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Western Financial Group First Quarter 2008 Results and Conference Call

High River, Alberta – May 5, 2008 (TSX – WES) – Western Financial Group Inc. (“the Company”) will release its first quarter 2008 results on Wednesday, May 7, 2008 and hold its quarterly conference call on Friday, May 9, 2008 at 11:00 am Mountain time (1:00 pm Eastern time).

To participate in the live conference call, please dial either (416) 644-3432 or (866) 250-4909. A replay of the call will be available from Friday, May 7, 2008 at 1:00 PM MT until Friday, May 23, 2008 at 11:59 PM MT. To access the replay please dial either (416) 640-1917 or (877) 289-8525 and enter the passcode 21271529 followed by the pound sign. The conference will also be broadcast live over the internet and archived through the Company's website at www.westernfinancialgroup.ca.

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”.

This press release is not for distribution to any United States news service or otherwise in the United States.

For further information, please contact:
Arlene Beggs, Assistant to the President
Western Financial Group