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Western GeoPower Corp. (WGP)

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Wednesday 24 December, 2008

Western GeoPower Corp.


Corporate news announcement processed and transmitted by Hugin AS.
The issuer is solely responsible for the content of this 

                            NEWS RELEASE

DATE:  December 24, 2008
                        FOR IMMEDIATE RELEASE



VANCOUVER, Canada, December  24, 2008, TSX  Venture Exchange  Trading
Symbol: WGP - Western GeoPower Corp., a renewable energy  development
company, today announced that the four  wells drilled to date at  the
Western GeoPower Unit 1  project at The  Geysers Geothermal Field  in
California are considered  to have sufficient  power capacity  behind
pipe to  satisfy  the  minimum requirements  for  project  financing.
Accordingly, further  drilling has  been  deferred until  receipt  of
project financing  to construct  the  35 MWe  power plant,  which  is
anticipated for the second quarter of 2009.

An assessment by independent consultants GeothermEx, Inc. of the four
wells, designated  WGP-1 through  WGP-4, states  that the  total  net
initial power capacity from the four  wells is estimated at 26.1  MW,
which represents 74.6% of the initial plant capacity of 35 MW  (net).
Experience at The Geysers shows that when a plant is put on line  the
wells undergo a  10% to  30% decline within  a few  weeks before  the
productivity stabilizes and the long-term productivity decline  trend
ensues. Assuming  an average  20% decline  before stabilization,  the
four completed wells  represent a total  stabilized flow capacity  of
20.9 MW (net), or 5.22 MW (net) per well.

GeothermEx concludes  that the  35  MW (net)  capacity plant  can  be
supplied initially by seven production  wells instead of eight  wells
as initially projected, in  addition to one  new injector well.  With
the  first  four  wells  having  been  completed  under  budget   and
approximately three months ahead of schedule, deferring the  drilling
of the  remaining  wells is  not  expected to  adversely  impact  the
projected Commercial Operating Date for the power plant in 2010.

"Our original forecast called for the drilling of up to six wells  to
satisfy the anticipated  banking requirement of  60% of the  resource
being behind pipe," said Kenneth MacLeod, President & CEO of  Western
GeoPower. "Having  achieved  the  resource  target  with  four  wells
enables us  to significantly  reduce our  monthly expenditures  until
receipt  of  project  financing,   by  focusing  on  permitting   and
engineering issues  during the  current  period of  financial  market

The  Geysers  geothermal  field,  located  75  miles  north  of   San
Francisco,  California,  is  the   largest  producer  of   geothermal
electricity in  the  world.  Commercial  geothermal  power  has  been
generated continuously at The Geysers  field since 1960, the  present
generation level being about 900 MWe of clean, baseload  electricity.
Western GeoPower's Unit  1 project is  situated in the  south-western
region of The Geysers field in Sonoma County.

About Western GeoPower Corp.
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 the  South
Meager Geothermal Project in British Columbia, Canada.
On behalf of the Board 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: [email protected] Investor
Relations: [email protected]

--- End of Message ---

Western GeoPower Corp.
837 West Hastings Street Suite 411 Vancouver, 
BC<br>V6C 3N6 Canada

WKN: 254049; ISIN: CA95827Q1037; 


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