Western Warrior completes private placement of $1.5 million equity offering

    CALGARY, Feb. 26 /CNW/ - (TSX Venture: WWR) - Western Warrior Resources
Inc. ("Western Warrior") today announced that it has completed the private
placement of 6,000,000 units ("Units") of Western Warrior at a price of $0.25
per Unit for total gross proceeds of $1,500,000, subject to receipt of final
approval from the TSX Venture Exchange. Each Unit of the company consisted of
one common share and one common share purchase warrant of Western Warrior,
each whole warrant entitling the holder thereof to purchase one common share
of Western Warrior at a price of $0.35 per share on or before February 29,
2009 provided that if the common shares trade on the TSX Venture Exchange at
$1.25 or higher on a volume weighted average basis over any 20 trading day
period on or before February 29, 2009, 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, as well as for general working capital
    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 June 27, 2008.

    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

    This press release contains forward-looking statements which are based on
Western Warrior's current internal expectations, which may prove to be
incorrect. These statements are not a guarantee of future performance and
undue reliance should not be placed on them. Such forward-looking statements
necessarily involve known and unknown risks and uncertainties that are common
to junior mineral exploration companies. These risks and uncertainties
include, among other things, Western Warrior's need for additional funding to
continue its exploration efforts, changes in general economic, market and
business conditions; and competition for, among other things, capital and
skilled personnel. Western Warrior undertakes no obligation to update or
revise any forward-looking statements except as required by applicable
securities laws.

    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:

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