WestBond Enterprises Corporation
TSX VENTURE : WBE

WestBond Enterprises Corporation

March 12, 2008 16:57 ET

WestBond Grants Options

DELTA, BRITISH COLUMBIA--(Marketwire - March 12, 2008) - WestBond Enterprises Corporation ("WestBond") (TSX VENTURE:WBE) announces that it has granted incentive stock options to purchase up to 800,000 Common shares in the capital of the Company at a price of $0.10 per share until March 12, 2013. The optionees include directors, officers and employees of WestBond.

Gennaro Magistrale, President of WestBond of 7871 - 82nd Street, Delta, British Columbia V4G 1L9, received 250,000 of the options, which represent approximately 2.2% of the issued and outstanding shares of WestBond (assuming exercise of the options and that no other Common shares of WestBond are issued).

After giving effect to the acquisition referred to above, Mr. Magistrale beneficially owns 1,435,524 Common shares, options to purchase in aggregate 500,000 Common shares and warrants to purchase in aggregate 526,316 Common shares, which if no other outstanding convertible securities were converted, would represent approximately 20.4% of the issued and outstanding Common shares of WestBond.

Owen Granger, Secretary/Treasurer and Chief Financial Officer of WestBond of 7871 - 82nd Street, Delta, British Columbia V4G 1L9, received 200,000 of the options, which represent approximately 1.8% of the issued and outstanding shares of WestBond (assuming exercise of the options and that no other Common shares of WestBond are issued).

After giving effect to the acquisition referred to above, Mr. Granger beneficially owns 703,950 Common shares, options to purchase in aggregate 350,000 Common shares and warrants to purchase in aggregate 263,158 Common shares, which if no other outstanding convertible securities were converted, would represent approximately 11.3% of the issued and outstanding Common shares of WestBond.

Messrs. Magistrale and Granger may, depending on market and other conditions, increase or decrease their beneficial ownership, control or direction over Common shares or other securities of WestBond through market transactions, private agreements, treasury purchases, exercise of convertible securities or otherwise.

Messrs. Magistrale and Granger will file reports describing the above transactions with applicable securities regulators, a copy of which will be available from WestBond at 604-940-3939 and under WestBond's profile at www.SEDAR.com.

WestBond is a producer of high quality disposable paper products marketed through medical and industrial distributors and operates a manufacturing facility in Delta, British Columbia, Canada.

WestBond is listed on the TSX Venture Exchange and trades under the symbol "WBE".

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

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