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Western GeoPower Corp. (WGP)

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Wednesday 02 September, 2009

Western GeoPower Corp.

WESTERN GEOPOWER PRESIDENT & CEO MACLEOD RE...



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:   September 1,
2009                                                    FOR IMMEDIATE
RELEASE
TRADING SYMBOLS:       TSX-V (CANADA): WGP.V           FRANKFURT:
WE6.F
          WESTERN GEOPOWER PRESIDENT & CEO MACLEOD RESIGNS
VANCOUVER, Canada, September  1, 2009, TSX  Venture Exchange  Trading
Symbol: WGP -  Western GeoPower  Corp., a  renewable energy  company,
today announced the resignation of Kenneth MacLeod as President,  CEO
and a Director of the company effective immediately.  Daryl Clark has
been named  President  & CEO  on  an interim  basis,  also  effective
immediately.
The changeover  reflects the  expected completion  of the  previously
disclosed business combination between Western GeoPower and two other
geothermal companies, resulting in a more broadly diversified  entity
under the leadership of Hezy Ram and the Ram Power management team.
"Ken's leadership of Western  GeoPower since its  launch in 2001  has
been a significant contributor to the company's ongoing success.   He
was instrumental in  creating a strategic  vision and implementing  a
plan to make  Western GeoPower an  important geothermal developer  in
North America," said Daryl Clark, Chairman of Western GeoPower.   "On
behalf of the Board of  Directors, we wish him  the very best in  his
future endeavors."
"I have enjoyed  the opportunity  to lead Western  GeoPower for  over
seven  years",  said  Mr.  Macleod.   "We  have  assembled  a  strong
technical team and  are well  positioned to transition  from a  stand
alone development  stage company  to become  part of  a larger,  well
capitalized company through the  proposed business combination.   The
new company will have  a broad and  diversified pipeline of  projects
ranging from  operating  to  near  term  operating  and  early  stage
development.  I am  confident that  the Board will  realize the  full
potential of the merged company."
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, Chairman
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: the Company is well positioned to transition  from
a stand alone development stage company  to become part of a  larger,
well capitalized company through  the proposed business  combination;
and the new  company will have  a broad and  diversified pipeline  of
projects ranging  from operating  to near  term operating  and  early
stage development.
The forecasts  and  projections  that  make  up  the  forward-looking
information are  based  on assumptions  which  include, but  are  not
limited to:  the Company  is not  subjected to  any material  adverse
events  normally   associated  with   exploration,  development   and
production of  natural resources;  the Company  is not  subjected  to
additional  governmental  regulation  and  that  political  attitudes
towards geothermal production does not change; the Company is able to
remain  in  compliance  with  its  debt  obligations;  the  Company's
resource estimates are accurate; the Company's insurance is  adequate
and that  it does  not incur  any material  uninsured liability;  the
Company is able to comply with environmental regulations; the Company
has access to  suitable infrastructure; no  title defects affect  the
Company's properties;  the  Company  receives  necessary  permits  on
acceptable  terms;  no  material  new  competition;  no   significant
fluctuation in  currency  exchange  rates  and  interest  rates;  the
Company  is   able  to   access  additional   capital;  no   material
fluctuations in energy prices; continued access to the Company's  key
personnel; and, no conflicts of interest arise.
The forward-looking information  is subject  to risks,  uncertainties
and  other  factors  that  could  cause  actual  results  to   differ
materially from  historical results  or  results anticipated  by  the
forward-looking information. The factors which could cause results to
differ from current  expectations include,  but are  not limited  to:
risks  normally   associated   with  exploration,   development   and
production  of  natural  resources;  risks  relating  to   government
regulation; risks  relating to  indebtedness; risks  relating to  the
reliability  of  resource   estimates;  no   history  of   geothermal
production; insurance and  uninsured risks;  environmental risks  and
hazards; lack  of  access  to  required  infrastructure;  land  title
defects; risks  relating to  obtaining permits  on acceptable  terms;
competition; fluctuations  in currency  exchange rates  and  interest
rates; risks relating to raising additional capital; fluctuations  in
energy prices; reliance on key personnel; conflicts of interest; and,
other risks  described  in  the  Company's  Management  Discussion  &
Analysis and other continuous disclosure documents.
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]


 
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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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