Universal Receives Exchange Approvals

Universal Power Corp. (TSX VENTURE:UNX)(FRANKFURT:3U2A)(the "Company") or
("Universal") announced today that further to its news releases dated June 24,
2008 and July 21, 2008 the TSX Venture Exchange ("TSX-V") has accepted for
filing the transactions to acquire a 30% carried interest in Petroleum
Exploration Licence ("EL") 2815 off - shore Namibia and purchase an additional
70% of Kunene Energy (Pty) Ltd, ("Kunene Energy"). The Company will now proceed
to close both acquisitions.


Namibian Assets

On February 26, 2008 Universal entered into a partnership with Kunene Energy
(Pty) Ltd ("Kunene Energy") a Namibian Black Economic Empowerment ("BEE")
company, founded by Mr. Knowledge Katti a local businessman and director of
Universal. Kunene Energy is well positioned to assemble strategic interests in
high-profile African oil and gas projects. Upon closing of the acquisitions
noted above, the Company will have a 2.7% carried interest in Block 1711, a 90%
working interest in Blocks 2713A&B and a 30% carried interest in Block 2815.
These concessions are off-shore Namibia, Africa.


The 2713 and 2815 Blocks are located in the Orange Basin, adjacent to the Kudu
gas fields with an estimated reservoir of 3 TCF.


About Universal Power Corp.

Universal Power Corp. and its BEE partner are positioned as an emerging
exploration and production junior listed on the TSX Venture Exchange and the FSE
Open Market. The Company's mission is to deliver significant share appreciation
through the discovery, exploration and production of fossil fuel energy.


ON BEHALF OF THE BOARD OF DIRECTORS

Barry Swanson, Director & CEO

This news release contains certain forward-looking statements that reflect the
current views and/or expectations of Universal Power Corp. with respect to its
performance, business and future events. Investors are cautioned that all
forward-looking statements involve risks and uncertainties including, without
limitation, those relating to changes in the market, potential downturns in
economic conditions, foreign exchange fluctuations, changes in business
strategy, regulatory requirements, demand for our resources, competition and
dependence on key personnel. These risks, as well as others, could cause actual
results and events to vary significantly. Universal Power Corp. does not
undertake any obligations to release publicly any revisions for updating any
voluntary forward-looking statements.


Shares Outstanding: 55,066,671