Great Western Minerals Group, Ltd. has released favorable results of a Feasibility Study for its Steenkampskraal Project. The Feasibility Study demonstrates the economic viability of the Project and confirms that the Project is a sound development foundation for GWMG's integrated business model in the strategic REE supply industry. The integrated business model incorporates the entire extraction and processing cycle from mining of an REE enriched mineral asset, through beneficiation to mixed REE concentrates, separation into high purity REE compounds, and finally to the manufacturing and supply of REE based metals and high purity alloys.

The mine and process facilities design for the Feasibility Study differ significantly from those used in the previousl National Instrument 43-101 ("NI 43-101") compliant Preliminary Economic Assessment. As such, any direct comparison with the PEA economic analysis may be inaccurate and potentially misleading. The Feasibility Study is based on the NI 43-101 compliant Technical Report and Mineral Resource Estimate dated effective October 31, 2013 and filed on SEDAR on December 20, 2013 (the "December 2013 Resource Estimate"), which incorporated an expanded exploration dataset that resulted in definition of additional resources, a significant increase in resource tonnes reporting to the Indicated category, and declaration of a new Measured resource as follows (each as defined in accordance with CIM Definition Standards on Mineral Resources and Mineral Reserves as published by the Canadian Institute of Mining, Metallurgy and Petroleum): In situ Measured Mineral Resources of 85,000t at a grade of 19.54% TREO for 16,600t contained TREO; In situ Indicated Mineral Resources of 474,000t at a grade of 14.12% TREO for 67,000t contained TREO; The historic surface tailings are classified as an Indicated Mineral Resource of 46,000t at a grade of 7.18% TREO for 3,300t contained TREO; and Measured plus Indicated Mineral Resources of 605,000t at an average grade of 14.36% TREO for a total of 86,900t contained TREO.

The Feasibility Study supports the declaration of Mineral Reserves as follows: Probable in situ Mineral Reserves of 651,000t at a grade of 8.2% TREO for 53,400t contained TREO; Probable surface (historic tailings) Mineral Reserves of 45,100t at a grade of 7.1% TREO for 3,200t contained TREO; and Proven in situ Mineral Reserves of 103,600t at a grade of 12.39% TREO for 12,800t contained TREO. The Feasibility Study was undertaken at an accuracy level of +/-15%. The study includes an economic assessment of the Measured and Indicated Mineral Resources.

The fundamental production requirement for the Feasibility Study was 5,000tpa of TREO; however, lanthanum and cerium will not be produced as saleable products, but will be selectively removed and will remain in secure long-term storage on the mine site. If market conditions warrant, lanthanum and cerium could be reprocessed into a saleable product. The Steenkampskraal Project comprises a underground monazite mine and an integrated metallurgical and hydrometallurgical processing plant.

The Project is based on a high-grade, narrow vein, monazite deposit, which was successfully exploited for thorium in an underground operation by Anglo American between 1952 and 1963. GWMG's proposed mining methodology includes a combination of long hole open stoping and conventional down dip mining to adequately exploit the variable vein attitude and thickness. The mine will be a conventional trackless operation with approximately 50% of the in-stope mining remaining as conventional hand held rig mining.

The mine plan and ventilation design is unique in that it has been specifically based on a radiological model that minimizes radiation exposure to the workers. The process flowsheet comprises crushing and milling, upgrading through dense medium separation ("DMS") and magnetic separation. This is followed by hydrometallurgical acid cracking and mixed REE carbonate precipitation.

Lanthanum and cerium, considered low value REEs, are removed and stored on site. The high-value REEs are retained in a mixed REE carbonate concentrate, which will be toll-treated producing high-purity, separated REOs. A portion of the high-purity REO product from the independent separation plant will be used to produce REE metal alloys at Less Common Metals Limited ("LCM"), GWMG's subsidiary located in the United Kingdom, with the remainder of product sold on the international market.