CORRECTION: Half Yearly Report

The following amendments have been made to the 'Half Yearly Report' announcement released on 27 July 2015 at 7.00 a.m. under RNS No. 0916U:

-      The report incorrectly disclosed that the number of ordinary shares at the start of the period, at the end of the period and the weighted average number of ordinary shares for the purposes of calculating basic earnings per share was 64,823,809. This has now been correctly disclosed as 264,823,809. The basic profit per share (cent) was disclosed as 0.14, this has now been correctly disclosed as 0.03.

-      The Foreign Currency Exchange Reserve transaction for (€184,726) was reflected in Consolidated Statement of Financial Position, but omitted in the Consolidated Statement of Cash Flows. This has now been amended.  

All other details remain unchanged.

An amended version of the Interim Report and Condensed Consolidated Financial Statements for the period ended 30 June 2015 has been uploaded to the Investor Relations section of the Company's website, www.greatwesternmining.com.

The full amended text is shown below.

Great Western Mining Corporation plc

("Great Western ", "GWM" or the "Company")

Half Yearly Report

Great Western Mining Corporation plc, the AIM (AIM:GWMO) and ESM quoted mineral exploration company with 73 sq. kilometres of mineral claims in south-west Nevada USA, announces its Half Yearly Report for the six months to 30 June 2015.

Highlights:

·     Pre Tax Profit  €88,784 (Loss €258.730 in H1 2014)

·     Basic and Diluted profit per share (cent) 0.03 (Loss 0.11 in H1 2014)

·     2015 field programme extends area of IOCG mineralisation by 2.0 Km

·     M2 reclamation completed and disturbance roll over approved. Permit in place for Phase 3 Drilling Programme

·    Target 4 Phase 1 Drilling Programme permit application process completed, awaiting approval

·     M1 geochemical soil sampling programme completed

Chairman and Chief Executive's Statement

Great Western is focused on exploration and currently has no operating income, reporting   profit in the reporting period of €88,784 (Loss €258,730 H1 2014).  GWM finished the period ending 30 June 2015 with net current assets of €1,214,212 (€2,165,703 in 1H 2014)

During the first half of 2015 Great Western completed two field programmes on M2 with excellent results. The mapping and sampling extended the Iron-Oxide-Copper Gold ("IOCG") surface trace from the original inferred resource at M2 for a further two kilometres across Bass Mountain. This has enabled the Company's independent consulting geologist, Donald G Strachan, to conclude that the favourable geologic environment for IOCG mineralisation beneath Bass Mountain is almost 4.0 kilometres long, over 1.0 kilometre wide, and open to further southwest extension. In addition two new potential high grade silver-copper zones were identified along the M2 IOCG contact.

During the period, GWM completed reclamation work on the 2014 M2 Phase 2 drill pads, resulting in the US Bureau of Land Management ("BLM") extending a two and a half acre disturbance roll-over under the existing M2 drill permit. Great Western is in the process of designing a Phase 3 drill programme, in order to commence discovery level drilling for the projected high-grade underground IOCG deposit beneath Bass Mountain.

Great Western Mining is planning a discovery level drilling programme on Target 4, approximately 5.0 kilometres south-west from M2.  The Company has now submitted a Plan of Operations, Biological Survey Report and Cultural Survey Report to the United State Forestry Service ("USFS"). The USFS evaluation of these reports is now largely complete, and the Company anticipates receiving permit approval early September.

On the west side of the Huntoon Valley, approximately 8.0 kilometres west of Target 4. is the M1 exploration target, located in the Huntoon Group of claims. The Huntoon claim block surrounds the six patented claims that make up the historic Huntoon Mine where Gold-Copper ore was mined between 1906 and 1925. Extensive outcropping copper mineralisation and widespread propylitic alteration occur in a large area over M1. During May and June, a Phase 1 geochemical soil sampling survey has been completed over a substantial area of M1. The Company is eagerly awaiting the assay results and will report its findings to shareholders when available.

In the reporting period Great Western continued to make rapid advances on its mineral projects in Nevada. The Board and management greatly appreciate shareholder support and plans to maintain the momentum achieved and to move forward rapidly so as to bring the Company's prospects closer to commercialisation.

Brian Hall                                                                                                            David Fraser

Chairman                                                                                                            Chief Executive
 

Condensed Consolidated Statement of Comprehensive Income

for the period ended 30 June 2015

Condensed Consolidated Statement of Changes in Equity

for the period ended 30 June 2015

Condensed Consolidated Statement of Financial Position

as at 30 June 2015

Condensed Consolidated Statement of Cash Flows

for the period ended 30^th June 2015

ENQUIRIES: