Gowest Gold Ltd.
TSX VENTURE : GWA
OTC Bulletin Board : GWSAF

Gowest Gold Ltd.

December 19, 2011 15:55 ET

Gowest Gold Retains GT Investor Relations Inc.

TORONTO, ONTARIO--(Marketwire - Dec. 19, 2011) - Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA)(OTCBB:GWSAF) announces that it has retained the services of GT Investor Relations Inc. ("GTIR") and its principal, Greg Taylor, to assist in its investor relations activities. Subject to TSX-V approval, GTIR will be paid a monthly fee of $5,000. In addition, the Company notes that 250,000 options to purchase common shares of the company are being granted to GTIR at an exercise price of $0.25 per share, expiring on December 16, 2016. The grant is subject to regulatory approval and standard vesting restrictions.

GTIR will focus on supplementing and expanding the Company's communications with the investment community through a comprehensive investor relations program. Mr. Taylor has been providing investor relations services to the mining industry for over fifteen years.

Gowest also announces that 400,000 options to purchase common shares of the company are being granted to a consultant to the Company at an exercise price of $0.25 per share, with immediate vesting, expiring on December 16, 2016.

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, as well as on the exploration of additional gold targets on North Timmins Gold Project area, part of the prolific Timmins, Ontario gold camp. The Frankfield East deposit has been estimated to contain 348,000 ounces of gold in the Indicated category (1,621,000 tonnes at a grade of 6.68 g/t Au) plus 838,900 ounces of gold in the Inferred category (4,342,000 tonnes at a grade of 6.01 g/t Au. The Company also continues to evaluate acquisition targets in the vicinity of the North Timmins Gold Project area.

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 SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Gowest Gold Ltd.
    Greg Romain
    President & CEO
    (416) 363-1210

    Gowest Gold Ltd.
    Greg Taylor
    Investor Relations
    905 337-7673 / Mob: 416 605-5120
    gregt@gowestogld.com