Western Prospector Group Ltd. (TSX VENTURE:WNP) ("Western") today provided an
update concerning the offer by Tinpo Holdings Industrial Company Limited
("Tinpo"), through its wholly owned subsidiary (the "Offeror"), to acquire all
of the common shares (the "Shares") of Western (other than the Shares
beneficially owned, directly or indirectly, by the Offeror, its joint actors and
their affiliates including Anchorage Capital Master Offshore, Ltd.) for cash
consideration of $1.34 per Share (the "Offer").


The Offer is to expire at 5:00 p.m. (Vancouver time) on September 30, 2008. As
at September 26, 2008, more than 39 million Shares, representing (together with
Shares held by joint actors of the Offeror) approximately 73% of the total
issued and outstanding Shares, had been validly deposited to the Offer. This
represents overwhelming support for the Offer.


Full details of the Offer are contained in the takeover bid circular of the
Offeror and related materials and the directors' circular, copies of which may
be accessed electronically at www.sedar.com.


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.