Great Western Minerals Group Ltd.
TSX VENTURE : GWG
OTCQX : GWMGF

Great Western Minerals Group Ltd.

August 11, 2011 08:00 ET

Great Western Minerals Group Appoints Director of International Exploration to Rare Earth Team

SASKATOON, SASKATCHEWAN--(Marketwire - Aug. 11, 2011) -

Great Western Minerals Group (TSX VENTURE:GWG) (OTCQX:GWMGF) ("GWMG" or the "Company") is pleased to announce that it has appointed Brent Jellicoe to the position of Director of International Exploration.

Mr. Jellicoe's primary responsibility is to manage the exploration program at GWMG's Steenkampskraal rare earth project in South Africa. In addition, he has been assigned to locate and evaluate new rare earth projects on a global basis.

With a diverse background that includes exploration in the gold, diamond, uranium and industrial metals sectors, and having worked in Guyana, Brazil, Russia, and South Africa, he is highly qualified to contribute in a significant manner to GWMG's plans to be a global rare earth production company.

Mr. Jellicoe's exploration experience spans 19 years with companies that include Mammoth Minerals, Takara Resources, De Beers, Vaaldiam Resources, Great Western Diamonds, Kensington Resources, and Uranerz Exploration and Mining. He holds a B.Sc. (Hon.) in Geology from the University of Saskatchewan and is a member of several professional organizations including the Association of Professional Engineers and Geoscientists of Saskatchewan (P.Geo.) and the Geological Association of Canada.

GWMG President and Chief Executive Officer Jim Engdahl said, "The addition of Brent Jellicoe to our team enables us to continue to execute our Steenkampskraal exploration project on schedule and bring our historical Steenkampskraal data into NI 43-101 compliance as quickly as possible. He will also assess opportunities for additional long term rare earth feedstock supply to satisfy the growing demand for our alloys."

Great Western Minerals Group Ltd. is an integrated Rare Earths processor. Its specialty alloys are used in the battery, magnet and aerospace industries. Produced at the Company's wholly owned subsidiaries Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Michigan, these alloys contain aluminium, nickel, cobalt and Rare Earth Elements. As part of the Company's vertical integration strategy, GWMG also holds 100% equity ownership in Rare Earth Extraction Co. Limited, which owns a 74% equity interest in the Steenkampskraal Mine. In addition to a planned exploration program at Steenkampskraal, GWMG also holds interests in six Rare Earth exploration and development properties in North America.

Certain information set out in this News Release constitutes forward-looking information. Forward-looking statements (often, but not always, identified by the use of words such as "expect", "may", "could", "anticipate" or "will" and similar expressions) may describe expectations, opinions or guidance that are not statements of fact and which may be based upon information provided by third parties. Forward-looking statements are based upon the opinions, expectations and estimates of management of GWMG as at the date the statements are made and are subject to a variety of known and unknown risks and uncertainties and other factors that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. Those factors include, but are not limited to, the results of the exploration program, a resource estimate and commencement of production at Steenkampskraal, satisfaction of the conditions precedent with respect to GWMG's offtake agreement, receipt of all required approvals (including those relating to the commencement of production at the Steenkampskraal mine) and risks, uncertainties and other factors that are beyond the control of GWMG, risks associated with the industry in general, commodity prices and exchange rate changes, operational risks associated with exploration, development and production operations, delays or changes in plans, risks associated with the uncertainty of reserve or resource estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. In light of the risks and uncertainties associated with forward-looking statements, readers are cautioned not to place undue reliance upon forward-looking information. Although GWMG believes that the expectations reflected in the forward-looking statements set out in this press release or incorporated herein by reference are reasonable, it can give no assurance that such expectations will prove to have been correct. The forward-looking statements of GWMG contained in this News Release, or incorporated herein by reference, are expressly qualified, in their entirety, by this cautionary statement and the risk factors contained in GWMG's current annual information form available at www.sedar.com.

CUSIP: 39141Y 10 3

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Contact Information

  • Great Western Minerals Group Ltd.
    Dwight Percy
    Manager of Investor Relations
    (306) 659-4500

    Great Western Minerals Group Ltd.
    219 Robin Crescent
    Saskatoon, SK S7L 6M8
    info@gwmg.ca
    www.gwmg.ca