Great Western Minerals Group Ltd.

Great Western Minerals Group Ltd.

November 18, 2008 20:00 ET

Great Western Minerals Group Ltd.: Options Granted

SASKATOON, SASKATCHEWAN--(Marketwire - Nov. 18, 2008) - Great Western Minerals Group (TSX VENTURE:GWG) (PINK SHEETS:GWMGF) reports that, subject to regulatory approval, it has granted to officers, employees and consultants an aggregate of 3,675,000 options to acquire common shares of the Company. The options are exercisable into common shares of Great Western Minerals Group Ltd. at a price of $0.20 per share for a period of five years from the date of grant.

Great Western Minerals Group Ltd. is a Canadian-based company exploring for, and developing, strategic metal resources in North America. Pursuing a vertically-integrated business model, the Company's wholly-owned subsidiaries of Less Common Metals Limited located in Birkenhead UK, and Great Western Technologies Inc., located in Troy, Michigan, produces a variety of specialty alloys for use in the battery, magnet and aerospace industries. These "designer" alloys include those containing copper, nickel, cobalt and the rare earth elements.

Jim Engdahl, President

CUSIP: 39141Y 10 3

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the foregoing contents.

Contact Information

  • Great Western Minerals Group Ltd.
    Ron Malashewski
    Manager of Investor Relations
    (306) 659-4500
    Great Western Minerals Group Ltd.
    226 Cardinal Crescent
    Saskatoon, SK S7L 6H8