MasterMetals: Great Western Minerals Provides Update Regarding Convertible Bond Restructuring and Annual Financial Statement Filing; Applies for Management Cease Trade Order

March 31, 2015

Great Western Minerals Provides Update Regarding Convertible Bond Restructuring and Annual Financial Statement Filing; Applies for Management Cease Trade Order

SASKATOON, SK--(Marketwired - Mar 30, 2015) - Great Western Minerals Group Ltd. ("GWMG" or the "Company") ( TSX VENTURE : GWG ) ( OTCQX : GWMGF ) provides an update regarding its cash position and discussions with a steering committee of holders (the "Steering Committee") of its US$90 million 8.00 percent Secured Convertible Bonds due 2017 (the "Convertible Bonds"), as well as its annual financial statement filing and application for a management cease trade order.