Final Results for the year ended 31 December 2007

8 April 2008
                                                                            IE00B1FR8863/GBP/PLUS-exn

                                 GREAT WESTERN MINING CORPORATION PLC

                       AUDITED FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2007

CHAIRMAN'S STATEMENT

The  period  under  review has been marked by the Company's transformation from a  purely  exploration
profile  to one increasingly of confirmation, validation and development. Highlights of operations  to
date include;
    *       Three sets of gold and silver test results.
    *       Three sets of uranium U308 test results.
    *       A bulk sample laboratory leeching test for recovery of U308.
    *       More than doubling the area under claim.

Field Programmes
The  2006  and  2007  field  sampling programmes have confirmed our  historical  geological  research;
radioactive  mineralisation is present on our claims, in addition to precious metals gold and  silver.
How much there is remains to be determined. This will be the object of much of our endeavours over the
coming  summer.  As  for the quality or richness of the deposit, that is perhaps best  illustrated  by
comparison. In last year's Annual Report, it was stated the first test results yielded values of 0.17%
U308. By the end of the third set of results, readings were as high as 0.59% U308.

Third Uranium Test Results
In  the  fifteen samples taken to test primarily for U308 content the results, in percentage, were  as
follows:
% U308              % U308
1.   0.170          9.   0.292
2.   0.028          10.  0.061
3.   0.146          11.  0.043
4.   0.076          12.  0.212
5.   0.490          13.  0.596
6.   0.248          14.  0.138
7.   0.204          15.  0.564
8.   0.068

These  outstanding results are the most recent of several previously announced surveys over  the  past
year. The grades keep improving as we zero in on what we believe is the controlling geological feature
of the deposition namely, the Ming Toy fault.

Bulk Uranium Sample Test
In  late  2007 your Directors were determined to secure a bulk sample of uranium ore from the prospect
to  undertake a scaled-up test of its value and to examine if a low capital cost leaching plant  would
be  an efficacious means of U308 recovery. Subsequently, a bulk sample was extracted and delivered  to
an appropriate laboratory in Colorado. We had hoped to have the results in time for publication in the
annual  report,  but  due  to the strength of the ore, certain precautions had  to  be  taken  in  the
transportation and delivery of the bulk sample. I am confident the final report will be  available  in
time for the AGM.

Gold and Silver Results
The  most  recent  test results for precious metals released to the Market on 11th February  2008  are
listed below. They were taken from pits on the flanks of the Adit from which the U308 bulk sample  had
been extracted.

                                                    Element
Unit                                      Gold (Au)         Silver (Ag)
Sample #                                Grams per Ton      Grams per Ton
IWM - 1                                      6.78            1,549.00
IWM - 4                                      7.77              123.48
IWM - 5                                     68.43            4,696.60
IWM - 6                                     12.75              332.80
IWM - 11                                     1.06               44.48
IWM - 12                                     7.59              419.90
MC5A                                         3.67               69.30
MT122-04                                     6.16               90.80

In common with our uranium sampling, the values recorded continued to increase as the field survey and
sampling teams became more familiar with the prospect's geology.

The Next Step
2008  promises  to  be as busy a year as its predecessor. Establishing the extent and  volume  of  the
resource  of precious metals and U308 will be a top priority. Another will be to seek out  a  suitable
joint venture partner to develop the resource in an expeditious manner. To facilitate both objectives,
the  Company has retained a firm of Geological Engineers to publish a Competent Persons Report on  the
overall  project;  its  history,  regional  geology, local geology,  mineralogy,  review  of  sampling
programmes, and a suggested work schedule and scope for summer 2008.

Funding
The  Company  is well funded to achieve these goals, which your directors believe will provide  market
validation of the extent and value of our discovery.

The Directors will not be recommending the payment of a dividend for this period.

EMMETT O'CONNELL
Chairman

Group Income Statement
for the period ended 31 December 2007
                                                                          9 mths              12 mths
                                                                           ended                ended
                                                                        31/12/07             31/03/07
                                                                               €                    €
Administrative expenses                                                (268,067)            (226,098)
Interest Receivable and similar income                                     7,677                    -

Loss for the period before tax                                         (260,390)            (226,098)

Taxation                                                                        -                   -

Loss for the period                                                    (260,390)            (226,098)

Earnings per share:
Basic loss per ordinary share                                          1.00 Cent            1.36 Cent

Diluted loss per ordinary share                                        1.00 Cent            1.36 Cent

The results for the period all arise on continuing operations.

Group Balance Sheet
for the period ended 31 December 2007
                                                                        31/12/07             31/03/07
                                                                               €                    €
Assets
Non-Current Assets
Intangible assets                                                        496,936              460,913

Current Assets
Trade and other receivables                                               81,011               26,892
Cash and cash equivalents                                                673,867              338,936

                                                                         754,878              365,828

Total Assets                                                           1,251,814              826,741

Equity and Liabilities
Equity
Called up share capital                                                  267,520              250,020
Share premium account                                                  1,399,810              787,490
Profit and loss account                                                (491,393)            (231,003)

Attributable to equity shareholders                                    1,175,937              806,507

Liabilities
Current Liabilities
Trade and other payables                                                  75,877               20,234

Total Liabilities                                                         75,877               20,234

Total Equity and Liabilities                                           1,251,814              826,741

The  information  contained  in this statement has been extracted from  the  audited  accounts,  which
contain an unqualified audit report.

The Directors accept responsibility for the above announcement.

ENDS

For media enquiries, please contact:
Kathryn Byrne / Glenn Hogarty, Limelight Communications.
Tel. [phone]  Mobile + 353 85 233 6033
[e-mail] / [e-mail]

For further information on investor relations please contact:
Liam McGrattan, Investor Relations Director
Tel. [phone]  Mobile [phone]
or
Emmett O'Connell, Chairman, Great Western Mining Corporation
Tel. [phone] or [phone]

Corporate Adviser: St Helen's Capital Plc
Duncan Vasey / Barry Hocken
Tel. [phone]

Great Western Mining Corporation plc