Trafalgar Universal 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. PETER PORT, Guernsey, Feb. 26 /CNW/ - Further to disclosure
requirements of applicable securities laws, Trafalgar Universal Limited
("TUL"), announces that it has acquired ownership of 3,000,000 units of
Western Warrior Resources Inc. ("Western Warrior") from treasury at a price of
Cdn. $0.25 per unit for aggregate consideration of Cdn. $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 TUL 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 TUL 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 TUL 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, TUL held 6,380,797 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,
TUL 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 March 21, 2008 and
accrue interest at a rate of seven percent (7%) per annum, compounded
annually, commencing on March 21, 2006. Each Series I Warrant entitles TUL 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 TUL to accelerate the expiry date of the Series I Warrants
to 15 calendar days after the date of such notice. The 6,380,797 Common Shares
owned by TUL represent approximately 13.3% of the outstanding Common Shares of
Western Warrior. Assuming TUL 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, TUL will own 13,151,940 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.
    TUL acquired the 3,000,000 units of Western Warrior for investment
purposes. TUL 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 TUL's related early warning report filed with the applicable
securities commissions and further information may be obtained by contacting
Keith Betts, a representative of New Haven Trust Company (Channel Islands)
Limited, Corporate Director of TUL at: Telephone: +44 (0) 1481 710424 and
Facsimile: +44 (0) 1481 713112.





For further information:

For further information: Keith Betts, a representative of New Haven
Trust Company (Channel Islands) Limited, Corporate Director of TUL, at:
Telephone: +44 (0) 1481 710424, and Facsimile: +44 (0) 1481 713112

Organization Profile

WESTERN WARRIOR RESOURCES INC.

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TRAFALGAR UNIVERSAL LIMITED

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