Gowest Amalgamated Resources Ltd.

Gowest Amalgamated Resources Ltd.

February 24, 2009 12:04 ET

Gowest Receives Shareholder Approval for Acquisition of 100% Interest in Frankfield Project

TORONTO, ONTARIO--(Marketwire - Feb. 24, 2009) - Gowest Amalgamated Resources Ltd. ("Gowest") (TSX VENTURE:GWA) announced today that is has received shareholder approval for its previously announced acquisition of a 50% undivided interest in the Frankfield gold project and certain additional exploration properties located adjacent to the Frankfield Property from New Texmont Explorations Ltd. ("New Texmont"). At the special meeting of shareholders, 100% of the shares were voted in favour of the acquisition. Following the completion of the acquisition, Gowest will hold a 100% interest in the Frankfield gold project and New Texmont will be a "control person" of Gowest (as that term is defined under the applicable policies of the TSX Venture Exchange). Gowest and New Texmont are working to close the transaction as soon as possible. Closing is subject to the satisfaction of certain closing conditions typical for a transaction of this nature and the final approval of the TSX Venture Exchange.

Neither 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.

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