Universal Power Corp. (TSX VENTURE:UNX) (FRANKFURT:3U2A) (the "Company") or
("Universal") announced today they have been notified that the Kunene #1 well,
has been drilled to a depth of 5,050 meters and logging operations are complete.
During drilling the well encountered significant hydrocarbon shows in two zones.
The first interval is 228 meters starting at about 3700 meters and the second
interval is 50 meters starting at approximately 4700 meters. Sampling and coring
have been completed and analysis is being conducted by Corelab (Aberdeen). Based
on log analysis and hydrocarbon shows, Sintezneftegaz Namibia Ltd. ("Sintez")
the operator, has proposed a testing program first over the lower zone, which is
scheduled to begin tomorrow, August 8, 2008.


Testing of the prospective lower feature (4698-4748 m) is designed to confirm
hydrocarbon makeup and saturation and will allow the partners to assess the
commercial viability of the well. The testing is estimated to take approximately
16 days, however, results will not be published until received and approved by
Namibian Government due to tight hole status of this well.


Knowledge Katti, director for the Company stated, "We are very pleased that the
Kunene # 1 well has significant hydrocarbon shows and we look forward to
receiving results from the testing of this well. Sintez, the operator of Block
1711, has significant experience in exploration and production as well as
downstream operations and the construction and operation of power generating
facilities. They will be a key partner as we move forward in Block 1711.
Universal has a 2.7% carried interest in this block meaning the Company does not
have to pay for any costs of exploration and has a carried interest to
production on the entire PEL Block 1711. This discovery confirms that our
business plan is correct and we are acquiring oil and gas interests in a
prospective area that we believe could become a significant producer of
hydrocarbons."


Namibian Assets

On February 26, 2008 Universal entered into a partnership with Kunene Energy
(Pty) Ltd ("Kunene Energy") a Namibian Black Economic Empowerment ("BEE")
company, founded by Mr. Knowledge Katti a local businessman and director of
Universal. Kunene Energy is well positioned to assemble strategic interests in
high-profile African oil and gas projects. Upon completion of the Kunene Energy
acquisition announced last month, the Company will have a 2.7% carried interest
in Block 1711 and a 90% working interest in Block 2713A&B. Both concessions are
off-shore Namibia, Africa. In addition, the Company has recently signed an LOI
to acquire a 30% carried interest in block 2815 located off-shore Namibia,
Africa.


The 2713 and 2815 Blocks are located in the Orange Basin, adjacent to the Kudu
gas fields with an estimated reservoir of 3 TCF.


The government of Namibia has classified Kunene No. 1 as a "tight hole," meaning
no information regarding the well may be released until such time as the
Namibian government determines to make the information public.


About Universal Power Corp.

Universal Power Corp. and its BEE partner are positioned as an emerging
exploration and production junior listed on the TSX Venture Exchange and the FSE
Open Market. The Company's mission is to deliver significant share appreciation
through the discovery, exploration and production of fossil fuel energy and
uranium.


ON BEHALF OF THE BOARD OF DIRECTORS

Barry Swanson, Director & CEO

This news release contains certain forward-looking statements that reflect the
current views and/or expectations of Universal Power Corp. with respect to its
performance, business and future events. Investors are cautioned that all
forward-looking statements involve risks and uncertainties including, without
limitation, those relating to changes in the market, potential downturns in
economic conditions, foreign exchange fluctuations, changes in business
strategy, regulatory requirements, demand for our resources, competition and
dependence on key personnel. These risks, as well as others, could cause actual
results and events to vary significantly. Universal Power Corp. does not
undertake any obligations to release publicly any revisions for updating any
voluntary forward-looking statements.


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