An anonymous director reports

GREAT WESTERN MINERALS PROVIDES UPDATE REGARDING FILING OF REPORTING DOCUMENTS

Great Western Minerals Group Ltd. has provided this biweekly update in accordance with National Policy 12-203 -- Cease Trade Orders for Continuous Disclosure Defaults (NP 12-203).

On March 30, 2015, the company announced that, for the reasons disclosed in the default announcement, it would be unable to file its audited, consolidated annual financial statements for the year ended Dec. 31, 2014, its management's discussion and analysis on the financial statements, and the chief executive officer and chief financial officer certificates in respect of the financial statements by March 31, 2015. The company was able to, and did, file its annual information form for the year ended Dec. 31, 2014.

As a result of the delay in filing the reporting documents, the company's principal regulator, the Financial and Consumer Affairs Authority of Saskatchewan, issued a management cease trade order (MCTO) on April 2, 2015, which restricts all trading in securities of the company, whether direct or indirect, by the company's chief executive officer and chief financial officer.

The previously disclosed discussions between the company and a steering committee of holders of the $90-million (U.S.) 8-per-cent secured convertible bonds due 2017 regarding a potential restructuring of the convertible bonds to date have not resulted in the company and the steering committee entering into a binding agreement. The company continues to explore strategic alternatives to a consensual restructuring of the convertible bonds, which may include the initiation of a sale or investment solicitation process in respect of the company's assets and business and/or the commencement of proceedings under applicable restructuring legislation. There is no assurance that the company will be able to restructure the convertible bonds or find an alternative to such restructuring, or that there will be any value for any shareholders in any such restructuring or alternative.

Until the reporting documents have been filed, the company intends to continue to satisfy the provisions of the alternative information guidelines found in sections 4.3 and 4.4 of NP 12-203 by issuing biweekly default status reports in the form of further news releases, which will also be filed on SEDAR.

We seek Safe Harbor.