$3.5 million Capital Raising

Great Western Exploration Limited (ASX:GTE) (“Great Western” or “the Company”) is pleased to announce that it has received binding commitments from professional and sophisticated investors, to raise $3.5 million by way of a placement of 43,750,000 new fully paid ordinary shares in the Company (“New Shares”), at an issue price of $0.08 per New Share (“Placement”). The Placement ensures that Great W