NEWS RELEASE DATE: DECEMBER 27, 2006 TRADING SYMBOLS: TSX-V (Canada): WGP.V FRANKFURT: WE6.F NOTC: WGEO GRANTING OF INCENTIVE STOCK OPTIONS VANCOUVER, Canada, December 27, 2006, TSX Venture Exchange Trading Symbol: WGP - Western GeoPower Corp., the "Company") announces the granting of 1,850,000 incentive stock options to purchase capital stock of the Company at a price of $0.155 per share for a period of five years under the Stock Option Plan, to its directors, officers, consultants and employees as approved by the Board on December 19, 2006. 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 Cautionary Note Regarding Forward-Looking Statements Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors identified above that reflect the Company's expectations and projections about its future results. The Company has tried whenever possible to identify these forward-looking statements which include but are not limited to, words such as "anticipates," believes," "estimates," "expects," "plans," "intends," "potential," and similar expressions. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. The Company disclaims any obligation or intention to update or to revise any forward-looking statement, whether as a result of new information, future events or otherwise. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. This news release is not for dissemination in the United States of America or to United States of America news services. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. For more information or to be put on our email list, please contact our office: (604) 662-3338 or US/Canada Toll Free: 1-866-662-3322, email: [email protected] Investor Relations: [email protected] --- End of Message --- WKN: 254049; ISIN: CA95827Q1037; ;