Trafalgar Universal Limited announces acquisition of 3,271,143 common shares of Western Warrior Resources Inc.



    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
    THE UNITED STATES/

    ST. PETER PORT, Guernsey, March 24 /CNW/ - Further to disclosure
requirements of applicable securities laws, Trafalgar Universal Limited
("TUL"), announces that it has fully converted the $1,144,900 principal amount
and accrued interest of unsecured convertible promissory notes of Western
Warrior Resources Inc. ("Western Warrior") held by it into 3,271,143 common
shares ("Common Shares") of Western Warrior at a conversion price of
Cdn. $0.35 per share. The 3,271,143 Common Shares acquired by TUL represent
approximately 6.4% of the outstanding Common Shares of Western Warrior.
    Following completion of the acquisition of the 3,271,143 Common Shares of
Western Warrior, TUL held 9,651,940 Common Shares, 3,000,000 common share
purchase warrants ("Series II Warrants") of Western Warrior and 500,000 common
share purchase warrants ("Series I Warrants") of Western Warrior. 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.
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 9,651,940 Common Shares
owned by TUL represent approximately 18.9% 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, 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 3,271,143 Common Shares 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.





For further information:

For further information: 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

Organization Profile

WESTERN WARRIOR RESOURCES INC.

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TRAFALGAR UNIVERSAL LIMITED

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