WESTERN WATER COMPANY ANNOUNCES RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2003

Point Richmond, California (November 14, 2004) -- Western Water Company (OTCBB: WWTR) announced its results for the quarter ended December 31, 2003. The Company also filed with the SEC its quarterly report on Form 10-Q. The Company’s Form 10-Q is available on its website, www.wwtr.com.

The Company reported a net loss applicable to common stockholders for the quarter ended December 31, 2003 of $(888,789), or $(0.11) per basic and diluted share, compared to net income applicable to common stockholders for the quarter ended December 31, 2002 of $92,299, or $0.01 per basic and diluted share. For the nine months ended December 31, 2003, the Company reported a net loss applicable to common stockholders of $(2,542,295), or $(0.32) per common share versus a net loss applicable to common stockholders of $(1,749,351) or $(0.22) per common share for the nine months of the prior year. The recent quarter’s results reflected a substantial reduction in revenue and cost of revenue related to the expiration in September, 2003 of the water lease/sale arrangement with the City of Inglewood which had contributed to the Company’s water sale revenues and related cost of revenue in the quarter ended December 31, 2002.

During the recent quarter, the Company’s general and administrative expenses were higher by $92,209 than in the comparable quarter of the prior year, primarily due to termination costs for employees whose positions were eliminated and to increased legal expenses, which were all partially offset by a reduction in base employee compensation and other expenses as a result of the Company’s efforts to reduce expenditures. The Company’s gain on disposition of assets during the quarter declined by $756,088 from the year earlier period. The Company also reported that stockholders’ equity at December 31, 2003 was a deficit of $(486,680) compared to stockholders’ equity of $2,055,615 at March 31, 2003.

Commenting on the results, the Chairman, President, CEO, and CFO of the Company, Michael Patrick George, said, “Based on the Company’s deteriorating cash position and business prospects, the Company decided not to declare recent dividends on its Series C Preferred Stock. As a result of the decision to retain liquidity by not paying those dividends, and as previously reported, the Company expects that a majority of its directors will resign in favor of nominees of the holders of the Series C Preferred Stock prior to the end of the current fiscal year. The Company cannot currently predict what direction the new majority on the Board of Directors may take. While the Company’s Cherry Creek Project is still in development, near-term cash to fund on-going operations is dependent primarily upon the sale of the Company’s assets in California.”

Contact:

Michael Patrick George

(510) 234-7400

Statements contained in this release which are not historical facts are forward looking statements that involve risks and uncertainties that could cause actual results or future events to differ from those contained herein. Factors that could cause actual results or events to differ are detailed in the Company's Securities and Exchange Commission filings.