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Great Western Minerals Group to Hold Conference Call and Present at Upcoming Rare Earth Conferences

SASKATOON, SASKATCHEWAN--(Marketwire -09/12/11)- Great Western Minerals Group Ltd. (TSX-V: GWG.V - News) (OTCQX: GWMGF.PK - News) ("GWMG" or the "Company") is pleased to announce that Company officials will be presenting at the following venues in September 2011.

1. Wednesday, September 14, 2011 at 11:00 a.m. EST / 9:00 a.m. CST: CEO Conference Call with President & Chief Executive Officer Jim Engdahl. Participants can sign up for the conference call as follows:

Dial - in Numbers:

North American Toll Free 888-231-8191

Local Toronto 647-427-7450

China North 10-800-714-1191

China South 10-800-140-1195

Germany 0-800-183-0171

Switzerland 0-800-835-354

Hong Kong 800-901-563

South Africa 0-800-983-113

United Kingdom 0-800-051-7107

Passcode ID: 96592727

Participants are advised to dial in 10 minutes prior to start time and use the URL below if you wish to view the presentation during the call. To view presentation use link: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3655080

Playback of the call available for 7 days

Replay Dial-in Numbers: 1-855-859-2056 or 416-849-0833

Replay passcode - 96592727

Replay PowerPoint Link - http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3655080

2. Thursday, September 15, 2011: Metal Pages Rare Earths 2011 in Beijing, China - "Rare Earths: Mine to Market and Supplying the Permanent Magnet Industry Outside China" with GWMG Executive Chairman Gary Billingsley.

3. Tuesday, September 27, 2011: Objective Capital Global Mining Investment Conference in London, U.K. - "Rare Earths: Not So Rare but Sought After" with GWMG Executive Chairman Gary Billingsley.

4. Thursday, September 29, 2011: Objective Capital Global Mining Investment Highlights Conference in Edinburgh, U.K. - "Rare Earths: Not So Rare but Sought After" with GWMG Executive Chairman Gary Billingsley.

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 a planned 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, the results of the exploration program, 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.