Clarity Enterprises Limited announces acquisition of 3,000,000 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, Feb. 26 /CNW/ - Further to
disclosure requirements of applicable securities laws, Clarity Enterprises
Limited ("CEL"), announces that it has acquired ownership of 3,000,000 units
of Western Warrior Resources Inc. ("Western Warrior") at a price of Cdn. $0.25
per unit for aggregate consideration of Cdn. $750,000. Each unit of Western
Warrior is comprised of one common share ("Common Share") of Western Warrior
and one common share purchase warrant ("Series II Warrant") of Western
Warrior. Each Series II Warrant entitles CEL to purchase one Common Share at a
price of Cdn. $0.35 on or before February 26, 2009, provided that if the
Common Shares trade at Cdn. $1.25 or higher on a volume weighted average basis
over any 20 trading day period on or before February 26, 2009, 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
3,000,000 Common Shares acquired by CEL represent approximately 6.3% of the
outstanding Common Shares of Western Warrior.
    Following completion of the acquisition of the 3,000,000 units of Western
Warrior, CEL held 6,380,796 Common Shares, 3,000,000 Series II Warrants,
$1,000,000 principal amount of unsecured convertible promissory notes (the
"Notes") of Western Warrior and 500,000 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. $0.35 per share at
any time 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 I Warrants
to 15 calendar days after the date of such notice. The 6,380,796 Common Shares
owned by CEL represent approximately 13.3% of the outstanding Common Shares of
Western Warrior. Assuming CEL exercises all of the Series I Warrants and
Series II Warrants to acquire 3,500,000 Common Shares and converts the full
Outstanding Amount of the Notes on March 21, 2008 to acquire 3,271,143 Common
Shares, CEL will own 13,151,939 Common Shares representing approximately 24.1%
of the outstanding Common Shares of Western Warrior, based on there being
54,670,405 Common Shares of Western Warrior issued and outstanding.
    CEL acquired the 3,000,000 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.
    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.





For further information:

For further information: 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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