Western Financial Group Announces Additional Acquisitions in British Columbia and Alberta

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HIGH RIVER, AB, Aug. 7 2007 – Western Financial Group Inc. (“the Company”) announced today that it has completed the acquisition of Blonde & Blonde in Kelowna, BC; Baxter Agencies, formerly a Trans West Insurance office in Lac La Biche, AB; and Nielsen & Wolfe Agencies in Morrin, AB.

“We are pleased to be able to add the growing Alberta communities of Morrin and Lac La Biche to our network,” said Scott Tannas, President and CEO of Western Financial Group. “We are also very proud to welcome the expert employees of Blonde & Blonde, who have established themselves as leaders in commercial insurance. They strengthen our relationships with key markets and bring commercial programs which will significantly add to our market presence in Kelowna,” he said.

Western Financial Group is a leader in providing insurance, financial services and banking services in over 80 communities, to more than 400,000 individuals and businesses in Western Canada through its WFG Agency Network locations, its affiliated insurance brokers, Western Life Assurance Company and Bank West.

The Common Shares of Western Financial Group are traded on the Toronto Stock Exchange under the symbol “WES”. www.westernfinancialgroup.net