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[splitmind]

Very good news.

If you look at his background when an MP; Minister of Defense, Native Affairs, it is clear that PM Mulroney held him in high regard. Having a Conservative Party insider with strong ties to Saskatchewan, DND, and Native affairs is a huge score for the corporation. His experience touches all the parts of government a future northern miner of REE could hope for with close links to the governing party.

[splitmind]

This announcement is nothing short of incredible. This could end up being the largest unmined REE deposit in North America now.

LINK


News Release

TSX Venture Symbol: GWG
US Symbol: GWMGF
GREAT WESTERN MINERALS GROUP REPORTS A 123% INCREASE IN THE RESOURCE ESTIMATE AT HOIDAS LAKE

November 20, 2009 - Saskatoon, Saskatchewan – Great Western Minerals Group Ltd. (“GWMG” or the “Company”) is pleased to announce the results of the Company's new NI 43-101 Technical Report for its Hoidas Lake project prepared by Barr Engineering Company ("Barr").

The Company reports that the overall resource estimate increased by 123% to 2,560,835 tonnes from the previous value of 1,150,000 tonnes. This includes an increase of over 1200% in the Measured category to 963,808 tonnes from the previous estimate of 80,000 tonnes, and an increase of 49% in the Indicated category to 1,597, 027 tonnes from the previous estimate of 1,070,000 tonnes.

This new Technical Report incorporates the results of 32 drill holes completed in the spring of 2008 and includes drilling results from four separate drilling programs conducted from 2001 through to 2008 for a total of 120 core holes located along a strike length of 1150 metres. These core holes, some of which extend to a depth of 398 metres, total 15,222.8 metres of drilling. The rare earth mineralization is open along strike and at depth.

The resource estimate used ordinary kriging, and inverse distance interpolation methods, with the ordinary kriging values used for reporting. Based on preliminary economics generated by the Company, a cut-off grade of 1.5% Total Rare Earth Elements ("TREE") was applied for summary reporting purposes. The resource model uses the assay data provided by the Company.

The tabulated resource data for the Hoidas Lake JAK Zone as calculated by Barr is as follows:
Category Cut-Off Grade

WT.% TREE
Tonnes TREE WT.%1 TREO2

WT.%
Measured 1.5 963,808 2.142 2.568
Indicated 1.5 1,597,027 1.958 2.349
Total 2,560,835 2.075 2.431

Inferred 1.5 286,596 1.784 2.139

1 Total Rare Earth Elements include lanthanum, cerium, praseodymium, neodymium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, lutetium, yttrium and ytterbium

2 Total Rare Earth Oxide-calculated from TREE for comparison purposes by the Qualified Person.

Eighty seven percent of the average value of TREE is made up of lanthanum, cerium and neodymium with neodymium grades averaging 0.42% of the measured and indicated resource. This high proportion of Nd (used in permanent magnet electric motors) supports the economics of the Hoidas Lake project and moving forward with the Preliminary Economic Assessment Report.

John Pearson, MSc., P.Geo., Vice-President Exploration for GWMG, is the qualified person responsible for reviewing the contents of this news release.

Jim Engdahl, President and CEO of Great Western Minerals Group said "We are certainly pleased to report these results to our shareholders. Our belief always was that we could at least double the resource estimate for this project and this update certainly confirmed that. This reinforces our belief that this could be a much larger deposit since we have drilled a relatively small portion of the property. Once we receive the results of our ongoing metallurgy we will be able to complete the remaining items for the Preliminary Economic Assessment Report."

About Great Western Minerals Group Ltd.

Great Western Minerals Group Ltd. is a Canadian-based company with six rare earth exploration and development properties in North America with an option on a sizable additional property in South Africa. In addition, as part of the Company's strategy to pursue a vertically-integrated business model, the Company's wholly-owned subsidiaries of Less Common Metals Limited located in Birkenhead UK, and Great Western Technologies Inc., located in Troy, Michigan, produce a variety of specialty alloys for use in the battery, magnet and aerospace industries. These "designer" alloys include those containing copper, nickel, cobalt and the rare earth elements.

For further information, please contact Ron Malashewski, Manager of Investor Relations at (306) 659-4516. Email inquiries should be made to info@gwmg.ca and the company website is located at Great Western Minerals Group Ltd. | Welcome. Inquiries by direct mail should be addressed to Great Western Minerals Group Ltd., 226 Cardinal Crescent, Saskatoon, SK S7L 6H8.

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 the Company 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 risks, uncertainties and other factors that are beyond the control of the Company, 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 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 the Company 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 the Company contained in this press release, or incorporated herein by reference, are expressly qualified, in their entirety, by this cautionary statement.

[Sprinkles]

Awesome RNS, only just noticed this. These are surely going to gap up tomorrow.

I'll be there at open looking to top up.

Go GWG!!!

BTW, there was a piece on BBC Newsnight last week about rare earths where they briefly interviewed Jack Lifton (GWG spokesman) and a guy in the UK from Less Common Metals. Showed a pic of Hoidas Lake also. Link below...

BBC - Newsnight: Paul Mason: Rare earth: The New Great Game

Amazing Dines didn't tip this company. Would be a lot higher now if he had picked them.

