Clarity Enterprises Limited announces acquisition of 1,000,000 units of Western Warrior Resources Inc.



    /Not for distribution to U.S. newswire services or for dissemination in
    the United States./

    ST. HELIER, Jersey, Channel Islands, Nov. 1 /CNW/ - Further to disclosure
requirements of applicable securities laws, Clarity Enterprises Limited
("CEL"), announces that it has acquired ownership of 1,000,000 units of
Western Warrior Resources Inc. ("Western Warrior") from treasury at a price of
Cdn. $0.25 per unit for aggregate consideration of Cdn. $250,000. Each unit of
Western Warrior is comprised of one common share ("Common Share") of
Western Warrior and one-half of one common share purchase warrant of
Western Warrior. Each whole common share purchase warrant ("Series II
Warrant") of Western Warrior entitles CEL to purchase one Common Share at a
price of Cdn. $0.35 on or before October 31, 2008, provided that if the Common
Shares trade at Cdn. $0.45 or higher on a volume weighted average basis over
any ten trading day period on or before October 31, 2008, Western Warrior can
give written notice to CEL to accelerate the expiry date of the Series II
Warrants to 15 calendar days after the date of such notice. The 1,000,000
Common Shares acquired by CEL represent approximately 2.6% of the outstanding
of the Common Shares of Western Warrior.
    Following completion of the acquisition of the 1,000,000 units of
Western Warrior, CEL held 3,380,796 Common Shares, 500,000 Series II Warrants,
$1,000,000 principal amount of unsecured convertible promissory notes (the
"Notes") of Western Warrior and 118,334 common share purchase warrants
("Series I Warrants") of Western Warrior Pursuant to the terms of the Notes,
CEL has the option, at any time prior to the full repayment of the principal
sum and interest outstanding (the "Outstanding Amount") under the Notes, to
convert the Outstanding Amount into Common Shares of Western Warrior on the
basis of one Common Share for each Cdn. $0.35 of Outstanding Amount, subject
to certain adjustments. The Notes are due and payable on November 24, 2008 and
accrue interest at a rate of seven percent (7%) per annum, compounded
annually, commencing on November 24, 2006. Each Series I Warrant entitles CEL
to acquire one Common Share at an exercise price of Cdn. $0.45 per share at
any time on or before January 14, 2008, provided that if the Common Shares
trade at Cdn. $0.54 or higher on a volume weighted average basis over any ten
trading day period on or before January 14, 2008, Western Warrior can give
written notice to CEL to accelerate the expiry date of the Series I Warrants
to 15 calendar days after the date of such notice. The 3,380,796 Common Shares
owned by CEL represent approximately 8.9% of the outstanding Common Shares of
Western Warrior. Assuming CEL exercises all of the Series I Warrants and
Series II Warrants to acquire 618,334 Common Shares and converts the full
Outstanding Amount of the Notes on November 24, 2008 to acquire 3,271,143
Common Shares, CEL will own 7,270,273 Common Shares representing approximately
17.4% of the outstanding Common Shares of Western Warrior, based on there
being 41,683,903 Common Shares of Western Warrior issued and outstanding.
    CEL acquired the 1,000,000 units of Western Warrior for investment
purposes. CEL may in the future take such actions in respect of its holdings
as it may deem appropriate in light of the circumstances then existing,
including the purchase of additional common shares or other securities of
Western Warrior through open market purchases or privately negotiated
transactions, or the sale of all or a portion of its holdings in the open
market or in privately negotiated transactions to one or more purchasers.





For further information:

For further information: A copy of CEL's related early warning report
filed with the applicable securities commissions and further information may
be obtained by contacting Peter J. Band, a representative of Pinnacle Trustees
Limited, Administrator of CEL at: Telephone: +44 1534 280111 and Facsimile:
+44 1534 280099

Organization Profile

WESTERN WARRIOR RESOURCES INC.

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CLARITY ENTERPRISES LIMITED

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