TSX Venture Symbol: GWG            

CUSIP: 39141Y 10 3

OTCQX: GWMGF


SASKATOON,  Jan. 30, 2013  /PRNewswire/ - Great Western Minerals Group Ltd.
("GWMG" or the "Company", TSX:V - GWG) is pleased to provide an update
on issues pertinent to the Company's progress and status.


Preliminary Economic Assessment ("PEA"):  GWMG had previously set  January 2013
as a target date to issue a news
release highlighting the results of a PEA as well as an updated
National Instrument 43-101 Resource Estimate (the "Resource Estimate").
The Resource Estimate was issued in January (see GWMG news release  January 21,
2103).



The Company now estimates that the PEA will be completed and the results
released prior to the end of the 1st Quarter of 2013, as GWMG's new
Chief Executive Officer and his senior management team are gathering
additional metallurgical testing and capital expenditure data in order
to properly evaluate the options available in the context of the
expanded Resource Estimate.


Less Common Metals ("LCM"):  The relocation of U.K.-based LCM from its Valley
Road location in
Birkenhead to its new facility at Hooton Park in Ellesmere Port is now
virtually complete. The new facility houses LCM's first strip casting
furnace with provision for substantial expansion. All equipment that
had been in operation at the Valley Road site, including the analytical
laboratory, has been relocated to Hooton Park and is now fully
operational.



LCM continues its evaluations of the new strip cast furnace capabilities
with its customer base.  Sampling has been undertaken for all key
customers and LCM is progressing into advanced stages of commercial
supply contract / technical approval stages.


GWMG Presentations and Marketing:  GWMG management will be representing the
Company in the following venues
in early 2013:

* February 1, 2, 3: GMP Securities Mining Jamboree in Hermanus,  South
Africa  - presentation to attendees and investor meetings.

*
CEO  Marc LeVier's  presentation will be posted to the GWMG website
(www.gwmg.ca) immediately following delivery at the event.

* February 5, 6, 7: African Mining Indaba in  Cape Town, South Africa  -
corporate booth, investor meetings and investor/analyst tour of the
Steenkampskraal mine site.

* March 3: Pro-Active Power Breakfast at PDAC in  Toronto  - presentation
and investor meetings.

*
CEO  Marc LeVier's  interview and presentation at the Power Breakfast will
be posted to the GWMG website and to Pro-Active's Stocktube.com site
following the event.

* April 21, 22: Pro-Edge Wire Technology Metals Summit 2013 in  Toronto  -
presentation and investor meetings.

*
CEO  Marc LeVier's  presentation will be posted to the GWMG website
immediately following delivery at the event.

Director Options:  The Company announces that it has granted to newly appointed
Company
director,  Ron Hochstein, 400,000 options to acquire common shares of
the Company. The options are exercisable into common shares of Great
Western Minerals Group Ltd. at a price of  $0.25  per share for a period
of five years from the date of grant,  January 7, 2013, and will vest in
accordance with the Company's stock option plan. The Company also
announces that it has granted to newly appointed Company director,
  Lenard Boggio, 400,000 options to acquire common shares of the Company.
The options are exercisable into common shares of Great Western
Minerals Group Ltd. at a price of  $0.315  per share for a period of five
years from the date of grant,  January 14, 2013, and will vest in
accordance with the Company's stock option plan