An anonymous company representative reports

GREAT WESTERN MINERALS PROVIDES UPDATE REGARDING SALE OR INVESTOR SOLICITATION PROCESS AND DIRECTOR AND OFFICER RESIGNATIONS

On a motion by the ad hoc committee of holders of the company's $90-million (U.S.) 8.00-per-cent secured convertible bonds due 2017, the Ontario Superior Court of Justice -- commercial list -- has granted an order expanding the powers and duties of PricewaterhouseCoopers Inc., the court-appointed monitor in the company's proceedings under the Companies' Creditors Arrangement Act (Canada) to, inter alia, pursue the continuing sale or investor solicitation process and otherwise perform such other functions or duties, on behalf of the company, as the monitor considers necessary or desirable to facilitate or assist the company in dealing with its operations, property or other activities. The order also extended the stay of proceedings and the outside date for completion of the SISP to July 13, 2015.

The company further announced today the resignation of K. Marc LeVier as president and chief executive officer of the company, effective immediately, and that the members of the board of directors have resigned, effective immediately. Under its expanded powers, the monitor will have the ability to act on behalf of Great Western to move forward with the SISP and complete any related transactions.

We seek Safe Harbor.