Western Prospector Group Ltd.
TSX VENTURE : WNP

Western Prospector Group Ltd.

October 19, 2007 20:00 ET

Western Prospector Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 19, 2007) -

NOT FOR DISSEMINATION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Western Prospector Group Ltd. (the "Company") (TSX VENTURE:WNP) announces that on October 19, 2007 it granted options under its Stock Option Plan to an officer and director to purchase up to 600,000 common shares, and to employees to purchase up to 20,000 common shares. The options are exercisable at $2.10 per share until October 19, 2012, and vest as to 25% on the date of grant, 25% in one year and 50% in two years, subject to the terms and conditions of the Company's Stock Option Plan.

Eric Bohren, President and CEO

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or any state securities laws and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.

In the news release of March 3, 2006, Western advised that a lawsuit naming Western Prospector as a defendant has been commenced in the Supreme Court of British Columbia, in which the plaintiff, Maximum Ventures, Inc., is seeking, among other things, a declaration that Western Prospector holds certain of its material Mongolian properties, including a portion of the Saddle Hills Uranium interests, in trust for Maximum. Western is of the view that Maximum's allegations against Western are without foundation or merit and, as previously noted, Western will vigorously defend the action and take all appropriate steps to protect Western's interests. In this regard a trial date has been set for November 5, 2007. Additional information on this issue is available at Western's website at www.westernprospector.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release

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