Great Western Minerals Group Announces Management Appointment
January 05 2012 - 9:43AM
Marketwired
Great Western Minerals Group Ltd. ("GWMG" or the "Company"), (TSX
VENTURE:GWG) (OTCQX:GWMGF) is pleased to announce the appointment
of Vernon Kiss as Vice-President, Corporate Development and
Strategic Initiatives.
In this new role, Mr. Kiss is responsible for oversight and
direction of GWMG's corporate and strategic planning processes.
Additionally, he is responsible for the assessment and execution of
corporate development initiatives, including acquisitions,
partnerships and joint ventures that contribute to the achievement
of GWMG's vision to be a fully integrated rare earth producer.
During his 15 year career with Cameco Corporation, one of the
world's largest uranium companies, Mr. Kiss held increasingly
senior positions including vice president, corporate development
and power generation. Amongst a broad range of experiences, as
senior legal advisor he participated in preparations for Cameco's
initial listings on the Toronto and New York stock exchanges, as
special project co-ordinator he oversaw the development of several
significant domestic and international joint venture agreements and
projects, and as marketing director, North America, he negotiated
numerous long term supply agreements. He has also been directly
involved in a wide range of acquisitions and varied joint venture
arrangements.
A member of the Saskatchewan Law Society since 1984, Mr. Kiss
holds a B.A. (Psychology) and a Bachelor of Laws from the
University of Saskatchewan and is a masters candidate in the
University of Saskatchewan School of Environment and
Sustainability.
GWMG President and Chief Executive Officer Jim Engdahl said,
"Our Company has taken a significant step forward by to attracting
Vern Kiss to this vice-president position. His extensive background
with Cameco, as it successfully transitioned into being one of the
globe's largest uranium producers, will be of great benefit to
GWMG, its management team and its shareholders."
Great Western Minerals Group Ltd. is an integrated Rare Earths
processor. 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 Birkenhead, U.K. and
Great Western Technologies Inc. in Troy, Michigan, these alloys
contain aluminium, 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 addition
to an exploration program at Steenkampskraal, GWMG also holds
interests in four active Rare Earth exploration and development
properties in North America.
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 refurbishment activities
and reliance on third parties to meet projected timelines, the
results of the exploration program at Steenkampskraal, a resource
estimate and commencement of production at Steenkampskraal,
satisfaction of the conditions precedent with respect to GWMG's
offtake agreement, receipt of all required approvals (including
those relating to the commencement of production at the
Steenkampskraal mine) and risks, uncertainties and other factors
that are beyond the control of GWMG, 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 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 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.
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 current annual information form
available at www.sedar.com.
CUSIP: 39141Y 10 3
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.
Contacts: Great Western Minerals Group Ltd. Dwight Percy Manager
of Investor Relations (306) 659-4500 Great Western Minerals Group
Ltd. 219 Robin Crescent Saskatoon, SK S7L
6M8info@gwmg.cawww.gwmg.ca
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