07/28/2005- Brokered Private Placement Arranged

[Franko10 ™]

Great Western Minerals Group Ltd.: Brokered Private Placement Arranged


11:17 EDT Thursday, July 28, 2005

CARDINAL CRESCENT, Saskatoon (Business Wire) -- Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (OTCBB:GWMGF):

Gary Billingsley, President, reports that Union Securities Ltd. will act as exclusive agents with respect to a brokered private placement. The issue will be targeted to Accredited Investors. Details of the proposed financing are:


Issuer: Great Western Minerals Group Ltd.

Gross Proceeds: Up to CDN$1,500,000, half of which will be
flow-through funds eligible for federal tax
credits, and provincial tax credits where
applicable.

Offering: Up to 1,500,000 units ("Units"). Each Unit
shall consist of one flow-through common
share, one non-flow-through common share and
one-half of a purchase warrant. Each whole
share purchase warrant will entitle the
holder to purchase an additional common
share at a price of CDN $0.70 for a period
of 18 months.

Offering Price: CDN$1.00 per Unit.

Offering Jurisdictions: British Columbia, Alberta, Saskatchewan and
Manitoba, and in any other jurisdiction
agreed to by the parties.

The funds will be used to explore and develop the Company's mineral
projects in Saskatchewan and the USA and to develop other business
opportunities.

Gary L. Billingsley, C.A., P.Eng., P.Geo.
President



CUSIP: 39141Y 10 3

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the foregoing contents.

Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (OTC Bulletin Board:GWMGF)

Great Western Minerals Group Ltd.
Gordon Dent
[phone]
OR
Great Western Minerals Group Ltd.
119A Cardinal Crescent
Saskatoon, SK S7L 6H5
[phone]
Email: [e-mail]
Website: www.gwmg.ca