Great Western Minerals Group Appoints Jim Hedrick to Advisory Board
SASKATOON, SASKATCHEWAN -- (Marketwire) -- 11/01/10 -- Great Western Minerals Group Ltd. ('GWMG' or the 'Company') (TSX VENTURE: GWG) (OTCQX: GWMGF) announces that Jim Hedrick has been appointed to the Company's Advisory Board.
Jim Hedrick recently retired from his position as the Rare Earth commodity specialist for the U.S. Geological Survey after 31 years of service where he studied all aspects of the Rare Earth elements sector for the U.S. Government.
His responsibilities included the preparation of the U.S. Government's Rare Earths reviews and writing publications on a variety of minerals and metals. He continues to write articles for the minerals industry and has chaired various sessions on Rare Earths and strategic and critical minerals in the United States and Europe.
Mr. Hedrick has worked with the U.S. Army Corps of Engineers (civilian) and the U.S. Bureau of Mines, followed by his position with the U.S. Geological Survey. Within those roles he has researched strategic deposits, prepared cost feasibility studies, and reviewed environmental impact statements. He has also published over 300 articles and professional papers on mineral commodities. Mr. Hedrick is an honors graduate of James Madison University with B.S. degrees in Geology and General Science, and did graduate study at North Carolina State University.
'Within his Advisory Board role, Jim Hedrick brings vast geological experience to our Company,' said GWMG President and Chief Executive Officer Jim Engdahl. 'His appointment compliments our internal geological expertise with the global perspective Mr. Hedrick gained as the Rare Earth specialist for the U.S. Geological Survey. As GWMG continues to carry out its fully integrated Rare Earths production strategy, his knowledge will be of great benefit in our strategic decision making.'
Jim Engdahl, President
About Great Western Minerals Group Ltd.
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 has signed an Off-take Agreement for 100% of the Rare Earth Elements produced at the former producing Steenkampskraal mine in South Africa and holds 20.8% ownership in Rare Earth Extraction Co. Ltd, the owner of the Steenkampskraal mine. GWMG also holds interests in seven 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 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
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Contacts:
Great Western Minerals Group Ltd.
Dwight Percy
Manager of Investor Relations
(306) 659-4500
info@gwmg.ca
www.gwmg.ca
Great Western Minerals Group Ltd.
219 Robin Crescent
Saskatoon, SK S7L 6M8