Western Prospector Group Ltd.
TSX VENTURE : WNP

Western Prospector Group Ltd.

July 15, 2009 13:50 ET

Western Prospector Group Ltd. Announces Further Suspension of Mongolian Uranium Licenses

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2009) - Western Prospector Group Ltd. ("Western") (TSX VENTURE:WNP) today reports that it has received notice from the Mineral Resources Authority of Mongolia ("MRAM") stating that all of Western's uranium exploration licenses have been suspended for three months due to purported violations of various laws of Mongolia.

Western's Mongolian staff has not yet completed the English translation of such notice or related documentation. Western will provide further updates as information becomes available.

Note Regarding Forward-Looking Statements

This press release and other written or oral communication from Western Prospector 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 Western Prospector. Although Western Prospector 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 Western Prospector's website at www.westernprospector.com. Western Prospector 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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