GREAT WESTERN MINERALS GROUP APPOINTS INTERNATIONALLY EXPERIENCED METALLURGIST / PROCESS ENGINEER TO BOARD OF DIRECTORS
December 18 2012 - 9:00AM
OTC Markets
GREAT WESTERN MINERALS GROUP
LTD.
TSX Venture Symbol: GWG
CUSIP: 39141Y 10 3
OTCQX: GWMGF
GREAT WESTERN MINERALS GROUP APPOINTS
INTERNATIONALLY EXPERIENCED METALLURGIST / PROCESS ENGINEER TO
BOARD OF DIRECTORS
December 18, 2012 - Saskatoon,
Canada: Great Western
Minerals Group Ltd. ("GWMG" or the "Company", TSX:V – GWG) today
announced it has appointed Marc Le Vier to GWMG’s Board of
Directors. The appointment is effective
immediately.
Mr. Le Vier has been President and
Chief Executive Officer as well as a Director of Texas Rare Earth
Resources Corp. where he oversaw the completion of a Preliminary
Economic Assessment and established the strategic direction and
vision for that company. Prior to that, he spent over twenty years
with Newmont Mining Corporation in senior metallurgical and
management positions including General Manager of the
Zarafshan/Newmont joint venture and Senior Director, Metallurgical
Research and Development.
Mr. Le Vier holds a Bachelor of
Science in Metallurgical Engineering as well as a Master of Science
degree in Metallurgical Engineering, both from Michigan
Technological University in Houghton, Michigan.
His professional affiliations and
certifications include membership in the Society of Mining,
Metallurgy and Exploration as well as the Mining and Metallurgical
Society of America.
GWMG Interim President and Chief
Executive Officer Robert Quinn said, “GWMG is pleased to have
attracted an independent Board member with such strong
qualifications and over forty years of experience in the mining
sector. Marc Le Vier’s knowledge of the rare earth sector, combined
with his mining and metallurgical background, will be of great
value to our Company as GWMG continues its transition to being a
fully integrated rare earth producer. Given his philosophical
alignment with GWMG’s vertical integration strategy, we are
confident that he will make a significant contribution to our Board
of Directors and further strengthen our team.”
Great Western Minerals
Group Ltd. is engaged in becoming an integrated rare earth
producer. The Company currently produces specialty alloys which are
used in the aerospace,
automobile, computer and high-tech 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 iron, 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 South Africa. In addition to an exploration program at
Steenkampskraal, GWMG also holds interests in four active rare
earth exploration and development properties in North
America.
For
further information, please contact Dwight Percy, Manager of
Investor Relations at (306) 659-4516. Email inquiries should be
made to info@gwmg.ca and the company website is located at
www.gwmg.ca. Inquiries by direct mail should be addressed to Great
Western Minerals Group Ltd., 219 Robin Crescent, Saskatoon, SK S7L
6M8.
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, 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, 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; 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
Hoidas Lake or 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
Professional Securities Market listing particulars available at
www.sedar.com.
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