Gowest Amalgamated Resources Ltd.

Gowest Amalgamated Resources Ltd.

November 12, 2009 08:30 ET

Gowest Reports New Soil Anomalies Indicate the Frankfield East Gold Deposit May Be Part of Larger Gold-Hosting System

TORONTO, ONTARIO--(Marketwire - Nov. 12, 2009) - Gowest Amalgamated Resources Ltd ("Gowest" or the "Company") (TSX VENTURE:GWA) is pleased to provide an update on their current work program at the 100% owned Frankfield gold project in Timmins, Ontario.

Phase 1 of the soil sampling program ("the sampling program") has been completed with all samples analyzed using soil gas hydrocarbon (SGH) techniques by Activation Laboratories Ltd ("Actlabs"). The purpose of this phase of the exploration program was to determine if the SGH technique could be utilized to search for gold mineralization anomalies by analyzing samples of glacial till at the Frankfield project site. Two "calibration" sample lines were completed over areas that included zones of previously identified mineralization.

The SGH results (refer to Figure 1) identified a number of gold anomalies. As expected, an anomaly was located in close proximity to the known Frankfield East Deposit (2,200,000 tonnes @ 6.5 g/t for 510,000 contained ounces). A similar anomaly was discovered on the far west extension of the geological contact structure that passes through Frankfield East and is believed to be the source of the gold mineralization. In addition, two anomalies were located south of the Frankfield East deposit and were coincident with two similar geological contact structures that had been previously identified by Gowest but have yet to be drill tested.

Greg Romain, President and CEO of Gowest commented on the results of the first phase of SGH sampling stating: "These results illustrate the opportunities that exist for an expansion of the known resources at the Frankfield project. The presence of a promising soil anomaly west of the Frankfield East deposit confirms our belief that the identified geological contact structure in this area holds the potential for additional mineralization along a much longer strike length than has been previously explored. In addition, the identification of additional anomalies in the south is a very promising development. The company had previously identified these structures as being geologically similar and a promising area for the hosting of additional gold mineralization but they have yet to be tested by drilling. As we continue to acquire additional data in preparation for our upcoming winter drill program we are very encouraged as the Frankfield East deposit appears to be part of a larger regional gold-hosting system."

Following the receipt of the encouraging phase 1 sample results, the Company has decided to complete a phase 2 in-fill sampling program that will examine the entire southern portion of the Frankfield project concession area. In addition, the company is pleased to announce that it is now in possession of the raw data from a recently completed high-resolution magnetic survey by Fugro over the same areas. This survey will allow for the preparation of detailed 3D models that will expand the current understanding of the gold-bearing geological contact surfaces. Following the completion of the final data analysis this new modeling will be combined with the results from the phase 2 soil sampling program to allow for the final definition of a significant new drill program planned for early 2010. The drill program is intended to demonstrate the expansion potential of the known resources at the Frankfield project.

The analysis of soil gas hydrocarbons (SGH) is a relatively new procedure developed to detect the presence of organic compounds remaining from bacterial activity. Actlabs has worked to develop a database of "pathfinder" organic species that are associated with the presence of gold-bearing mineralization. The procedure is ideal for exploration areas like those at the Frankfield project where more conventional sampling techniques often fail to recognize the presence of indicator metals as these species are unable to pass through the layers of semi-impermeable glacial till that are present over the bedrock. The SGH data analysis procedure allows for the weightings of individual pathfinder species to be modified in order to better tailor the results to the specific project environment which is being investigated. Following the completion of the phase 2 sampling program Gowest plans to work with Actlabs to further optimize the SGH results for the Frankfield project area.

Qualified Person

This press release has been reviewed by Mr. Darren Koningen, P. Eng., Gowest's Vice President of Technical Services. Mr. Koningen is a Qualified Person under National Instrument 43-101.

About Gowest

Gowest is a Canadian gold exploration and development company focused on financing, exploring, growing and mining its 100% owned 510,000 oz (2,200,000 tonnes @ 6.5 g/t) Frankfield East gold deposit, part of the greater Frankfield Project in the prolific Timmins gold camp.

Forward looking statements

This news release contains certain "forward looking statements". Such forward-looking statements involve risks and uncertainties. The results or events depicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

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