Universal Completes Acquisition of Block 2815 Off-Shore, Namibia

VANCOUVER, BRITISH COLUMBIA -- 12/31/09 -- Universal Power Corp. (TSX VENTURE: UNX)(FRANKFURT: 3U2A) (the "Company") announced today that it has completed the purchase of an additional 60% interest in Petroleum Exploration Licence ("EL") 2815 off-shore Namibia subject to TSX Venture Exchange ("TSX-V") approval.

Upon completion of this transaction, the Company now controls 90% of the issued and outstanding common shares of Namibia Industrial Development Group (Pty) Ltd, ("NIDG"). NIDG has the oil and gas exploration licence to explore block number 2815 and the off-shore portions of blocks 2816 and 2915 Namibia, Africa.

About Block 2815

EL 2815 covers an area of about 10,858 square kilometers situated directly east of the proven Kudu Gas Field and slightly north of the Orange Basin, offshore Namibia. The block is located along the Namibian border with South Africa where there is a large market for natural gas and the planned development of a natural gas processing plant. Historical work on block 2815 includes a modern seismic survey over approximately 50% of the block. The Company is currently evaluating the existing data and work towards attracting third parties to participate in drilling.

Terms

Pursuant to the terms of the Letter of Intent dated July 07, 2009 the Company has acquired from Limpet Investments (Proprietary) Limited ("Limpet") 60% of the issued and outstanding common shares of NIDG which currently holds the licence to explore Block 2815. As consideration for the 60% of NIDG, the Company has paid Limpet US $1,000,000 and will issue 3,000,000 common shares of the Company at a deemed price of $.58 per share. Shares issued will be subject to a four month hold period. Universal now controls 90% of NIDG through its 100% controlled subsidiary Cumoxi Investments (Pty) Ltd.

About Universal Power Corp.

Universal Power Corp. (www.universalpowercorp.com) is an independent oil and gas exploration and development company with broad based Black Economic Empowerment partnerships, trading its common shares publicly on Canadian and German exchanges. The company currently holds interests in 6 Blocks of offshore concessions covering over 32,000 sq km in Namibia, West Africa.

ON BEHALF OF THE BOARD OF DIRECTORS

Barry Swanson, Director & CEO

This news release contains certain forward-looking statements that reflect the current views and/or expectations of Universal Power Corp. with respect to its performance, business and future events. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, those relating to changes in the market, potential downturns in economic conditions, foreign exchange fluctuations, changes in business strategy, regulatory requirements, demand for our resources, competition and dependence on key personnel. These risks, as well as others, could cause actual results and events to vary significantly. Universal Power Corp. does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements.

Shares Outstanding: 75,934,546

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.

Contacts:
Universal Power Corp.
Barry Swanson
Director & CEO
(778) 997-4925
Email: barry@universalpowercorp.ca

Source:earthtimes.org/

Namibia win three medals at PSI Tourney

Namibia’s junior hockey players excelled at the annual National Pro Series Indoor Tournament in South Africa in December, winning three medals against South Africa’s top provincial teams. Namibia’s Under 15 girls’ team won a gold medal, Namibia’s Under 13 girls’ team won a silver medal and Namibia’s Under 17 boys’ team won a bronze medal.

Namibia also won several individual prizes as Jocelle Deysel won the Player of the Series award in the Girls U15 category, Sune Wittmann won the Goalkeeper of the Series award for U15 girls and DJ Strauss won the goalkeeper of the tournament award in the Boys Under 17 category. Marcia Venter and Mari van Lill won sportsmanship awards in the girls under 17 and under 13 categories.

Namibia dominated the Under 15 girls’ category, winning all nine their matches on the way to the final. In the final they convincingly beat Western Province Cape Seals to win the gold medal. Namibia’s Under 15 girls side was coached by Shayne Cormack.

Namibia’s Under 13 girls’ side competed against seven other teams and made it to the final where they narrowly lost 5-4 to the Cape Peninsula Sharks team, to claim the silver medal. The Namibian team was coached by Bianca Rehder.
Namibia’s Under 17 boys team competed against seven other teams and reached the semifinals where they lost to the Cape Seals. In the third place play off match Namibia beat the Gauteng Grypons 7-4 to win the bronze medal. The Namibian team was coached by Bucko Bartlett.

Namibia’s Under 13 boys team, which was coached by Jaco Fourie, finished sixth out of ten teams, while Namibia’s Under 15 boys team, which was coached by Randy Slabbert, finished sixth out of nine teams.

Namibia’s Under 17 girls’ team, which was coached by Ruben Engels finished third in their pool and narrowly missed out on a place in the final after losing their semifinal 5-4 to the Gauteng Grypons. They also lost their third place playoff match to lose out on a medal

Source:namibiasport.com.na/

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Namibia Twitter

Namibia, officially the Republic of Namibia, is a country in Southern Africa whose western border is the Atlantic Ocean. It shares borders with Angola and Zambia to the north, Botswana and Zimbabwe to the east, and South Africa to the south and east. It gained independence from South Africa on 21 March 1990 following the Namibian War of Independence. Its capital and largest city is Windhoek (German: Windhuk).

Namibia is a member state of the United Nations (UN), the Southern African Development Community (SADC), the African Union (AU), the Commonwealth of Nations and many other international organisations. It has been given many names: the land of contrasts, the land God made in anger, the ageless land. For many years it was known only as South West Africa, but it adopted the name Namibia, after the Namib Desert. It is the second most sparsely populated country in the world, after Mongolia.

The dry lands of Namibia were inhabited since early times by Bushmen, Damara, Namaqua, and since about the 14th century AD, by immigrating Bantu who came with the Bantu expansion. It was visited by the British and Dutch missionaries during the late 18th century, but became a German protectorate in 1884. In 1920, the League of Nations mandated the country to South Africa, which imposed their laws and apartheid policy.

In 1966, uprisings and demands by African leaders led the United Nations to assume direct responsibility over the territory, changing the name to Namibia in 1968 and recognizing South West Africa People’s Organization (SWAPO) as official representative of the Namibian people in 1973. Namibia, however, remained under South African administration during this time. Following internal violence, South Africa installed an interim administration in Namibia in 1985. Namibia obtained full independence from South Africa in 1990 (with the exception of Walvis Bay - a city that remained under South African control until 1994)

Namibia has a population of 1.8 million people and a stable multiparty parliamentary democracy. Agriculture, herding, tourism and mining of precious stones and metals form the backbone of Namibia's economy. Approximately half the population live below the international poverty line of U.S.$1.25 a day, and the nation has suffered heavily from the effects of HIV/AIDS, with 15% of the adult population infected with HIV in 200