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Press release from CNW Group

Great Western Minerals Group Announces Second Quarter 2013 Conference Call and Webcast

Wednesday, July 31, 2013

Great Western Minerals Group Announces Second Quarter 2013 Conference Call and Webcast

16:07 EDT Wednesday, July 31, 2013

SASKATOON, July 31, 2013 /CNW/ - Great Western Minerals Group Ltd. (TSX.V: GWG / OTCQX: GWMGF), a leader in the manufacture and supply of rare earth-based metal alloys and high purity metals with a low cost, high-grade critical rare earth asset, today announced that it will release its second quarter 2013 financial results on Wednesday, August 14, 2013, after the markets close.

The Company will host a conference call and webcast to review its results, key market initiatives and business strategy.

Second Quarter 2013 Financial Results Conference Call
Thursday, August 15, 2013
12:30 p.m. Eastern / 10:30 a.m. Mountain
Phone: 201.689.8471
(No pass code)
Internet Webcast: http://www.gwmg.ca

An archive of the call will be available from 3:30 p.m. ET on the day of the call until Thursday, August 22, 2013.  To listen to the archived call, dial (858) 384-5517, and enter conference ID number 417638.  An archive of the webcast will be available on the Company's website at http://www.gwmg.ca and will include a transcript, once available.

About GWMG
Great Western Minerals Group Ltd. is a leader in the manufacture and supply of rare earth-based alloys and high purity metals with a low cost, high-grade critical rare earth asset.  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 other 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 South Africa.  The Company also holds interests in four rare earth exploration and development properties in North America that are not active.

The Company routinely posts news and other information on its website at www.gwmg.ca.

Neither the 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.

Cautionary Statement
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 assumptions and estimates in the preliminary economic assessment of the Steenkampskraal project proving to be accurate over time; the construction, commissioning and operation of the proposed monazite processing facility and separation facility within  estimated parameters; 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, including those estimated in the preliminary economic assessment of the Steenkampskraal project; risks associated with the uncertainty of resource estimates; health and safety risks; uncertainty of estimates and projections of production, costs and expenses; risks that future 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.

For further information:

Investor Relations:
Deborah K. Pawlowski
716.843.3908
dpawlowski@keiadvisors.com

Craig P. Mychajluk
716.843.3832
cmychajluk@keiadvisors.com

Email inquiries can also be made to info@gwmg.ca.

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