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Gowest Engages Stantec to Complete Pre-Feasibility Study for the Bradshaw Gold Project

Oct 16, 2014

Gowest Gold Ltd. announced the hiring of Stantec Consulting Ltd. of North Bay to conduct a pre-feasibility study and to complete a National Instrument 43-101-compliant report for the development of the Corporation's Bradshaw Gold Project near Timmins, Ontario.

"We are very pleased to have Stantec, one of the world's most experienced engineering groups, supporting our team as we move forward in our goal to design, build and operate the Bradshaw Gold Project. We expect Bradshaw will be the next new gold mine in the Timmins Camp," said Greg Romain, Chief Executive Officer of Gowest.

The purpose of the pre-feasibility study is to develop a preferred option for developing the Bradshaw Gold Project. The facets of the mining project that are covered in a pre-feasibility study include the completion of the ore body geological mapping and analysis of geotechnical, mineralogical and hydrogeological data. And the designs for the mine and related infrastructure facilities are developed and environmental baseline data is collected.

The information collected in the pre-feasibility study is used to begin the community consultation process and to identify any issues that may impact on the final project design and to gain public support.

Gowest’s pre-feasibility study is expected to be completed in Q1 of 2015.

Gowest has signed a letter of intent with Glencore’s Kidd Creek Mill in Timmins to have its ore milled and a memorandum of understanding with United Commodities to refine the ore at its North Cobalt Refinery.

Stantec is an internationally recognized engineering firm that has been responsible for significant infrastructure projects around the world. They are a world leader in underground mine design and related infrastructure requirements. Their teams have worked in over 30 countries over the past 20 years on some of the most technologically advanced and challenging mines in the world, including mines such as PT Freeport Indonesia's Grasburg Block Cave, one of the largest mines ever to be constructed.

Stantec also provided the detailed engineering, conceptual scoping, pre-feasibility and feasibility studies of the underground infrastructure for the Glencore's Nickel Rim South Project in Sudbury, Ontario. Stantec's proven expertise working on numerous projects of varying scope and costs enables them to bring in-house specialists with the knowledge and capability to provide the "best-in-business" results to all critical areas of their project deliverables.

At the same time, Stantec has proven its commitment to operating in a manner that is sensitive to the environment and the needs of the local communities affected by their work.

Technical Advisor, Mine Development

Gowest has also added Veikko Koskela, a mining engineer with more than 33 years of mining experience, as Technical Advisor, Mine Development to its technical team. Veikko has been involved in the design and construction of numerous projects around the world. Most recently he was Technical Manager, Consulting Engineer in Jeddah, Saudi Arabia, where he oversaw the international surface construction and mining teams building Al Masane Cu-Zn Project. He was also responsible for the resource and reserve estimates and implementation of mechanised underground mine development and production utilizing contract miners.

Veikko's primary responsibilities with Gowest will be to work as part of the Corporation's technical team as Gowest advances the Bradshaw Gold Project through the design, engineering and construction phases leading up to production.

About Gowest

Gowest is a Canadian gold exploration and development company focused on the delineation and development of its 100% owned Bradshaw Gold Deposit (Bradshaw), on the Frankfield Property, part of the Corporation's North Timmins Gold Project (NTGP). Gowest is exploring additional gold targets on its 109-square-kilometre NTGP land package and continues to evaluate the area, which is part of the prolific Timmins, Ontario gold camp. The latest updated resource estimate for Bradshaw included 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 Corporation's Preliminary Economic Assessment, the current estimate is based on a 3.0 g/t Au cut-off and a gold price of US$1,200/oz. This resource estimate has been completed by Neil N. Gow, P. Geo., an independent Qualified Person, and reported in accordance with the requirement of National Instrument 43-101 - Standards of Disclosure for Mineral Projects and CIM Standards on Mineral Resources and Reserves.

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