GWMC Wins award for best resource stock on plus PDF Print E-mail
Wednesday, 30 April 2008 00:00
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
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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
Last Updated ( Thursday, 08 May 2008 10:56 )