Western Financial Group Announces New Locations in Thompson, Manitoba and Lethbridge, Alberta

HIGH RIVER, AB, Jan. 3 2008 – Western Financial Group (the “Company”) announced today that it has closed on additional acquisitions in Alberta and Manitoba. The acquisition of Early Insurance in Thompson, Manitoba and Southern Insurance Management in Lethbridge, Alberta were effective December 1, 2007 and January 1, 2008 respectively.

“We now have a significant presence in two more key locations in western Canada,” said Scott Tannas, President and CEO of Western Financial Group. “Thompson is a thriving community with a large natural resource base including mining and hydro operations, and is the hub for Canada’s eastern Arctic. Lethbridge is one of Alberta’s most important cities, one which has been on our “most desirable” list for a long time,” 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