GWMGF Great Western Minerals Ltd (CE)

SASKATOON, May 3, 2013 /PRNewswire/ - Great Western Minerals Group Ltd. ("GWMG"
or the "Company") (TSXV: GWG) (OTCQX: GWMGF) announced that it has
entered into an investor relations agreement with Kei Advisors LLC
("Kei") of Buffalo, New York (the "Agreement").  Kei is an investor
relations and business advisory firm that has developed a comprehensive
methodology to help companies create optimum shareholder value.

Marc LeVier, President and CEO of Great Western Minerals Group said, "We
are a leader in the manufacture and supply of rare earth-based alloys
and high purity metals.  As we further advance our vertical integration
strategy to include our low cost, high-grade critical rare earth asset
at Steenkampskraal, we believe that a well executed investor relations
program will add value for our shareholders."

Pursuant to the Agreement, Kei will provide investor relations services
to GWMG including the development and implementation of investor
relations strategies to increase awareness and foster interest in the
Company's opportunities and activities. The Agreement may be terminated
upon 30 days notice by either party and, as compensation for its
services, Kei will receive a monthly cash retainer fee of $10,500 paid
quarterly and reimbursement for related expenses at cost.

About GWMG

Great Western Minerals Group Ltd. is engaged in becoming an integrated
rare earth producer. 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 Ellesmere, U.K. and Great
Western Technologies Inc. in Troy, Michigan, these alloys contain
transition metals including nickel, cobalt, iron 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 controls the Steenkampskraal monazite 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.

The company routinely posts news and other information on its website at
 www.gwmg.ca.

Neither the 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.

Cautionary Statement


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 assumptions and estimates in the preliminary economic assessment
of the Steenkampskraal project proving to be accurate over time; the
construction, commissioning and operation of the proposed monazite
processing facility and separation facility within  estimated
parameters; 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, including those estimated in
the preliminary economic assessment of the Steenkampskraal project;
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 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 Annual Information Form available at www.sedar.com.

SOURCE Great Western Minerals Group Ltd.