Western GeoPower Corp.

Western GeoPower Corp.

November 27, 2008 13:22 ET

Western GeoPower Corp.: Don J. A. Smith Appointed as Interim Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 27, 2008) - Western GeoPower Corp. (TSX VENTURE:WGP) (FRANKFURT:WE6.F), a renewable energy development company, today announced that Don J.A. Smith, C.A., MBA has assumed the role of Chief Financial Officer and Corporate Secretary of Western GeoPower Corp. on an interim basis. Rupi Khanuja will be on a temporary personal leave from her position of Chief Financial Officer and Corporate Secretary, but will be available to the company as and when required.

Mr. Smith brings significant and relevant experience in the geothermal and mining sectors, including corporate finance, corporate governance and business planning. His business career includes serving as Chief Financial Officer of Nevada Geothermal Power Inc., Primary Metals Inc. and Oremex Resources Inc. Mr. Smith has invaluable financial experience and knowledge and was instrumental in planning and executing a $29 million refinancing realizing an annual savings of $700,000 for a publicly listed company. Mr. Smith has provided consulting services to a number of corporate boards on corporate governance structures and related matters.

He is past President of the Simon Fraser University (SFU) Alumni Association, a past Chair of the SFU Chancellor Nominating Committee and a past member of the SFU University Senate. Mr. Smith currently is a Director and Chairs the Audit Committee of Coast Wholesale Appliances Income Fund (TSX). Mr. Smith received an MBA from SFU and is a Member of the Institute of Chartered Accountants of British Columbia.

"Don's extensive corporate finance experience and business planning skills is a welcome asset to Western GeoPower," said Kenneth MacLeod, President and CEO of Western GeoPower. "His previous experience in the geothermal sector will allow us to continue forward seamlessly until Rupi's return."

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 is also developing the South Meager Geothermal Project in British Columbia, Canada.

On behalf of Western GeoPower Corp.:

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.

Contact Information

  • Western GeoPower Corp.
    Investor Relations
    (604) 662-3338 or US/Canada Toll Free: 1-866-662-3322
    Email: info@geopower.ca
    Investor Relations: IR@geopower.ca