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

Great Western Minerals Group Ltd.

June 21, 2011 16:11 ET

Great Western Minerals Group- Mailing of Annual Information Circular and Proxy Materials

SASKATOON, SASKATCHEWAN--(Marketwire - June 21, 2011) - Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (OTCQX:GWMGF) ("GWMG" or the "Company") has posted its annual information circular and related proxy materials on SEDAR at www.sedar.com and has received an order from the Saskatchewan Financial Services Commission abridging the timeline for delivery of related printed materials (the "Meeting Materials").

Due to the strike commenced by the Canadian Union of Postal Workers and disruption of postal services in Canada, GWMG anticipates there may be a delay in the delivery of the printed Meeting Materials to GWMG shareholders and the ability of GWMG shareholders to deposit their proxies in a timely fashion. Accordingly, Shareholders are reminded that the Meeting Materials are available electronically on SEDAR at www.sedar.com under the Company's profile and proxies and voting instruction forms may be submitted by fax as described in the Meeting Materials.

To arrange for delivery of the Meeting Materials by electronic mail or fax at no charge to such shareholder, a registered shareholder or a non-objecting beneficial owner of GWMG shares may contact either Computershare Trust Company of Canada by telephone at (416) 263-9200 or by fax at (866) 249-7775 (within North America) or (416) 263-9524 (outside North America); or the Company's Manager of Investor Relations by email at info@gwmg.ca, by telephone at (306) 659-4500 or by fax at (306) 659-4501. Objecting beneficial owners of GWMG shares may contact their broker, nominee or other intermediary to arrange for delivery of the Meeting Materials.

The Company's annual general and special meeting (the "Meeting") is scheduled to be held on Tuesday, July 12, 2011 at the Sheraton Cavalier, Top of the Inn, 612 Spadina Crescent East, Saskatoon, Saskatchewan, at 10 a.m. and the record date for shareholders entitled to vote at the meeting is June 3, 2011. At the Meeting, as more particularly described in the Meeting Materials, shareholders will be asked to vote with respect to:

  1. The appointment of KPMG LLP as auditors of the Company;
  2. The election to the board of directors of all nominees listed in the Company's information circular;
  3. The approval of the Company's stock option plan, as amended
  4. The continuation of the Company's shareholders' rights plan.

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 has signed an Off-take Agreement for 100% of the Rare Earth Elements to be produced at the former producing Steenkampskraal Mine in South Africa and holds 93.1% equity ownership in Rare Earth Extraction Co. Limited, the owner of the Steenkampskraal Mine. In addition to a planned exploration program at Steenkampskraal, GWMG also holds interests in five 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.

GWG CUSIP: 39141Y 10 3

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Great Western Minerals Group Ltd.
    Dwight Percy
    Manager of Investor Relations
    (306) 659-4500
    info@gwmg.ca
    www.gwmg.ca

    Great Western Minerals Group Ltd.
    219 Robin Crescent
    Saskatoon, SK S7L 6M8