Western Prospector Group Ltd.

Western Prospector Group Ltd.

November 06, 2006 08:30 ET

Western Prospector Group Ltd.: Underground Program Underway at the Saddle Hills Uranium Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 6, 2006) -


Western Prospector Group Ltd. ("Western Prospector") (TSX VENTURE:WNP) reports that its underground contractor, Redpath Mongolia LLC, has completed dewatering of the Gurvanbulag workings to the 260-metre level. The dewatering program entailed a longer period due to the existence of extensive historic pre-production workings that were not previously known, as well as some mechanical pumping interruptions. Minor rehabilitation is now in progress, and sampling of the mineralized zone will begin as soon as ventilation is established.

Initial inspection of the underground workings and receipt of additional historic mine plans has revealed that underground development was established on at least five levels, rather than on one level, as was originally expected. The following underground development appears to be in place:

(metres below surface) Lateral Development
---------------------- -------------------
140 2,400 metres
200 2,200 metres
260 13,000 metres
320 1,000 metres
500 4,500 metres

The levels of lateral development and inter-connecting raises and shafts are on 60-metre spaced levels at 140, 200, 260 and 320 metres below the collar of the main shaft, as well as a deeper 500-metre level.

Initial inspection of all development on the 260-level indicates the workings to be in excellent condition, with rail tracks in the main haulage tunnels, water and compressed air distribution systems all useable. The main 6-metre diameter circular concrete-lined shaft is being used for access to the 260-level. Historic records indicate the main shaft is developed to a depth of 525 metres.

Reports from former workers have confirmed that all levels were established to expose uranium mineralization within the easterly dipping Gurvanbulag horizon.

Inspection of the extensive workings, including internal raises and declines, confirmed that the historic development was focused to readying the Gurvanbulag deposit for production. The large size of the concrete-lined haulage ways and underground loading facilities also confirms completion of a program of mine development.

The existing underground infrastructure, with two 4-metre diameter ventilation shafts, along with the 6-metre diameter main shaft providing access to more than 20 kilometres of lateral workings on multiple levels along with connecting raises and declines and preparations for slope development, provides opportunity for compressing pre-production scheduling.

Upon rehabilitation of each working level, Western Prospector will be initiating a detailed mapping and sampling of the mineralized zones. This program is planned for the winter months, with expectation for completion by the end of the first quarter of 2007. The underground sampling program will be designed to advance the category of mineral resources within the working areas and provide data for mine planning.

Wayne J. Roberts, P.Geo, Senior Vice-President for Western Prospector and a Qualified Person, has reviewed the technical information presented within this news release.

John S. Brock, President and CEO

For further information, contact Blaine Monaghan, Manager, Investor Relations at (604) 687-4951 or toll free 1-800-403-2988, or email ir@badgerandco.com. Investors may also visit Western Prospector's website at www.westernprospector.com, and Investors may also review the Company's filings available at www.sedar.com.

Forward-Looking Information:

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve or resource potential, exploration drilling, exploitation activities and events or developments that Western Prospector Group Ltd. (the "Company") expects to occur, are forward-looking statements. Such statements are identified in this release by the use of words such as "will" and "expected" as well as the use of the future or conditional tense. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. 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.


As noted in news release 06-04 dated March 3, 2006, a lawsuit naming Western Prospector as a defendant has been commenced in the Supreme Court of British Columbia in which the plaintiff, Maximum Ventures Inc., is seeking, among other things, a declaration that Western Prospector holds certain of its material Mongolian properties, including a portion of the Saddle Hills Uranium interests, in trust for Maximum. Western Prospector is of the view that Maximum's allegations against Western Prospector are without foundation or merit and, as noted in previous releases, Western Prospector will vigorously defend the action and take all appropriate steps to protect Western Prospector's interests.

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

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