Western Receives Gurvanbulag Definitive Feasibility Study

Western Prospector Group Ltd. (TSX VENTURE:WNP) ("Western") today announced
positive economics from the Definitive Feasibility Study ("DFS") it has received
from Aker Metals, a division of Aker Solutions Canada Inc. ("Aker Solutions")
for its 100% owned Gurvanbulag Central uranium deposit in Mongolia. The DFS
follows a Preliminary Economic Assessment of Gurvanbulag, completed in 2007 by
Micon International Limited, which was detailed in Western's October 16, 2007
news release.




The DFS is based on reserves, at a cut-off grade of 0.08% U3O8, as 
summarized below:

---------------------------------------------------------------
                 Gurvanbulag Mineral Reserves
---------------------------------------------------------------

---------------------------------------------------------------
                           Tonnes        Grade             U3O8
Category            -------------------------------------------
                                t       % U3O8      million lbs
---------------------------------------------------------------
Proven Reserves           914,500        0.198              4.0
---------------------------------------------------------------
Probable Reserves       4,128,500        0.153             13.9
---------------------------------------------------------------
Total Reserves          5,043,000        0.161             17.9
---------------------------------------------------------------



A radiometric sorting plant is projected to remove 620,000 tonnes of low grade
rock and feed a nominal 500,000 tonnes per year to the process plant with a head
grade of 0.179% U3O8. With an average process recovery of 94.2%, the study
indicates that the deposit can produce a yearly average of 1.85 million pounds
of U3O8, as calcined yellowcake, for a nine year production life. The study
further indicates economic viability, with an estimated pretax internal rate of
return ("IRR") of 9.2% based on a constant selling price of US$65.00 per pound.
The IRR translates to 1.3% on an after-tax basis, incorporating all taxes
currently in effect in Mongolia.


The DFS was prepared by Aker Solutions in conjunction with P&E Mining
Consultants Inc. (resources, reserves and mining), Golder Associates Ltd. (rock
mechanics and tailings disposal), and Melis Engineering Ltd. (metallurgy). The
pre-production capital cost estimate, based on currency exchange rates
prevailing during the second quarter of 2008, is US$280.2 million with a further
US$137.5 million for sustaining capital costs during mine life. The site
operating cost per tonne mined is US$94.62, which results in an operating cost
per pound of yellowcake of US$29.00.


In comparison with the Preliminary Assessment prepared for Western in 2007 by
Micon, capital costs have increased by US$148.7 million (55%), due to inflation
during the period of strong world economic growth. Operating costs only
increased by US$10.64 per tonne, maintaining a competitive cost per pound of
yellowcake production.


Aker Solutions estimates production could start by January 2012, assuming all
Mongolian Government permits are in hand by the end of May 2009. During
construction, a comprehensive training program would be instituted to ensure
that, by start up of production, the project is employing the maximum number of
Mongolian nationals. This training program would complement and extend the
scholarship and professional training program already under way. The means of
project financing is yet to be determined.


The DFS will be made available at www.sedar.com and on the Company's website at
www.westernprospector.com.


Qualified Persons: John Rogers, P.Eng, of Aker Solutions, Eugene Puritch P.Eng.
and Malcolm Buck, P.Eng. of P&E Mining Consultants Inc., Bruce Fielder, P.Eng.,
Principal Process Engineer of Melis Engineering , Leon Botham, P.Eng. of Golder
Associates, and Gerald Harper, Ph.D, P.Geo., Senior Vice-President of Western,
are the qualified persons (as defined under NI 43-101) on the project and have
reviewed the technical information presented in this release.


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.