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Great Western Minerals Announces Letter of Intent with Star Uranium for Option and JV on Hoidas Lake Project

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Great Western Minerals Group Ltd. (GWG.V), into the manufacturing and supply of rare earth-based alloys and high purity metals and trading near a year low 13.5 cents, just after close of trade Tuesday announced a letter of intent with Star Uranium Corp.(SUV.V) to enter into an option and joint venture agreement in respect of the Hoidas Lake Project, an area comprised of 14 mineral claims totaling approximately 12,522 hectares and related property in northern Saskatchewan.

The LOI is intended to serve as a basis for the negotiation and execution of the definitive agreement. The completion of the option and Hoidas Lake joint venture is subject to the approval of the TSX Venture Exchange and all other required regulatory, corporate and security holder approvals.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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