Universal Partners With HRT Petroleum and Arranges Financing

VANCOUVER, BRITISH COLUMBIA, Jul 07 (MARKET WIRE) --
Universal Power Corp. (TSX VENTURE: UNX) (FRANKFURT: 3U2A) (the
"Company") or ("Universal") is pleased to announce that it has retained
HRT Petroleum of Brazil ("HRT") to conduct technical analysis on two of
Universal's blocks offshore Namibia.

Under the agreement, HRT will collect and analyze all existing and
historical data for Blocks 2713A and 2815 and will source potential farm
in partners. Block 2713A is owned by Universal's 90% controlled
subsidiary Kunene Energy (Pty) Ltd. Universal currently has a 30% carried
interest in Block 2815 through Cumoxi Investments (Pty) Ltd., a 100%
owned subsidiary.

Block 2713A is located next to Block 2714A owned by Enigma Oil & Gas
(Pty) Ltd. In May of 2009, Petroleo Brasileiro S.A. ("Petrobras"), signed
a Farm-in agreement for a 50% interest in Block 2714A. The terms were US
$16 million cash plus reimbursement of past costs including 3D seismic.
The technical work and data room for this project was managed by HRT.

Barry Swanson, Chief Executive Officer of the Company stated "This
association with HRT Petroleum represents yet another milestone in the
development of our Company. HRT works with the largest and most advanced
off-shore oil and gas companies in the world. We are privileged that they
have chosen to work with Universal in Namibia. This is a tremendous
opportunity and I expect the beginning of a very successful partnership.
In addition, the fact that Petrobras is active in our area is
confirmation of our business thesis".

Dr. Marcio Rocha Mello, President of HRT stated "After having worked
extensively in Namibia for the last three years, it is an honor for HRT
to have this association with Universal where HRT intends to apply its
unique proprietary petroleum system technology in order to understand and
quantify all the elements and processes of the petroleum system that are
essential to identify and characterize the hydrocarbon potential in the
Universal exploratory Blocks 2713A and 2815, offshore Namibia. The
special location of both blocks closely associated with the Kudu field
and directly related to two very important oil and gas hydrocarbon
kitchens, located in the South and Western portions of the basin, gives
the area a very special geological situation regarding the charge of oil
and gas over the structures already envisaged. Based on the current and
historical data already analyzed, I am very confident about the oil and
gas potential on these blocks."

Terms of Agreement

There are two components to the agreement. Under part one of the
agreement, HRT will provide a technical and economic data package for
Blocks 2713A and 2815. This will include, among others, oil slick
satellite identification, seismic reprocessing and interpretation, 3D
compositional petroleum system modeling, kudu condensate high resolution
geochemistry characterization, reservoir geology (e.g. petrology and
bioestratigraphy) and geochemistry using selected rock samples from
already drilled adjacent wells, leads and prospect identification,
definition and quantification of prospective resources, risk evaluation
and predictive analysis of oil and gas quality. The price of this
agreement is US $2,728,750 plus taxes and will be paid in cash with a US
$300,000 deposit on signing. Under part two of the agreement, HRT will
provide a data room at its office in Rio de Janeiro, following the work
under part one of the agreements. The purpose of the data room will be to
review the data packages with potential farm-in partners. The price of
this agreement is US $1,500,000 and only payable on a successful farm-in
assignment. The consideration for the US $1,500,000 will be in common
shares of the Company and the share price will be the market value on the
day of successful farm-in assignment. Shares issued will be subject to a
four month hold period.

About HRT Petroleum

HRT Petroleum is considered the leading integrated geological,
geochemical and geophysical service company in Latin America and West
Africa. It possess a proprietary expertise in harnessing science and high
resolution technology to bring to its clients a series of exploration
tools unique in the evaluation and quantification of oil and gas
prospective resources and also to assess and quantify exploration risk.
HRT has the largest and most successful independent team of petroleum
basin modelling geoscientists in the whole South Atlantic realm, with the
most complete geological, geochemical and geophysical database.

Financing

The Company has arranged a non brokered financing for up to $4,000,000
through the issuance of up to 8,000,000 common shares at a price of $.50
per share. There is no warrant attached to this financing and the shares
will be subject to a four month hold period. A 3% finder's fee is payable
in cash and the net proceeds will be used for satisfying the cash outlay
for the HRT Services Agreement and general working purposes. This private
placement is subject to regulatory approval.

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, and changes in business strategy, regulatory requirements,
and 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: 58,166,671

The TSX Venture Exchange has not
reviewed and does not accept responsibility of the adequacy or accuracy
of this news release.

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

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