Western Prospector Group Ltd.
TSX VENTURE : WNP

Western Prospector Group Ltd.

November 30, 2007 17:53 ET

Western Prospector Files Independent Technical Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2007) - Western Prospector Group Ltd. ("Western Prospector") (TSX VENTURE:WNP) announces that it has filed with the Canadian Securities regulatory authorities the Independent Technical Report ("Report") regarding the results of a Preliminary Economic Assessment pertaining to Western Prospector's 100% owned Gurvanbulag uranium deposit located in Mongolia (see press release dated October 16, 2007, for further information). The Report was completed by mineral industry consultants, Micon International Limited of Toronto, Ontario, and can be found at www.westernprospector.com or www.sedar.com.

Eric Bohren, President and CEO

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 that 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.

Risks and uncertainties that could cause actual results to differ materially from those in our forward-looking statements include, among other things, the fact that we are a mineral exploration and development company which activity involves an inherent degree of risk and may not result in our developing a body of commercial ore, the long time horizons involved in the mineral exploration and development projects, risks associated with operating and holding mineral interests in other countries, particularly Mongolia, the outcome of the litigation commenced against the Company and others in the Supreme Court of British Columbia, in which the plaintiff, Maximum Ventures, Inc. is seeking, among other things, a declaration that the Company holds certain of its material Mongolian properties, including a portion of the Saddle Hills Uranium interests in trust, the numerous operating hazards and liabilities, including possible environmental liabilities, inherent in mineral exploration and development, significant costs and capital requirements, risks associated with securing and maintaining title to properties or enforcing agreements with other third parties, the need for significant and continued availability of capital and financing, commodity prices, general economic, market or business conditions, and governmental policies and legislation.

These forward-looking statements are based on certain material factors and assumptions, including general business and economic conditions, the terms and conditions governing our exploration and development programs, the ability of third-party services providers to deliver products or services in a timely manner and the reliability of information provided to the Company by third parties, among others. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this release are given as of the date hereof. Readers are cautioned not to place undue reliance on these forward looking statements as there can be no assurance that the conditions, events, plans or assumptions on which they are based will occur. Readers should perform their own detailed, independent investigation and analysis of the Company before making any investment decision and are encouraged to seek independent professional advice. All of the future looking statements in this document are expressly qualified by the above.

Readers are cautioned that the above list is not exhaustive and 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 TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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