Issue of Convertible Loan

6 August 2010

                                     GREAT WESTERN MINING CORPORATION PLC

                                           (the "Company" or "GWM")

                                           Issue of Convertible Loan

The  Directors  of  the Company announce that the Company raised EURO 100,000 via the issue of an  interest-bearing
redeemable  convertible loan (the "Loan") to Chairman Emmett O'Connell on 22 June 2010. Until either conversion
or  repayment the interest on the value of the Loan will accrue at the Bank of Ireland's variable bank  lending
rate.  The Loan is convertible into the Company's ordinary shares of EURO 0.01 each (the "Ordinary Shares") at  the
lowest mid-market share price between 22 June 2010 and the conversion date. Additionally, the Loan is repayable
upon the demand of Emmett O'Connell.

Emmett  O'Connell's interest in the Company's Ordinary Shares remains unchanged, with Emmett O'Connell  holding
6,451,000 Ordinary Shares, with each Ordinary Share having one right to vote, representing 22.83% of the voting
rights in the issued ordinary share capital of the Company.

THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT

                                                  ---ENDS---

CONTACT DETAILS:

Great Western Mining Corporation plc.

Emmett O'Connell, Chairman.                                 Tel: [phone]

                                                            Fax: [phone]

                                                            Email: [e-mail]

Liam McGrattan, Director.                                   Tel: [phone]

Melvyn Quiller, U.K. Director.                              Tel: [phone]

SVS Securities Plc - PLUS Corporate Adviser.                Tel: [phone]

Peter Ward / Alexander Brearley.                            

SVS Securities Plc - Broker.                                Tel: [phone]

Ian Callaway / Alexander Mattey.

ABOUT GREAT WESTERN MINING CORPORATION PLC.

    1. GWM is an Irish exploration company with rights over approximately 33 square kilometres of mineral

       claims in Nevada. U.S.A.

    2. GWM's shares are admitted to trading on PLUS-quoted in London, trading symbol GWMO.

    3. Website: www.greatwesternmining.com

Great Western Mining Corporation plc