Amalgamated International Holdings SA acquires warrants of Western GeoPower Corp.

    NASSAU, Bahamas, Jan. 30 /CNW/ - Amalgamated International Holdings SA
("AIH") has acquired control and direction over warrants to purchase
25,995,543 common shares of Western GeoPower Corp. exercisable at C$0.14 per
share for a period of 24 months. AIH now has control and direction over a
total of 40,810,358 common share purchase warrants, 14,814,815 of which are
exercisable at a price of C$0.18 per share and 25,995,543 of which are
exercisable at a price of C$0.14 per share. If all of the warrants are
exercised, AIH will have ownership of or control over 40,810,358 common shares
of Western GeoPower representing 17.47% of Western GeoPower's currently
outstanding common shares.
    The common share purchase warrants were acquired as a bonus for making a
loan to Western GeoPower and are being held for investment purposes. An Early
Warning Report has been filed with applicable securities regulatory
authorities in Canada in respect of the acquisition. Copies of the report may
be obtained from SEDAR ( or without charge from AIH.

For further information:

For further information: Kizzia Hanchell, Phone No.: (242) 362-5997

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