Also on a REE tip. I'm looking at UCU (Ucore Uranium) right now. Had the shit kicked out of them this last month and their grades look OK to me.

[Bella]

A lot of talk recently about Rare earth metals and the Chinese having a virtual monopoly over their supply. Nice to have some home grown.This looks promising as a day trade and a long. I will put in a bid for the morning and see how it pans out.Thanks Splitmind! Go GWG and go Gold!

[splitmind]

Originally Posted by Sprinkles Awesome RNS, only just noticed this. These are surely going to gap up tomorrow. Also on a REE tip. I'm looking at UCU.V (Ucore Uranium) right now. Had the shit kicked out of them this last month and their grades look OK to me.

Funny you mention them. My wife just picked up a small position of Ucore on that decline. They seem to be sitting on a large heavy REE deposit, and its in Alaska which bodes well for the "buy only in America" crows within the Democrats. I still like GWG.V a lot more for their having a nearly ready to open mine in South Africa, this Hoidas Lake deposit in Saskatchewan, and most importantly having 100% ownership of the English processing firm Less Common Metals. However UCU.V is really cheap these days and certainly there is some money to be made on it. Ucore also have Uranium holdings which could prove very valuable in a few years.

[splitmind]

GREAT WESTERN MINERALS GROUP GRANTS TOYOTA TSUSHO CORPORATION EXTENSION ON LETTER OF INTENT

GREAT WESTERN MINERALS GROUP ANNOUNCES $7 MILLION PROSPECTUS OFFERING

The second link should have been posted earlier, but I thought what was the point. The pp was filled in under 3 hours, I was fortunate enough to get in but was only awarded half of my requested amount.

The market has been harsh to GWG after this announcement. The 7 million is for new equipment at their processing faculties in the U.K. and Detroit. This dip could be an opportunity for those hoping to get in under .30 cents.

[splitmind]

he OTCQX Market issued this release this morning....


Media Contact:
Matthew Sheldon
CCG Investor Relations
+1 (310) 954-1346

Matthew.Sheldon@ccgir.com



Great Western Minerals Group Ltd. Joins OTCQX


NEW YORK – January 26, 2010 – Pink OTC Markets Inc. (Pink Sheets: PINK), the leading electronic inter-dealer quotation system, trading technology and financial information provider for Over-the-Counter (OTC) securities, today announced that Great Western Minerals Group Ltd. (OTCQX: GWMGF, TSX.V: GWG), a vertically integrated Canadian mineral exploration company and a fabricator of specialized rare earth products, is now trading on OTCQX®.

Great Western Minerals Group Ltd. began trading today on the OTC market’s prestigious tier, OTCQX International. Investors can find current financial disclosure and real-time Level 2 quotes for the company on OTCQX and Pink Sheets -- Electronic Quotation and Trading System for OTC Securities.

“Great Western Minerals Group’s OTCQX listing separates the company from the thousands of other OTC-traded companies, affording their investors transparent trading and superior information,” said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "We are pleased to welcome Great Western Minerals Group Ltd to OTCQX."

Berns & Berns, Counsellors at Law, will serve as Great Western Minerals Group Ltd.’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on listing requirements.


About Great Western Minerals Group Ltd.

(OTCQX: GWMGF, TSX.V: GWG) Great Western Minerals Group Ltd. will trade in the United States on OTCQX under the symbol “GWMGF”. Great Western Minerals Group’s shares are also listed on the TSX Venture Exchange, under the symbol GWG. As part of it's vertically integrated, "mine-to-market" business model, the Company holds four active rare earth exploration and development properties in North America with an option on a sizable additional property in South Africa. In addition, the Company's wholly-owned subsidiaries of Less Common Metals Limited located in Birkenhead UK, and Great Western Technologies Inc., located in Troy, Michigan, produce a variety of specialty alloys for use in the battery, magnet, automotive and aerospace industries.


About OTCQX

The OTCQX marketplace is the premier tier of the U.S. Over-the-Counter market. Investor-focused companies use the quality controlled OTCQX listing platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. exchange. For more about OTCQX, visit OTCQX.


About Pink OTC Markets Inc.

Pink OTC Markets Inc. (Pink Sheets: PINK) is a financial information and technology services company that operates the leading electronic quotation and trading system in the Over-the-Counter, or OTC, securities market. The OTCQX and Pink Sheets® marketplaces that we operate constitute, by dollar volume, the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our technology platform provides a comprehensive suite of information products and trading services for OTC market participants. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets’ products and services make OTC markets more transparent, informed, and efficient, please visit our websites at OTC Quotation and Trading Systems, OTC Issuer Services, OTCQX, Pink Sheets -- Electronic Quotation and Trading System for OTC Securities and OTCQX or contact us at info@pinkotc.com.


Pink OTC Markets is headquartered in New York City.

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Best Regards,




Visit us at:

Great Western Minerals: Great Western Minerals Group Ltd. | Welcome

Great Western Technologies: Great Western Technologies Inc.

Less Common Metals Ltd: Less Common Metals - the ideal supplier for a vast range of complex alloys and other specialised metal products

[Sprinkles]

GWG looking oversold at the moment despite some good press recently. Just added more at 20 cents. Not long before the MMs walk the price back up!