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Great Western Minerals Group announces Steenkampsteenkkraal rare earth project management changes

March 5, 2013

TSX Venture Symbol: GWG
CUSIP: 39141Y 10 3

OTCQX: GWMGF

SASKATOON, March 5, 2013 /PRNewswire/ – Great Western Minerals Group Ltd.
(“GWMG” or the “Company”, TSX:V – GWG) is pleased to announce the
promotion of Vic Fitzmaurice to the position of Steenkampskraal
Managing Director with GWMG’s wholly owned subsidiary, Rare Earth
Extraction Co. Limited (“Rareco”) of South Africa.

Mr. Fitzmaurice’s responsibilities include the refurbishment of the
Steenkampskraal mine site as well as the development of mixed chloride
production and rare earth solvent extraction separation capabilities.
He reports directly to GWMG President and Chief Executive Officer Marc
LeVier.

In his position as Managing Director he also assumes the leadership role
with GWMG’s owner’s representative team that is being assembled to deal
with all major contractors. Mr. Fitzmaurice is using his extensive
contact base and strong reputation within the South African mining
industry to assemble a highly qualified owner’s representative team
that thoroughly understands the Steenkampskraal project as well as the
regulatory and social impact environments.

Mr. Fitzmaurice, who has held the position of Steenkampskraal Operations
General Manager since October 2012, is a Professional Engineer who
holds a B.Sc. in Engineering (Mining) along with a Graduate Diploma in
Engineering (Mining, Engineering and Mineral Economics) from the
University of Witwatersrand. He is a member of the Engineering Council
of South Africa, the South African Institute of Mining and Metallurgy,
the Institute of Directors of South Africa 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 Aquarius Platinum and De Beers.

GWMG is also pleased to announce the appointment of Chris Neser to the
position of Senior Project Manager with Rareco. Mr. Neser has extensive
international experience with the development of integrated mineral
beneficiation projects. His previous project work includes automation
of metallurgical plants, process selection, optimization, construction,
process commissioning, and production cost modelling and control.

Mr. Neser holds a Masters in Business Leadership from University of
South Africa and a B.Sc. in Electrical Engineering from the University
of Cape Town. His international experience includes the Sunkar
phosphate project in Kazakhstan, Jordan Phosphate Mines, Maaden in
Saudi Arabia and the Foskor Group of South Africa. He reports directly
to Managing Director Vic Fitzmaurice.

GWMG President and Chief Executive Officer Marc LeVier said, “The
promotion of Mr. Fitzmaurice and the appointment of Mr. Neser to the
Rareco team are significant steps forward for our Company because both
individuals have very extensive mining and mine development experience.
They will be integral to the success of our Company in advancing the
Steenkampskraal project on a timely and cost effective basis.”

Additionally, GWMG today announces the resignation of David Kennedy from
the position of Chief Executive Officer of Rareco. He will continue his
involvement with GWMG as a member of the Company’s board of directors
and an advisor to CEO Marc LeVier

GWMG President and Chief Executive Officer Marc LeVier said, “We
sincerely thank Mr. Kennedy for his years of service, first at Less
Common Metals and subsequently with the Steenkampskraal project. His
extensive background in the rare earth business has been important to
our strategy of positioning GWMG to become a fully integrated rare
earth producer. Mr. Kennedy’s contribution through the development of a
highly skilled team at Less Common Metals is greatly appreciated. We
are pleased that he will continue his involvement with GWMG as a member
of the Company’s board of directors and an advisor to the CEO.”

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