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Great Western Minerals Group announces management appointments at Steenkampskraal rare earth project

October 9, 2012

TSX Venture Symbol: GWG             
OTCQX: GWMGF

CUSIP: 39141Y 10 3

SASKATOON, Oct. 9, 2012 /PRNewswire/ – Great Western Minerals Group Ltd.
(“GWMG” or the “Company”, TSX:V – GWG) is pleased to announce
management appointments that will play a key role in the Company’s
continued progress at its Steenkampskraal rare earth project in South
Africa.

Victor Fitzmaurice is appointed to the position of Operations General
Manager with GWMG’s wholly owned subsidiary, Rare Earth Extraction Co.
Limited (“Rareco”). Reporting directly to the Chief Executive Officer
of Rareco, Mr. Fitzmaurice is responsible for all development stages in
moving Steenkampskraal toward production. He will then assume overall
responsibility for day-to-day management of the rare earth mining,
chloride production and separation operations located at and near
Steenkampskraal.

Mr. Fitzmaurice is a Professional Engineer, holds a B.Sc. in Engineering
(Mining) along with a Graduate Diploma in Engineering (Mining,
Engineering and Mineral Economics) from the University of
Witwatersrand, and is currently working toward a M.Sc. in Mining
Engineering. He is a member of the Engineering Council of South Africa,
the South African Institute of Mining and Metallurgy and the
Association of Mine Managers of South Africa. His significant
experience in senior mining positions throughout Africa, Europe and
Asia has been with companies that include Gulf Mining and Exploration,
AIM Resources Africa and De Beers.

Andreas Muntingh is appointed to the position of Mine Geologist where he
is responsible for executing all geology related development,
production and exploration activities at the Steenkampskraal mine site.
Reporting directly to the Steenkampskraal Mine Manager, Mr. Muntingh
will also assist in the design, implementation and execution of the
Steenkampskraal regional exploration project.

Mr. Muntingh holds a B.Sc. (Hons.) in Geology from the University of
Stellenbosch and a Masters of Business Administration from North-West
University. His experience in exploration and mining geology has been
gained in Australia and South Africa. Proficient in Afrikaans and
English, he has previously worked in senior geological positions with
companies that include Platinum Australia, Energem Resources and Trans
Hex Operations.

Interim President and Chief Executive Officer Robert Quinn said, “The
ability of GWMG to attract such high calibre management personnel to
lead and manage our Steenkampskraal operation speaks very favorably
about the potential of our project. Mr. Fitzmaurice and Mr. Muntingh
are welcome additions to our Steenkampskraal team and we look forward
to their significant contribution to the success of GWMG as it
continues to execute its corporate goal of being a fully integrated
rare earth producer.”

Great Western Minerals Group Ltd. is an integrated rare earth processor.
Its specialty alloys are used in the magnet, battery, defense 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
aluminum, 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 South Africa. In addition to an
exploration program at Steenkampskraal, GWMG also holds interests in
four active rare earth exploration and development properties in North
America.

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.

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 successful and timely completion of its preliminary economic
assessment at Hoidas Lake; the successful and timely completion of its
preliminary economic assessment and its results, the construction,
commissioning and operation of the proposed monazite processing
facility and separation facility, mine refurbishment activities,
reliance on third parties to meet projected timelines and commencement
of production at Steenkampskraal; risks related to the receipt of all
required approvals including those relating to the commencement of
production at the Steenkampskraal mine, delays in obtaining permits,
licenses and operating authorities in Canada, South Africa and China,
environmental matters, water and land use risks; 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; uncertainty of estimates and projections of production,
costs and expenses; risks that future Hoidas Lake or Steenkampskraal
and region exploration results may not meet exploration or corporate
objectives; the adequacy of the Company’s financial resources and the
availability of additional cash from operations or from financing on
reasonable terms or at all; political risks inherent in South Africa
and China; risks associated with the relationship between GWMG and/or
its subsidiaries and communities and governments in Canada and South
Africa, radioactivity and related issues, dependence on one mineral
project; loss of, and the inability to attract, key personnel; the
factors discussed in the Company’s public disclosure record; and other
factors that could cause actions, events or results not to be as
anticipated. 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. Except as required by law, GWMG does not assume any obligation
to update forward looking statements as set out in this news release.
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 annual information form available at www.sedar.com.

SOURCE Great Western Minerals Group Ltd.


Source: PR Newswire