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WNP Western Prospector Grp. Com Npv

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Share Name Share Symbol Market Type
Western Prospector Grp. Com Npv TSXV:WNP TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Western Prospector Group Ltd. Announces Changes to Board of Directors and Officer

03/07/2009 2:26pm

Marketwired Canada


Western Prospector Group Ltd. (TSX VENTURE:WNP) ("Western Prospector") today
announced that Messrs. Eric Bohren, Charles Pullin, Felix Pardo and Thomas
Parker have resigned as directors of Western Prospector effective June 29, 2009.
Western Prospector is pleased to announce that on July 2, 2009 Mr. Hongchao Xu
and Dr. Sheng Zhan were appointed to the board of directors of Western
Prospector to fill certain of the vacancies on the board created by the
above-mentioned resignations.


Western Prospector also announced today that Mr. Eric Bohren has resigned as
Chief Executive Officer, Mr. Gerald Harper has resigned as Senior Vice President
- Mongolia effective June 29, 2009 and Mr. Charles Pullin has resigned as
Corporate Secretary effective July 2 2009. Western Prospector is pleased to
announce that effective July 2, 2009 Mr. Hongchao Xu was appointed Chairman and
Chief Executive Officer, Dr. Sheng Zhan was appointed Executive Vice President
and Mr. Xiang Wang was appointed Vice President and Secretary.


Mr. Hongchao Xu is the Executive Vice President, Executive Director of CNNC
International Limited. Mr. Xu currently serves as the director of the Investment
Division of the Assets Management Department of China National Nuclear
Corporation ("CNNC"). Mr. Xu joined CNNC in 1993 and had served as the
accountant of the finance department of CNNC, the deputy director of the Assets
Management Division of the Investments Operations Department of CNNC and the
director of the Overall Management Division of the Policy Research and System
Reform Department of CNNC. Mr. Xu is a director of Sanmen Nuclear Power Co.,
Ltd. and a director of SUFA Technology Industrial Co., Ltd. CNNC, a company
listed on the Shenzhen Stock Exchange. Mr. Xu has approximately 15 years of
experience in the areas of project investment, assets management and securities
investment. Mr. Xu graduated from Hengyang Engineering School in 1993 with a
bachelor degree in industrial management engineering. He also holds a master
degree in business administration from the Tsinghua University. Mr. Xu is also
qualified as a senior accountant.


Dr. Sheng Zhan is the Project Manager for China Uranium Corporation, CNNC. Dr.
Sheng Zhan graduated from Peking University & Universite d'Orleans in 2007 with
a doctorate in geology. He also holds a bachelor of science degree in geology
from Peking University.


Mr. Xiang Wang is the Project Manager of Investment and Development for China
Uranium Corporation. Prior to joining China Uranium Corporation, Mr. Xiang Wang
held the positions of Senior Manager of Corporate Finance Department at Coastal
International Holdings Co., Ltd. and Project Manager of Investment Banking
Department at Zhongcheng Luomai Science-Technology Group Co., Ltd. Mr. Xiang
Wang graduated from Concordia University, Montreal, Canada in 2005 with a master
degree in mechanical engineering. He also holds a bachelor degree in thermal
engineering from Tsinghua University.


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.


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