Western Prospector Group Ltd. ("Western")(TSX VENTURE:WNP) received notification
after the close of markets on Tuesday, September 30, 2008 that 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) for cash consideration of
$1.34 per Shares (the "Offer"), had been withdrawn.


On Tuesday, September 30, 2008, Tinpo notified representatives of Western that
it was withdrawing the Offer because it claimed it had become aware of an
unpublished document which indicated that the Government of Mongolia may be
considering the nationalization of the uranium industry in Mongolia.


Western is of the view that Tinpo has no right, contractual or otherwise, to
withdraw the Offer or to fail in any other respect to perform its obligation to
acquire the Shares in accordance with the terms of the Offer or any of its other
obligations under the support agreement and related guarantee each dated July
15, 2008 (the "Agreements").


Western intends to pursue vigorously all of its rights and remedies against
Tinpo, its principals, shareholders, officers, directors and any others who act
jointly or in concert with or who otherwise assist Tinpo in breaching any of its
obligations under the Offer or the Agreements.


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.