VANCOUVER, Canada, December 18, 2006, TSX Venture Exchange Trading Symbol: WGP – Western GeoPower Corp., a renewable energy company focused on geothermal energy development, today announced that it has closed a non-brokered private placement announced December 8, 2006 for total proceeds of CDN $2.63 million through the sale of 17,538,334 units at a price of $0.15 per unit. Each unit is comprised of one share and one share purchase warrant exercisable at a price of $0.25 per warrant share until December 30, 2008.

One million dollars of the proceeds from the financing were used to repay the outstanding credit facility, which was due December 15, 2006. The remaining proceeds from the financing will be used to continue the development of Western GeoPower’s planned 25.5 megawatt (net) power plant at the Company’s Unit 15 leasehold at The Geysers Geothermal Field 75 miles north of San Francisco, California, and for working capital.

Corporate Overview

Western GeoPower Corp. is a renewable energy company dedicated to the development of geothermal energy projects for the delivery of clean, base-load electricity generation. The Company holds 100% interests in the South Meager Geothermal Project in British Columbia, Canada and the Unit 15 Steam Field located in The Geysers Geothermal Field in California, United States.

On behalf of Western GeoPower Corp.
“Kenneth MacLeod”
Kenneth MacLeod, President & CEO