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Western GeoPower Corp. (WGP)

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Monday 05 October, 2009

Western GeoPower Corp.

WESTERN GEOPOWER ANNOUNCES GEYSIR GREEN ENERGY ...



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


DATE:  October 5, 2009 FOR IMMEDIATE RELEASE



TRADING SYMBOLS: TSX-V (CANADA): WGP.V FRANKFURT: WE6.F



WESTERN GEOPOWER ANNOUNCES GEYSIR GREEN ENERGY DIVESTS ITS HOLDINGS

VANCOUVER, Canada,  October 5,  2009,  TSX Venture  Exchange  Trading
Symbol: WGP  - Western  GeoPower Corp.  ("WGP"), a  renewable  energy
company, today announced  that it  has been advised  by Geysir  Green
Energy ("Geysir") that it has  sold 47,333,334 common shares in  WGP,
representing all of the common shares it  held in WGP, at a price  of
CAD$0.18 per share, for  aggregate gross proceeds of  CAD$8,520,000.
Geysir stated that it sold the common shares as part of its objective
to focus on its efforts on increasing installed capacity in operating
geothermal power and heating plants in Iceland and China.

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 Sonoma County, California, United States;
the South Brawley geothermal project in Imperial County,  California,
United States; and  the South  Meager geothermal  project in  British
Columbia, Canada.

On behalf of the Board of Western GeoPower Corp
"Daryl S. Clark"
Daryl S. Clark, President & CEO

Cautionary Note Regarding Forward-Looking Statements

Certain statements  in  this press  release  contain  forward-looking
information within  the  meaning  of applicable  securities  laws  in
Canada  ("forward-looking  information").  The  words  "anticipates",
"believes", "budgets", "could", "estimates", "expects",  "forecasts",
"intends", "may", "might", "plans", "projects", "schedule", "should",
"will",  "would"  and  similar  expressions  are  often  intended  to
identify    forward-looking    information,    although    not    all
forward-looking information contains these identifying words.
The forward-looking information in  this press release includes,  but
is not limited  to, Geysir's  objective to  focus on  its efforts  on
increasing installed  capacity  in  operating  geothermal  power  and
heating plants in Iceland and China.
All forward-looking information in this press release is qualified in
its entirety  by this  cautionary  statement and,  except as  may  be
required by law, the  Company undertakes no  obligation to revise  or
update  any   forward-looking  information   as  a   result  of   new
information, future events or otherwise after the date hereof.
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
Nicole Robson - Marketing and Media: 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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