Mr. Jim Engdahl reports

GREAT WESTERN MINERALS GROUP ENTERS INTO ADVISORY AGREEMENT WITH BYRON SECURITIES

Great Western Minerals Group Ltd. has entered into an advisory agreement with Byron Securities Ltd.

Byron will, on a non-exclusive basis, facilitate GWMG's access to capital markets and identify potential acquisition, divestiture or merger targets. In addition, Byron will provide strategic advice intended to maximize shareholder value, assist in strategic marketing initiatives and assist GWMG in structuring future transactions.

GWMG will pay Byron a total fee of $360,000, payable in common shares of the corporation in six equal monthly instalments of $60,000, beginning Dec. 15, 2010. The issue price of the shares will be determined by the 10-day volume-weighted average price on the last trading day of each month.

Jim Engdahl, president and chief executive officer of GWMG, said: "Engaging Byron to provide strategic advisory services will be valuable to our company, given Byron's knowledge of the rare earths industry and the wide array of development options available, as our company moves toward becoming a fully integrated rare earths producer. We anticipate significant activity in this sector over the next year, and Byron will be able to assist GWMG in understanding the opportunities and challenges during this time."

We seek Safe Harbor.