Western Prospector Group Ltd.

Western Prospector Group Ltd.

February 23, 2009 09:28 ET

Western Files New NI 43-101 Technical Report on the Gurvanbulag Uranium Deposit in Mongolia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 23, 2009) - Western Prospector Group Ltd. (TSX VENTURE:WNP) ("Western") is pleased to announce the filing of an updated NI 43-101 Technical Report for the Gurvanbulag Uranium Deposit in Mongolia. The Technical Report follows Western's January 9, 2009 press release announcing a new estimate for the resources and an initial estimate for reserves together with the completion of the positive Definitive Feasibility Study. The report can be viewed on www.sedar.com as well as the corporate website, www.westernprospector.com.

The report was prepared by John Rogers, P.Eng, of Aker Solutions, Eugene Puritch, P.Eng., Malcolm Buck, P.Eng., Tracy Armstrong, P. Geo., Antonie Yassa, P. Geo., Wayne Ewart, P. Geo., Kirstine Malloch, AusIMM., of P&E Mining Consultants Inc., Bruce Fielder, P.Eng., Principal Process Engineer of Melis Engineering, Leon Botham, P.Eng., and Charles Steed, P. Eng. of Golder Associates, who are the Qualified Persons as defined under NI 43-101.

Gerald Harper, Ph.D., P. Geo., Senior Vice President of Western is the Qualified Person for the company and has reviewed the technical information presented in this release.

Note Regarding Forward-Looking Statements

This press release and other written or oral communication from the Company may include certain statements that may be considered "forward-looking statements" within the meaning of that phrase under Canadian securities laws. Statements other than historical facts that address possible future events, plans or developments are forward-looking statements. Such statements may be identified by the use of words such as "will", ""may", "expects", "estimate", "intend" or the use of the future or conditional tense. Certain material factors or assumptions were applied in drawing our conclusions and making those forward-looking statements. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are based on management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. Readers are cautioned that risks may change or new risks may emerge. Additional information regarding the material factors and assumptions that were applied in making these forward looking statements as well as the various risks and uncertainties we face are described in greater detail in the "Risk Factors" section of our annual and interim Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedar.com and available on the Company's website at www.westernprospector.com. The Company undertakes no obligation to update this forward-looking information except as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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