LONDON, UNITED KINGDOM–( EMWNews – April 8, 2008) – Great Western Mining Corporation plc –

CHAIRMAN’S STATEMENT

The period under review has been marked by the Company’s transformation from a purely exploration profile to one increasingly of confirmation, validation and development. Highlights of operations to date include;

– Three sets of gold and silver test results.

– Three sets of uranium U308 test results.

– A bulk sample laboratory leeching test for recovery of U308.

– More than doubling the area under claim.

Field Programmes

The 2006 and 2007 field sampling programmes have confirmed our historical geological research; radioactive mineralisation is present on our claims, in addition to precious metals gold and silver. How much there is remains to be determined. This will be the object of much of our endeavours over the coming summer. As for the quality or richness of the deposit, that is perhaps best illustrated by comparison. In last year’s Annual Report, it was stated the first test results yielded values of 0.17% U308. By the end of the third set of results, readings were as high as 0.59% U308.

Third Uranium Test Results

In the fifteen samples taken to test primarily for U308 content the results, in percentage, were as follows:

% U308               % U308
1. 0.170           9. 0.292
2. 0.028          10. 0.061
3. 0.146          11. 0.043
4. 0.076          12. 0.212
5. 0.490          13. 0.596
6. 0.248          14. 0.138
7. 0.204          15. 0.564
8. 0.068

These outstanding results are the most recent of several previously announced surveys over the past year. The grades keep improving as we zero in on what we believe is the controlling geological feature of the deposition namely, the Ming Toy fault.

Bulk Uranium Sample Test

In late 2007 your Directors were determined to secure a bulk sample of uranium ore from the prospect to undertake a scaled-up test of its value and to examine if a low capital cost leaching plant would be an efficacious means of U308 recovery. Subsequently, a bulk sample was extracted and delivered to an appropriate laboratory in Colorado. We had hoped to have the results in time for publication in the annual report, but due to the strength of the ore, certain precautions had to be taken in the transportation and delivery of the bulk sample. I am confident the final report will be available in
time for the AGM.

Gold and Silver Results

The most recent test results for precious metals released to the Market on 11th February 2008 are listed below. They were taken from pits on the flanks of the Adit from which the U308 bulk sample had been extracted.

                                            Element
Unit                           Gold (Au)              Silver (Ag)
Sample #                  Grams per Ton            Grams per Ton
IWM - 1                            6.78                 1,549.00
IWM - 4                            7.77                   123.48
IWM - 5                           68.43                 4,696.60
IWM - 6                           12.75                   332.80
IWM - 11                           1.06                    44.48
IWM - 12                           7.59                   419.90
MC5A                               3.67                    69.30
MT122-04                           6.16                    90.80

In common with our uranium sampling, the values recorded continued to increase as the field survey and sampling teams became more familiar with the prospect’s geology.

The Next Step

2008 promises to be as busy a year as its predecessor. Establishing the extent and volume of the resource of precious metals and U308 will be a top priority. Another will be to seek out a suitable joint venture partner to develop the resource in an expeditious manner. To facilitate both objectives, the Company has retained a firm of Geological Engineers to publish a Competent Persons Report on the overall project; its history, regional geology, local geology, mineralogy, review of sampling programmes, and a suggested work schedule and scope for summer 2008.

Funding

The Company is well funded to achieve these goals, which your directors believe will provide market validation of the extent and value of our discovery.

The Directors will not be recommending the payment of a dividend for this period.

EMMETT O’CONNELL, Chairman

Group Income Statement
for the period ended  31 December 2007
                                           9 mths          12 mths
                                            ended            ended
                                         31/12/07         31/03/07
                                                ?                ?
Administrative expenses                  (268,067)        (226,098)
Interest Receivable and similar income      7,677                -

Loss for the period before tax           (260,390)        (226,098)

Taxation                                        -                -

Loss for the period                      (260,390)        (226,098)


Earnings per share:
Basic loss per ordinary share           1.00 Cent        1.36 Cent

Diluted loss per ordinary share         1.00 Cent        1.36 Cent

The results for the period all arise on continuing operations.

Group Balance Sheet
for the period ended 31 December 2007
                                                     31/12/07     31/03/07
                                                            ?            ?
Assets
Non-Current Assets
Intangible assets                                     496,936      460,913

Current Assets
Trade and other receivables                            81,011       26,892
Cash and cash equivalents                             673,867      338,936

                                                      754,878      365,828

Total Assets                                        1,251,814      826,741

Equity and Liabilities
Equity
Called up share capital                               267,520      250,020
Share premium account                               1,399,810      787,490
Profit and loss account                              (491,393)    (231,003)

Attributable to equity shareholders                 1,175,937      806,507

Liabilities
Current Liabilities
Trade and other payables                               75,877       20,234

Total Liabilities                                      75,877       20,234

Total Equity and Liabilities                        1,251,814      826,741

The information contained in this statement has been extracted from the audited accounts, which contain an unqualified audit report.

The Directors accept responsibility for the above announcement.