Clarity Enterprises Limited announces acquisition of 890,000 common shares 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. 28 /CNW/ - Further to
disclosure requirements of applicable securities laws, Clarity Enterprises
Limited ("CEL"), announces that it has acquired ownership of 890,000 common
shares ("Common Shares") of Western Warrior Resources Inc. ("Western Warrior")
at a price of Cdn. $0.25 per share for aggregate consideration of Cdn.
$222,500. The 890,000 Common Shares were acquired by CEL from a shareholder of
Western Warrior in a privately negotiated transaction which was executed by
way of a market cross over the facilities of the TSX Venture Exchange. The
890,000 Common Shares acquired by CEL represent approximately 1.9% of the
outstanding Common Shares of Western Warrior.
    Following completion of the acquisition of the 890,000 Common Shares of
Western Warrior, CEL held 7,270,796 Common Shares, 3,000,000 common share
purchase warrants ("Series II Warrants") of Western Warrior, $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. 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. 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 7,270,796 Common Shares owned by CEL
represent approximately 15.2% 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 14,041,939 Common Shares representing approximately 25.7% 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 890,000 Common Shares 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, 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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