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Great Western Minerals Group expands drilling program at Steenkampskraal rare earth site

January 28, 2013

TSX Venture Symbol: GWG             
CUSIP: 39141Y 10 3
OTCQX: GWMGF

SASKATOON, Jan. 28, 2013 /PRNewswire/ – Great Western Minerals Group Ltd.
(“GWMG” or the “Company”, TSX:V – GWG) today announced a 9,400 metre
(65 holes) diamond drilling program at Steenkampskraal where the
Company now has five drill rigs operating onsite.

The objectives of the program located within, and adjacent to, the area
noted in the updated National Instrument 43-101 compliant Mineral
Resource Estimate (see GWMG news release January 21, 2013) include:

        --  Step-out drilling to investigate extension of the Main Monazite
            Zone along strike east and west and down-dip of the known
            mineral resource,
        --  Infill drilling on areas of lower data density in order to
            upgrade Inferred Mineral Resources to the Indicated category,
        --  Detailed infill drilling for mine planning purposes, and
        --  Selected orientated core drilling for geotechnical analyses in
            support of planned underground developments.

In addition to the drilling , GWMG  has initiated exploration activities
on the surrounding Prospecting Right (see GWMG news release August 15, 2012), a 550.5 square kilometer area encompassing Steenkampskraal, and
hosting  historic occurrences of monazite at surface. Current work
includes:

        --  Reconnaissance and prospecting surveys over three known
            occurrences of mineralization, approximately 12 kilometers from
            the historic mine site,
        --  Selection and preparation of 10 channel sample lines crossing
            monazite veins in historic trenches,
        --  Scintillometer ground survey at 10 metre station intervals in
            the vicinity of the exposed monazite occurrences, and
        --  Geologic mapping of the monazite and host rocks.

Brent C. Jellicoe, B.Sc. (Hon.), P.Geo., Director of International
Exploration for GWMG, is the Qualified Person responsible for
supervising the preparation of the technical content of this news
release.

Great Western Minerals Group Ltd. is engaged in becoming an integrated
rare earth producer. 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 Ellesmere Port, U.K. and
Great Western Technologies Inc. in Troy, Michigan, these alloys contain
transition metals including nickel, cobalt, iron 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 controls the Steenkampskraal Monazite Mine. In addition to an
exploration program at Steenkampskraal, GWMG also holds interests in
four 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, risks associated with the uncertainty of resource estimates, in
particular those relating to Inferred resources;  risks relating to
estimating grades, in particular where interpolation is used to
estimate grades; the successful and timely completion of its
preliminary economic assessment at Hoidas Lake; the successful and
timely completion and the results of its preliminary economic
assessment of the Steenkampskraal project; the construction,
commissioning and operation of the proposed monazite processing
facility and separation facility and mine refurbishment activities; 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; 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;
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; 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 Professional Securities Market listing particulars available
at www.sedar.com.

SOURCE Great Western Minerals Group Ltd.


Source: PR Newswire