Universal Power Corp.

Universal Power Corp.

April 14, 2009 08:30 ET

Universal Signs Co-Operative Agreement With National Petroleum Corporation of Namibia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 14, 2009) - Universal Power Corp. (TSX VENTURE:UNX)(FRANKFURT:3U2A) (the "Company") or ("Universal") is pleased to announce that it has entered into a co-operative agreement by way of a Memorandum of Understanding (the "MOU") dated April 3, 2009 with The National Petroleum Corporation of Namibia (Pty) Ltd. ("NAMCOR").

Pursuant to the terms of the MOU, the Company and NAMCOR will jointly investigate and evaluate project opportunities in petroleum exploration, development and production of hydrocarbons, as well as energy related opportunities in Africa.

In an energy deficient region of Southern Africa, Namibia's strategic importance as an emerging producer is yet to be widely recognized. As a result, the number of significant international energy firms to advance exploration and development efforts in this territory is expanding.

Through this MOU, the Company seeks to combine its operational expertise and access to international capital with the resources and support of NAMCOR to jointly pursue rewarding commercial energy opportunities in Namibia. Specifically, exploration, development and production opportunities, debt and equity finance, asset swaps and data set exchanges will be reviewed in the course of finalizing terms.

Barry Swanson, Chief Executive Office of the Company stated "As we continue to execute our mission in creating value with local partners in a socially responsible manner, it is both a tremendous opportunity and a great honour to be associated with the Government of Namibia. Partnering with NAMCOR builds a stronger platform to develop energy projects in Namibia and abroad for mutual benefit."

About Universal Power Corp.

Universal Power Corp with broad based Black Economic Empowerment ownership trades its common shares publicly on Canadian and German exchanges. Blessed with strong local and international relationships combined with strategic asset ownership, the Company is strategically positioned to benefit from future hydrocarbon discoveries made offshore Namibia.


NAMCOR's purpose is to ensure the optimum exploitation of Namibia's petroleum resources and meaningful Namibian participation in resulting business developments in petroleum related exploration activities. The company also acts as advisors to the Ministry of Mines and Energy and assists them in monitoring the exploration activities of licensees. The Government of the Republic of Namibia is its sole shareholder.


Barry Swanson, Director & CEO

This news release contains certain forward-looking statements that reflect the current views and/or expectations of Universal Power Corp. with respect to its performance, business and future events. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, those relating to changes in the market, potential downturns in economic conditions, foreign exchange fluctuations, changes in business strategy, regulatory requirements, demand for our resources, competition and dependence on key personnel. These risks, as well as others, could cause actual results and events to vary significantly. Universal Power Corp. does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements.

Shares Outstanding: 58,066,671

The TSX Venture Exchange has not reviewed and does not accept responsibility of the adequacy or accuracy of this news release.

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