Gowest Amalgamated Resources Ltd.
TSX VENTURE : GWA

Gowest Amalgamated Resources Ltd.

February 28, 2008 09:00 ET

Gowest Reports Surface Sampling Results From Molybdenite Lake

Bulk Samples Average 0.09% Mo; Two Bulks Return 0.18% Mo

TORONTO, ONTARIO--(Marketwire - Feb. 28, 2008) - Gowest Amalgamated Resources Ltd. (TSX VENTURE:GWA) is pleased to report assay results of its previously announced surface sampling from the Company's wholly owned Molybdenite Lake property, 15 kilometres northwest of Wawa, Ontario (see Gowest news release of February 14, 2008.)

A total of 176 samples of three types - bulk, channel and muck - were collected in the fall of 2007 from 11 sites (see map below) over a widespread and stripped surface area adjoining to the east and southeast of Molybdenite Lake. This includes 11 bulk samples collected from areas with both previously known mineralization and newly discovered sites, average 0.09% molybdenum (Mo) (see table below). Three of these bulk samples (#2,3,4) extracted from a northeast-trending structure, south of the Lake, average a significant 0.14% Mo.

The molybdenite (MoS2) mineralization around Molybdenite Lake is structurally controlled and associated with quartz veins and stringers, stockworks, breccias and fractures in felsic intrusive rocks. The similarity between the Gowest mineralization and those primary deposits, some forming mines, of the Canadian Cordillera is particularly notable. The Cordilleran deposits range from 0.06 to 0.11 % Mo and, dated to the Mesozoic era, are roughly two billion years younger than the Molybdenite Lake deposit. Despite this huge age differential, the genesis of the deposition is basically the same.

"We are extremely encouraged by these results, especially as we see the growing market demand and price for moly combined with the geological and structural similarities between our property and (several) of Canada's best molybdenum mine deposits," said Gowest's President, Ron Bradshaw. "We are looking forward to seeing the results later this year of our recently launched 4000 metre diamond drill program."

Technical Review:

Two sample groups (#1-8 south and #9-11 north) (see map) were collected from areas approximately 800 metres (m) apart. At each location, three types of samples were recovered, the bulk sample being the most important since the analyses for molybdenum most closely represent the content within the rock. The individual bulk sample comes from a newly blasted rock trench, 3 m long, 1 m wide and 0.5 m deep, established perpendicular to the trend of the MoS2 mineralization. An approximate 1 tonne sample was recovered from the trench using a backhoe for placement and transport in a fabric tote bag. A special effort was made to avoid any sorting or preferential selection of rock material.

Parallel and within 1 m of each rock trench saw cut channel samples were recovered from an opening 3 m long, 10 centimetres (cm) deep and 5 cm wide. Three samples, each 1 m long, were extracted from the channel by chisel and jack hammer.

Finally, three muck samples were recovered from an area of 1 m2 in each rock trench. These samples consisted of randomly selected broken rock, weighing about 10 kilograms.

All of the samples at the end of each working day were stored in a secure location prior to shipment. Muck and channel samples were delivered to Swastika Laboratories and the bulk samples were transported to Polymet Laboratories for processing.

The bulk samples were crushed to less than 20 mesh (coarse sand size) and fractions recovered via a sampling tower: ultimately 4 from the -20 mesh, 3 from the oversize material and 3 from the fine dust material. Thus ten fractions from each bulk sample were packaged for delivery and analyses of molybdenum (Mo) metal by Accurassay Ltd.

R.J. Bradshaw, P.Eng. President, Gowest Amalgamated Resources Ltd., is the qualified person responsible for the verification of the information and data used in this release and is satisfied that the information and data meet the appropriate standards.



Average % Mo
2007 Sampling Program
Molybdenite Lake Property

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SAMPLE TYPE MUCK BULK CHANNEL
--------------- SAMPLE SAMPLE SAMPLE
SAMPLE LOCATION
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1 0.085 0.08 0.008
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2 0.151 0.18 0.403
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3 0.050 0.06 0.185
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4 0.119 0.18 0.250
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5 0.226 0.08 0.166
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6 0.124 0.07 SNA
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7 0.042 0.06 0.030
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8 0.177 0.04 SNA
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9 0.089 0.05 0.094
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10 0.067 0.08 0.056
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11 0.550 0.05 0.076
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SNA - Sample Not Available
Muck Sample - Average of Three
Bulk Sample - Average of Ten
Channel Sample - Average of Three


To view a map of Molybdenire Lake Property, please visit the following link: http://media3.marketwire.com/docs/molybdenitemap.pdf

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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