DON J. A. SMITH APPOINTED AS ITERIM CHIEF FINAN...
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NEWS RELEASE
DATE: NOVEMBER 27,
2008
FOR IMMEDIATE RELEASE
TRADING SYMBOLS: TSX-V (Canada): WGP.V FRANKFURT: WE6.F
DON J. A. SMITH APPOINTED AS ITERIM CHIEF FINANCIAL OFFICER
VANCOUVER, Canada, November 27, 2008, TSX Venture Exchange Trading
Symbol: WGP - Western GeoPower Corp., a renewable energy development
company, today announced that Don J.A. Smith, C.A., MBA has assumed
the role of Chief Financial Officer and Corporate Secretary of
Western GeoPower Corp. on an interim basis. Rupi Khanuja will be on a
temporary personal leave from her position of Chief Financial Officer
and Corporate Secretary, but will be available to the company as and
when required.
Mr. Smith brings significant and relevant experience in the
geothermal and mining sectors, including corporate finance, corporate
governance and business planning. His business career includes
serving as Chief Financial Officer of Nevada Geothermal Power Inc.,
Primary Metals Inc. and Oremex Resources Inc. Mr. Smith has
invaluable financial experience and knowledge and was instrumental in
planning and executing a $29 million refinancing realizing an annual
savings of $700,000 for a publicly listed company. Mr. Smith has
provided consulting services to a number of corporate boards on
corporate governance structures and related matters.
He is past President of the Simon Fraser University (SFU) Alumni
Association, a past Chair of the SFU Chancellor Nominating Committee
and a past member of the SFU University Senate. Mr. Smith currently
is a Director and Chairs the Audit Committee of Coast Wholesale
Appliances Income Fund (TSX). Mr. Smith received an MBA from SFU and
is a Member of the Institute of Chartered Accountants of British
Columbia.
"Don's extensive corporate finance experience and business planning
skills is a welcome asset to Western GeoPower," said Kenneth MacLeod,
President and CEO of Western GeoPower. "His previous experience in
the geothermal sector will allow us to continue forward seamlessly
until Rupi's return".
Western GeoPower Corp. is a renewable energy company dedicated to the
development of geothermal energy projects for the delivery of clean,
sustainable, baseload electricity generation. The Company is
developing The Western GeoPower Unit 1 geothermal power plant at The
Geysers Geothermal Field in California, United States and is also
developing the South Meager Geothermal Project in British Columbia,
Canada.
On behalf of Western GeoPower Corp.:
"Kenneth MacLeod"
Kenneth MacLeod, President & CEO
Cautionary Note Regarding Forward-Looking Statements
Statements in this release that are forward-looking are subject to
various risks and uncertainties concerning the specific factors
identified above that reflect the Company's expectations and
projections about its future results. The Company has tried
whenever possible to identify these forward-looking statements which
include but are not limited to, words such as "anticipates,"
believes," "estimates," "expects," "plans," "intends," "potential,"
and similar expressions. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. Investors
are cautioned that any such statements are not guarantees of future
performance and that actual results or developments may differ
materially from those projected in the forward-looking statements.
The Company disclaims any obligation or intention to update or to
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. Such information contained
herein represents management's best judgment as of the date hereof
based on information currently available.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. For more information or to be
put on our email list, please contact our office: (604) 662-3338 or
US/Canada Toll Free: 1-866-662-3322, email: info@geopower.ca Investor
Relations: IR@geopower.ca
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Western GeoPower Corp.
837 West Hastings Street Suite 411 Vancouver,
BC<br>V6C 3N6 Canada
WKN: 254049; ISIN: CA95827Q1037;
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