Great Western Minerals’ Share Price Rising to Analysts’ Estimates.

May 1, 2012 — Tracy Weslosky, CEO of Pro-Edge Consultants Inc. ( interviews Jim Engdahl, President, CEO & Director of Great Western Minerals Group (TSXV: GWG) ( about their strategy and vision of becoming one of the first producers of rare earth elements (REEs) outside of China. An interesting feature of Great Western Minerals is that through their Less Common Metals downstream business they are a global supplier of magnet alloys. Jim also highlights Great Western Minerals’ Steenkampskraal (SKK) property in South Africa and he says, “We are at the development stage of that particular property with scheduled production early in the second half of 2013 and that will in turn provide us with the rare earth elements that we need to supply our plant at Less Common Metals in England.” The SKK project is intended to focus on the production of rare earths needed for the production of neodymium-iron-boron (Nd-Fe-B) magnet alloys and samarium cobalt alloys. When asked about when Great Western Minerals’ share price will rise to analysts’ buy recommendation target prices, Jim says that the completion of the NI 43-101 technical report for SKK is anticipated to show that Great Western Minerals has the resources that the historical information has indicated. The completion and confirmation of capital expenditure and operational expenditure numbers by third parties will also contribute to greater market confidence that GWMG would hope will lead to an increased share price for Great Western Minerals. Jim also talks about building a separation facility for a monazite feed source. A mine to market business model with access to heavy rare earth elements makes Great Western Minerals a strategic player in the rare earth industry.

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