The K2 Principal Fund L.P. acquires common shares of Western Prospector Group Ltd

    TORONTO, April 16 /CNW/ - The K2 Principal Fund L.P. ("K2") announced
that it has acquired common shares of Western Prospector Group Ltd (Western
Prospector). As a result of the acquisition of such shares, K2 owns 4,912,700
common shares, representing approximately 9.05% of the issued and outstanding
common shares of Western Prospector.
    The common shares were purchased by K2 in the open market on the Toronto
Stock Exchange. K2 acquired the securities for investment purposes only and
may, depending on market and other conditions, increase or decrease its
beneficial ownership, control or direction over, or exercise its current
rights to acquire, common shares or other securities of Western Prospector
through market transactions, private agreements or otherwise.

    %SEDAR: 00013097E

For further information:

For further information: Dan Gosselin, The K2 Principal Fund L.P., (416)

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