Gowest Gold Ltd. has signed a Memorandum of Understanding with United Commodities AG, which contemplates a potential strategic partnership that would enable Gowest to have future concentrate from the company's Bradshaw Gold Deposit (Bradshaw) refined at UC's processing facility in North Cobalt, Ontario. Gowest's 100% owned Bradshaw deposit, on the Frankfield Property, is part of the Company's 107-square-kilometre North Timmins Gold Project (NTGP) located in the prolific Timmins, Ontario gold camp. Gowest has also entered into a non-binding Letter of Intent with Kidd Operations in Timmins, Ontario.

That plan is to process Gowest's ore into a high-grade (+90 grams per tonne) gold concentrate. Gowest will provide UC Yukon Refinery with gold concentrate test samples from Bradshaw. This would provide the primary basis for a decision to move forward, in which event, UC would install a new refinery on its North Cobalt facility, at its own cost, to refine Gowest's concentrate into gold doré.

Gowest would also be invited to become a co-owner of this refinery. Also, under the terms of this MOU, UC would have the opportunity to invest in Gowest's mining operations. In addition, as previously announced, Gowest has purchased the pressure autoclave and associated equipment that had been operating at Miramar Northern Mining Ltd.'s Con Mine near Yellowknife, Northwest Territories.

This unit may make up part of Gowest's investment participation with UC.