Western Prospector Group Ltd. (TSX VENTURE:WNP) ("Western") and Tinpo Holdings
Industrial Company Limited ("Tinpo") today announced that Tinpo has re-engaged
discussions with Western concerning a proposal whereby Tinpo, through a wholly
owned subsidiary (the "Offeror"), would offer to acquire all of the common
shares (the "Shares") of Western for cash consideration of Cdn.$1.34 per Share
(the "Offer").


It is intended that all other terms of the Offer will be substantially similar
to, and no less favourable to Western's shareholders than, those of the offer to
purchase Shares that Tinpo had previously made but which was withdrawn by Tinpo.
Since withdrawing that offer, representatives of Tinpo have had discussions in
Mongolia and Tinpo understands the current government of Mongolia intends to
respect the rights of foreign investors in the uranium industry in Mongolia.


While there can be no assurance that the Offer will be made or, if made, will be
completed, Western and Tinpo are committed to moving discussions forward. A
further announcement regarding the progress of these discussions will be made
when appropriate.


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.