Great Western Minerals Group Ltd. announced that it entered into an option and joint venture agreement with Star Minerals Group Ltd. on the Hoidas Lake Project, an area comprised of fourteen mineral claims totaling approximately 12,490 hectares and related property in northern Saskatchewan. Star has also been granted the option to acquire an additional 26% participating interest, contingent on completing an NI 43-101 compliant feasibility study in respect of the Hoidas Lake Project during the four year period after exercising the first option. All costs and expenses incurred in connection with either option shall be paid by Star.

The obligations of the parties pursuant to the option and joint venture agreement are subject to the satisfaction of certain conditions precedent, including regulatory approval on the part of Star and bondholder approval on the part of GWMG, which the parties intend to obtain in due course.