30 April 2008
IE00B1FR8863/GBP/PLUS-exn
GREAT WESTERN MINING CORPORATION PLC
("GWMC" or the "Company")
WINS AWARD FOR BEST RESOURCE STOCK ON PLUS
The Board of Great Western Mining Corporation Plc, the PLUS quoted Dublin based uranium, gold and
silver exploration company, is delighted to announce that it won resource stock of the year at last
night's PLUS Investor awards.
This award reflects the continued development and expansion of the Company's resource in Nevada, USA.
Since joining PLUS at 5p a share in October 2006, Great Western has successfully grown its asset base,
underpinning the steady growth in its share price to 33p - valuing the Company at £8.8m.
Commenting on this award, Great Western's Chairman, Emmett O'Connell said:
"We are delighted to have won the award for best resource stock on PLUS. We continue to develop our
properties and only last week confirmed the presence of uranium, gold and silver in our claim area.
"The combined value of uranium, gold and silver at current prices would be in the region of $700 to
$800 per short ton assuming 100% recovery, giving a powerful endorsement to our exploration programme
to date."
The Directors of the Issuer accept responsibility for this announcement.
--ENDS--
For media enquiries, please contact:
Nick Rome / Michael Kinirons, Bishopsgate Communications
Tel +44 207 562 3350
Kathryn Byrne / Jonathan McDade, Limelight Communications.
Tel. +353 45 856 346 Mobile + 353 85 233 6033
kathryn.byrne@limelight.ie / jonathan.mcdade@limelight.ie
For further information on investor relations please contact:
Liam McGrattan, Investor Relations Director
Tel. +353 1 856 1700 Mobile +353 87 274 5427
Or
Emmett O'Connell, Chairman, Great Western Mining Corporation
Tel. +353 51 565 844 or +353 1 856 1700
Corporate Adviser: St Helen's Capital Plc
Duncan Vasey / Barry Hocken
Tel. +44 207 628 5582
Note to Editor:
Great Western Mining Corporation plc is an Irish based exploration company, quoted on the PLUS Market.
The company, which concentrates on gold, silver and uranium exploration, is based in Nevada, USA. Its
headquarters are in Dublin.
The Great Western Mining Corporation holds 47 gold, silver and uranium lode claims in the area near
Marietta, Mineral County, Nevada. This US state consistently ranks as one of the leading geologically
prospective and pro-mining legal jurisdictions in the world today. Crucially, it is also extremely
stable from a geo-political perspective.
Furthermore, as nuclear power usage expands rapidly across the globe, demand for the world's limited
uranium resources will expand rapidly, pushing up the price for uranium ore.
The company plans to build a varied portfolio of uranium ore claims in politically secure areas.
Great Western Mining Corporation plc
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.