Western Warrior completes private placement of $1 million equity offering



    CALGARY, Dec. 7 /CNW/ - (TSX Venture: WWR) - Western Warrior
Resources Inc. ("Western Warrior") today announced that it has completed the
private placement to the MineralFields Group of 3,225,804 flow-through units
("Flow-Through Units") of Western Warrior at a price of $0.31 per Flow-Through
Unit for total gross proceeds of $1,000,000. Each Flow-Through Unit of the
company consisted of one flow-through common share and one-half of one common
share purchase warrant of Western Warrior, each whole warrant ("Warrant")
entitling the holder thereof to purchase one common share of Western Warrior
at a price of $0.45 per share on or before December 8, 2008 provided that if
the common shares trade on the TSX Venture Exchange at $0.55 or higher on a
volume weighted average basis over any ten trading day period on or before
December 8, 2008, the company can give written notice to all warrant holders
to accelerate the expiry date of the warrants to 15 calendar days after the
date of such notice.
    Western Warrior intends to use the proceeds from the private placement to
fund the exploration programs on its Ontario properties, with a principal
focus on its Pipestone Project.
    In connection with the private placement, Western Warrior paid Limited
Market Dealer Inc. ("LMD") a due diligence fee of $40,000 and issued LMD
129,032 units ("Finder's Units") of Western Warrior, each Finder's Unit being
comprised of one common share of the company and one-half of one Warrant. In
addition, Western Warrior issued LMD broker warrants to purchase up to 258,064
common shares of the company at a price of $0.31 per share on or before
December 8, 2008.
    All of the securities issued by Western Warrior pursuant to the private
placement are subject to a four-month hold period under Canadian securities
laws and are subject to restrictions on resale prior to April 7, 2008.
    Grant Hall, President of Western Warrior, commented, "We are very pleased
to have completed this private placement to the MineralFields Group as it will
provide our company with the funds to continue with the ongoing exploration of
the Pipestone Project".

    About MineralFields, Pathway and First Canadian Securities (R)

    MineralFields Group (a division of Pathway Asset Management) is a
Toronto-based mining fund with significant assets under administration that
offers its tax-advantaged super flow-through limited partnerships to investors
throughout Canada during most of the calendar year, as well as hard-dollar
resource limited partnerships to investors throughout the world. Pathway Asset
Management also specializes in the manufacturing and distribution of
structured products and mutual funds. Information about MineralFields Group is
available at www.mineralfields.com First Canadian Securities (R) is active in
leading resource financings (both flow-through and hard dollar) on
competitive, effective and service-friendly terms, with investors both within,
and outside of, MineralFields Group.

    About Western Warrior: Western Warrior is a Calgary-based,
multi-commodity, mineral exploration company with 100% ownership of properties
in Northern Manitoba, Northwestern Ontario, and Valdez Alaska, encompassing a
total area of more than 402,700 hectares (4,027 km(2)). Western Warrior's
website address is www.westernwarrior.ca.

    To be added to Western Warrior's private email list, please contact
info@westernwarrior.ca

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.





For further information:

For further information: Western Warrior Resources Inc., Grant Hall,
President, Phone: (403) 543-2595, Fax: (403) 543-2599, Email:
Grant@westernwarrior.ca

Organization Profile

WESTERN WARRIOR RESOURCES INC.

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