The following Chairman's statement and test results are contained in the six month interim report issued to share holders.

CHAIRMAN'S STATEMENT

The most recent test results announced below have given evidence of a potentially economic deposit of precious metals. The associated values of base metals (copper, lead and zinc) indicate extensive mineralisation. This is a very positive result.

FURTHER TEST RESULTS

Six batches of surface samples were tested by OMAC Laboratories Ltd in Ireland.

These results are listed below in grams per ton.

2

Sample   Au      Ag        Cu      Pb     Zn

       (Gold) (Silver) (Copper) (Lead) (Zinc)

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|SAMPLE|  AU  |   AG   |   CU   |  PB  |  ZN  |
|      |(GOLD)|(SILVER)|(COPPER)|(LEAD)|(ZINC)|
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|  A   | .705 |  757   |  161   | 2564 | 580  |
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| A-2  |2.115 |  120   |  223   | 995  | 162  |
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|  B   | .151 |  765   |  407   | 2409 | 377  |
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|  C   |2.565 |  698   |  231   | 2519 | 171  |
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| D-2  |3.249 |  5.2   |   16   | 183  | 184  |
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|  E   | .027 |  291   |  303   | 842  | 385  |
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Over the coming months Great Western will expand its research base on both the precious metals and uranium claims in preparation for a summer programme intended to define the optimum area for exploitation. A field office will be established locally and bulk testing undertaken.

The Directors of the Issuer accept responsibility for this announcement.