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Western GeoPower Corp. (WGP)

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Tuesday 23 June, 2009

Western GeoPower Corp.


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

                            NEWS RELEASE




VANCOUVER, Canada,  June  23,  2009,  TSX  Venture  Exchange  Trading
Symbol: WGP -  Western GeoPower  Corp., a  renewable energy  company,
today announced  the  receipt  of $3,710,000  from  the  exercise  of
26,500,000 share purchase warrants which  had been issued in  January
2009 in partial consideration for a secured loan facility.
The warrants were exercised  by 3 parties: Amalgamated  International
Holdings  SA  exercised   9,000,000  warrants;  Exploration   Capital
Partners 2008 Limited Partnership exercised 11,136,364 warrants;  and
Resource Capital Investment Corp. exercised 6,363,636 warrants.
"We are pleased to  report that the lenders  who participated in  the
secured loan  facilities of  late  2008 and  early 2009  continue  to
support the Company through their exercise of warrants," said Kenneth
MacLeod. President  and  CEO of  Western  GeoPower. "The  funds  will
facilitate the ongoing  development of  the Western  GeoPower Unit  1
power plant at the Geysers geothermal field in California."

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

"Kenneth MacLeod"
Kenneth MacLeod, 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: The funds will facilitate the ongoing  development
of the Western GeoPower Unit 1 power plant at the Geysers  geothermal
field in California.
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.  This
news release is not for dissemination in the United States of America
or to United States of America news services.
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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