Interim Results

IEOOBIFR8863/GBP/PLUS-exn 23/09/2008 GREAT WESTERN MINING CORPORATION PLC ("GWMC" or the "Company") UNAUDITED INTERIM FINANCIAL RESULTS FOR THE 6 MONTH PERIOD ENDED 30 JUNE 2008 The Directors of Great Western Mining Corporation Plc are pleased to announce the interim financial results for the six month period ended June 2008. Highlights * The Company has extended its area under claim to 7.4 square kilometres. * Bulk Sample Tests on Ming Toy discovery reported: 0.35% to 0.45% Uranium 5.25 oz. of silver per ton 0.144 oz. of gold per ton * At current prices this would yield in the region of $700 per short ton, assuming 100% recovery. * The Company was chosen "The Best Resource Share" of 2008 on the PLUS Market in London. Developments Over the past three years the Company has assembled a thorough, in-depth geological and historical data base focused on the area of our interest in west central Nevada. This database has been augmented by extensive field work and laboratory testing which determined the Company's selection of acreage under claim. In addition to the Ming Toy uranium discovery (with associated gold and silver values), a number of base metal copper and lead prospects have been identified. A Competent Persons Report is being assembled as we go to print and should be available shortly. It is expected to recommend a detailed drilling programme designed to determine the extent of the Ming Toy ore deposit. GREAT WESTERN MINING CORPORATION PLC For the period ended 30 June 2008 Audited Unaudited 9 Months to 6 Months to 31 December 30 June 2008 2007 EURO € EURO € Revenue - - Administrative expenses (309,542) (268,067) Interest receivables and similar income - 7,677 Loss for the period (309,542) (260,390) Basic loss per share in cents 1.16 Cent 1.00 Cent Diluted loss per share in cents 1.16 Cent 1.00 Cent ________________________________ The above financial results have been reviewed by the Company's auditors, LHM Casey McGrath. The Directors of the Company accept responsibility for this announcement. - ENDS - For further information, please contact: Great Western Mining Corporation Plc: Liam McGrattan, Investor Relations Director Tel: +353 87 274 5427 Emmett O'Connell, Chairman Tel: +353 51 565 844 Bishopsgate Communications Nick Rome or Michael Kinross Tel: +44 207 562 3366 Corporate Advisers St. Helen's Corporate Finance: Tel: +44 207 628 5582 www.greatwesternmining.com Notes to Editor: Great Western Mining Corporation plc is an Irish based exploration company, quoted on the PLUS Market. The company, which concentrates on gold, silver and uranium exploration, is based in Nevada, USA. Its headquarters are in Dublin. The Great Western Mining Corporation holds 89 gold, silver and uranium lode claims in the area near Marietta, Mineral County, Nevada. This US state consistently ranks as one of the leading geologically prospective and pro-mining legal jurisdictions in the world today. Crucially, it is also extremely stable from a geo-political perspective. Furthermore, as nuclear power usage expands rapidly across the globe, demand or the world's limited uranium resources will expand rapidly, pushing up the price for uranium ore. The company plans to build a varied portfolio of uranium ore claims in politically secure areas. Great Western Mining Corporation plc Great Western Mining Corporation plc
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