Gowest Gold Ltd. announced that it has filed the technical report supporting its previously announced update on its gold resources at its 100% owned Frankfield East Gold Deposit, part of its North Timmins Gold Project (NTGP) in the prolific Timmins Gold Camp in Ontario, Canada. The updated resource contains approximately 945,600 ounces of gold ("Au") in the indicated category (6.0 million tonnes at a grade of 4.9 grams per tonne ["g/t"] Au) and 536,800 ounces of gold in the inferred category (3.7 million tonnes at a grade of 4.2 g/t Au). As was used in the Company's recent Preliminary Economic Assessment, the current estimate is based on a 3.0 g/t Au cut-off and a conservative gold price of USD 1,200/oz. This new resource estimate has been completed by Neil N. Gow, P. Geo., an independent Qualified
Person, and reported in accordance with Canadian Securities Administration National Instrument 43-101 ("NI 43-
101") requirements and CIM Standards on Mineral Resources and Reserves. The Frankfield East deposit modeling utilizes assay data from 292 diamond drill holes, including 60 holes for 20,319 meters that had not been included in the previous estimate. In line with the company's recently announced plans to accelerate the timetable for putting the Frankfield East deposit into production. The lower overall average resource grades are the result of the use of the 3D block modeling techniques. However, consistent with the previous resource estimates, the majority of the resource ounces in the project are contained in blocks greater than a 4 g/t Au cut-off with an average grade in excess of 6 g/t Au.