WGP Western Geopower Corp Com Npv

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Share Name	Share Symbol	Market	Type
Western Geopower Corp Com Npv	TSXV:WGP	TSX Venture	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
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Geysir Green Energy Acquires Securities of Western GeoPower Corp.

31/08/2007 9:11pm

Marketwired Canada

To comply with securities laws in Canada, Geysir Green Energy ehf. ("Geysir")
wishes to announce that today it acquired ownership of 25,000,000 common shares
of Western GeoPower Corp. (TSX VENTURE:WGP)(FRANKFURT:WE6) ("WGP"), representing
approximately 13.7% of WGP's outstanding common shares, pursuant to a private
placement subscription agreement at $0.25 per share. Following this transaction,
Geysir owns 34,333,334 common shares of WGP, representing approximately 18.8% of
WGP's outstanding common shares, and 9,333,334 warrants exercisable to purchase
one common share of WGP at $0.35 per share. Geysir's acquisition of WGP shares
in this transaction was for investment purposes only. Geysir may, depending on
market and other conditions, acquire additional common shares of WGP through
market transactions, private agreements or otherwise. Geysir may, depending on
market conditions, sell any or all of its common shares of WGP.