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: +353 51 565844 Fax: +353 51 565 884 Email: [email protected] Liam McGrattan, Director. Tel: 087 274 5427 Melvyn Quiller, U.K. Director. Tel: 0771 289 9588 SVS Securities Plc - PLUS Corporate Adviser. Tel: 020 7638 5600 Peter Ward / Alexander Brearley. SVS Securities Plc - Broker. Tel: 020 7638 5600 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