Western Areas NL
TSX : WSA
ASX : WSA

Western Areas NL

August 03, 2009 04:44 ET

Western Areas Announces Outcome of Court Case Regarding Directors

PERTH, AUSTRALIA--(Marketwire - Aug. 3, 2009) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Western Areas NL (TSX:WSA)(ASX:WSA) has been advised that a judgement has been handed down by the Supreme Court of Western Australia in a case regarding two directors of Western Areas NL. The case concerned a claim by Western Areas Exploration Pty Ltd (WAE) for an interest in Western Areas NL shares held by Western Areas NL Chairman Mr Terry Streeter and Director Mr David Cooper.

The judgement was awarded in favour of WAE. The judgement affects approximately 10.7 million Western Areas NL shares owned by Mr Streeter and approximately 0.4 million Western Areas NL shares owned by Mr Cooper.

The decision does not affect the ownership of any of Western Areas NL's assets or tenements, the number of shares on issue, or the rights of any other shareholders.

For clarity, Western Areas NL was not a party to the court case and WAE is not related to Western Areas NL in any way.

Mr Streeter has announced that he has instructed solicitors to provide advice on an appeal.

DISCLAIMER: This announcement does not include reference to all available information on Western Areas NL and should not be used in isolation as a basis to invest in Western Areas. Any potential investors should refer to Western Areas' other public releases and statutory reports and consult their professional advisers before considering investing in either Company.

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