Great Western Minerals Group Grants Toyota Tsusho Corporation Extension on Letter of Intent

SASKATOON, SASKATCHEWAN--(Marketwire - Jan. 20, 2010) - Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (PINK SHEETS:GWMGF) announced today that, at the request of Toyota Tsusho Corporation (Tokyo Stock Exchange - "8015T"; Nagoya Stock Exchange - "8015NG"), it has extended the expiry date of the non-binding letter of intent (the "Letter of Intent") between Great Western Minerals Group Ltd ("GWMG" or the "Company") and Toyota Tsusho Corporation ("TTC"), originally announced in the Company's news release of July 21, 2009.

The expiration date of the Letter of Intent has been extended to March 31, 2010 to allow TTC additional time to compile assay results and to complete metallurgical testing of the samples collected by TTC from the Company's Douglas River and Benjamin River exploration projects. The exclusivity provision in the original Letter of Intent will remain in effect during the period of the extension.