NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER THE UNITED STATES NEWSWIRE
SERVICES.


Western Pacific Trust Company (TSX VENTURE:WP) (the "Company" or "Western
Pacific") is pleased to announce that it has closed a private placement (the
"Offering") of 5,000 Series I Preferred Shares at a price of $10 per share for
gross proceeds of $50,000. The Company intends to use the proceeds of the
Offering to fund general working capital purposes. All of the Shares issued
pursuant to this Offering were issued to insiders of the Company. As the Series
I Preferred Shares are non-voting and are not convertible into listed shares of
the Company, participation by insiders of the Company in the Offering is not
expected to increase such insiders' control over the voting securities of the
Company.


The Series I Preferred Shares are subject to special rights and restrictions in
addition to those assigned to all preferred shares, which include the right of
the holder to receive quarterly non-cumulative dividends at a fixed rate of 5%
per annum of the Redemption Amount, the right of the Company to redeem the
Series I Preferred Shares at any time after the third anniversary of the date of
issue of the Series I Preferred Shares and the right of the holder to require
the Company to redeem the Series I Preferred Shares at any time after the third
anniversary of the date of issue of the Series I Preferred Shares unless the
Company defaults on its obligation to pay dividends to the holder, in which case
the holder's right of retraction will become exercisable upon such default.
Holders of Series I Preferred Shares are not entitled to receive notice of,
attend or vote at any general meeting of the shareholders of the Company. The
Series I Preferred Shares may not be sold, transferred or otherwise disposed of
without the consent of the board of directors of the Company, and the board of
directors is not required to give any reason for refusing to consent to any such
sale, transfer of other disposition. The Series I Preferred Shares are not
listed for trading on the TSX Venture Exchange or on any other stock exchange or
quotation board and are not convertible into listed shares of the Company.


All of the securities to be issued by the Company in connection with this
Offering will be subject to a hold period, which expires four months and a day
after the Closing Date.


The closing of the Offering is subject to approval from the TSXV.

This news release is not an offer of Shares for sale in the Unites States. The
Shares have not been and will not be registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sole in the United States absent
registration or an applicable exemption from registration. This press release
shall not constitute an offer to sell or solicitation of an offer to buy nor
shall there by any sale of the above described securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful.


About Western Pacific Trust Company

Western Pacific Trust Company is a non-deposit taking financial institution.
Western Pacific is licensed under the Financial Institutions Act in British
Columbia, and is also registered extra-provincially in Alberta, as a non-deposit
taking Trust Company.


On Behalf of the Board,

WESTERN PACIFIC TRUST COMPANY

John de Wit, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Western Pacific Trust Company
Alison Alfer
Vice-President, Operations
(604) 683-0455
(604) 669-6978 (FAX)

Western Pacific (TSXV:WP)
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