Great Western Minerals Group Ltd.
TSX VENTURE : GWG
PINK SHEETS : GWMGF

Great Western Minerals Group Ltd.

November 02, 2007 12:31 ET

Great Western Minerals Group Welcomes Audrey McMillan as New Chief Financial Officer

SASKATOON, SASKATCHEWAN--(Marketwire - Nov. 2, 2007) - Great Western Minerals Group Ltd. ("GWMG" or "the Company") (TSX VENTURE:GWG) (PINK SHEETS:GWMGF) is pleased to welcome Audrey McMillan CA, as the Company's new Chief Financial Officer. Ms. McMillan will assume the duties of CFO from Gary Billingsley who will remain in his role as Executive Chairman and will focus more attention on technical project management and the growth of the company.

Ms. McMillan is a Chartered Accountant with a wide range of corporate experience, most notably in the oil and gas sector with two international, NYSE-listed corporations. Her most recent experience included responsibility for all aspects of financial reporting, budgeting, human resources, payroll, tax and contract administration within those corporations.

Reporting to the President and CEO, Ms. McMillan will work closely with the Corporate Controller and her staff in designing, implementing and maintaining the appropriate financial recording and reporting systems required of a public company. Ms. McMillan will also play a major role in the strategic planning necessary to direct the growth of the Company and its wholly-owned subsidiary, Great Western Technologies Inc. ("GWTI"), as the global rare earth industry recognizes the potential for GWMG and GTWI.

Jim Engdahl, President and CEO of Great Western Minerals Group said, "We are pleased to welcome Audrey as an important addition to our executive team. Her diversified background and experience in all aspects of corporate finance, administration, and mergers and acquisitions will be essential to our growth as we gain more attention globally. With the many new developments within Great Western Minerals and Great Western Technologies, and our increased global recognition in the rare earth sector, Gary can now work more closely with our technical team to move our projects forward. We continue to look forward to many exciting developments ahead."

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 subsidiary 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 does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Great Western Minerals Group Ltd.
    Ron Malashewski
    Manager of Investor Relations
    (306) 668-0701
    or
    Great Western Minerals Group Ltd.
    226 Cardinal Crescent
    Saskatoon, SK S7L 6H8
    Email: info@gwmg.ca
    Website: www.gwmg.ca