EARLY WARNING REPORT

1. Name and address of Offeror

Amalgamated International Holdings SA (“AIH” or the “Offeror”)

Charlotte House

Shirley Street

N-7529

Nassau, Bahamas

2. Name of Issuer

Western GeoPower Corp.

3. Designation, number (or principal amount) and percentage of securities acquired (ownership of or control over) by Offerer

The Offeror acquired control and direction over 25,995,543 common share purchase warrants of the Issuer. Each warrant is exercisable for one common shares of the Issuer at a price of C$0.14 per share for a period of 24 months.

4. Designation, number (or principal amount) and percentage of securities in respect of which the Offeror has ownership of and control over immediately after the acquisition

Upon completion of the acquisition, the Offeror had ownership of or control over a total of 40,810,358 common share purchase warrants, 14,814,815 of which are exercisable at a price of C$0.18 per share and 25,995,543 of which are exercisable at a price of C$0.14 per share. If all of the warrants are exercised, the Offeror will have ownership of or control over 40,810,358 common shares of the Issuer representing 17.47% of the Issuer’s currently outstanding common shares.

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