Great Western Mining Corporation plc
LSE : GWMO

October 29, 2009 10:44 ET

Issue of Equity

29 October 2009

                                     GREAT WESTERN MINING CORPORATION PLC
                                                       
                                                       
                                                       
                                           (the "Company" or "GWMC")
                                                       
                                                       
                                                       
                                                ISSUE OF EQUITY
                                                       
                                                       
                                                       
The  Directors  of the Company announce that between 19 October 2009 and 27 October 2009 the Company  issued  a
total  of 1,501,628 new ordinary shares of €0.01 each (the 'new Ordinary Shares') at a price of £0.14 or €0.165
each,  pursuant to its Open Offer to Shareholders which was initially announced on 4 September 2009 (the  "Open
Offer"), which has now closed. The issue of the new Ordinary Shares has raised a total of £213,262.

The  new  Ordinary Shares will rank pari passu with all existing fully paid Ordinary Shares. The  new  Ordinary
Shares and the existing Ordinary Shares both have one right to vote per share.

The  following  table sets out details of the Directors who purchased new Ordinary Shares via the  Open  Offer,
whose interests need to be disclosed under the Financial Services Authority's Disclosure and Transparency Rules
and the PLUS Rules.

------------------ ------------------ ------------------ ----------------- ------------------- ----------------
Name               Number        of   Percentage    of   Number  of   new   Number        of   Percentage    of
                   Ordinary  Shares   the       voting   Ordinary  Shares   Ordinary  Shares   the       voting
                   with  one voting   rights  in   the   with  one voting   with  one voting   rights  in   the
                   right each  held   issued  ordinary   right       each   right each  held   issued  ordinary
                   prior   to   the   share capital of   purchased    via   following    the   share capital of
                   Open Offer         the      Company   the Open Offer     Open Offer         the      Company
                                      prior   to   the                                         following    the
                                      Open Offer (%)                                           Open Offer (%)
------------------ ------------------ ------------------ ----------------- ------------------- ----------------
Emmett O'Connell   6,201,000          23.18              250,000            6,451,000          22.83
- Chairman and                                                                                 
CEO (including
the Emmett
O'Connell
(Pension Fund)
------------------ ------------------ ------------------ ----------------- ------------------- ----------------
Robert O'Connell   4,900,001          18.32              250,000            5,150,001          18.23
- Operations                                                                                   
Director
------------------ ------------------ ------------------ ----------------- ------------------- ----------------
Melvyn Quiller -   1,500,995          5.61               200,000            1,700,995          6.02
Executive                                                                                      
Director
------------------ ------------------ ------------------ ----------------- ------------------- ----------------
Liam McGrattan -   850,000            3.18               -                  850,000            3.01
Investor
Relations
Director
------------------ ------------------ ------------------ ----------------- ------------------- ----------------
Nial Ring - Non-   850,000            3.18               -                  850,000            3.01
Executive
Independent
Director
------------------ ------------------ ------------------ ----------------- ------------------- ----------------

The above interests relate to legal and beneficial holdings.


After the issue of the new Ordinary Shares, the Company's total issued capital, with voting rights will
be 28,253,628 Ordinary Shares of €0.01 each. There are no warrants or options in issue.


THE DIRECTORS OF THE ISSUER ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT


                                                                 ---ENDS---


CONTACT DETAILS:

Great Western Mining Corporation plc
Emmett O'Connell                                      Tel: +353 51 565844
                                                      Fax: +353 51 565884
                                                      email: emmett@iol.ie

Liam McGratten, Director                              Tel: 087 274 5427

Melvyn Quiller, U.K. Director                         Tel:0771 289 9588

SVS Securities Plc - PLUS Corporate Adviser
Peter Ward / Alexander Brearley                       Tel: 020 7638 5600

SVS Securities Plc - Broker
Ian Callaway / Alexander Mattey                       Tel: 020 7638 5600



ABOUT GREAT WESTERN MINING CORPORATION PLC

1. GWMC is an Irish exploration company with rights over approximately 12 square kilometres of mineral claims
in Nevada U.S.A.

2. GWMC owns 100% interest in all its claims.

3. GWMC's shares are admitted to trading on PLUS-quoted in London, trading symbol GWMO.

4. Web site: www.greatwesternmining.com


Great Western Mining Corporation plc





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