Gowest Amalgamated Resources Ltd.
TSX VENTURE : GWA
OTC Bulletin Board : GWSAF
FRANKFURT : 1GW

Gowest Amalgamated Resources Ltd.

April 06, 2011 17:00 ET

Gowest Announces Name Change

TORONTO, ONTARIO--(Marketwire - April 6, 2011) - Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA)(OTCBB:GWSAF)(FRANKFURT:1GW) is pleased to announce that, as approved by the Company's shareholders at an annual and special meeting held on March 29, 2011, the Company has changed its name from Gowest Amalgamated Resources Ltd. to Gowest Gold Ltd. The name change remains subject to final acceptance from the TSX Venture Exchange.

The change of name is intended to better reflect the Company's focus on gold exploration, development and acquisition.

Gowest is also pleased to announce that it intends to acquire the mineral rights in respect of a 64 hectare property contiguous to the Company's existing land package in Tully township, just north of the city of Timmins. Payment for the property will consist of $10,000 cash and 25,000 common shares of Gowest. The mineral rights are being purchased from an arm's length third party and are subject to an existing 3% net smelter royalty. This transaction is anticipated to be completed within the next two weeks.

About Gowest

Gowest is a Canadian gold exploration and development company focused on the delineation and development of its 100% owned Frankfield East gold deposit. Gowest is exploring additional gold targets on the Frankfield land package and continuing to evaluate acquisition targets in the vicinity of the Frankfield project area, part of the prolific Timmins, Ontario 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.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

Contact Information

  • Gowest Gold Ltd.
    Greg Romain
    President & CEO
    (416) 363-1210
    info@gowestgold.com
    or
    Gowest Gold Ltd.
    Rory Quinn
    Investor Relations
    Toll Free: (877) 363-1218 or Tel: (416) 363-1210 ext. 208