GWA Gowest Gold Ltd

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THE UNITED STATES


Gowest Gold Ltd. (TSX VENTURE:GWA) ("Gowest" or the "Company") is pleased to
announce it has received a $750,000 royalty payment from Gold Royalties
Corporation ("Gold Royalties"), one of two Canadian royalty companies (the
"Purchasers") that, as previously announced, had signed a non-binding Letter of
Intent for the purchase of: (i) a 2.0% gross royalty interest on gold production
from Gowest's North Timmins Gold Project ("NTGP"), including the Bradshaw Gold
Deposit (formerly named Frankfield East); and (ii) a right-of-first refusal
agreement with respect to future gold streams associated with the NTGP, in
exchange for an aggregate consideration of CDN$1,500,000 (see Gowest news
release dated October 22, 2013).


This payment follows the completion of due diligence and a definitive agreement
with Gold Royalties. The balance of the funds are expected to be received by
Gowest on or about December 20, 2013.


Meanwhile, the Company is continuing to advance its previously announced plans
(see October 22, 2013 news release) to complete a non-brokered private placement
of up to 50,000,000 units of the Corporation at a price of $0.05 per unit, for
gross proceeds of up to $2,500,000 (the "Offering"). Each unit will be comprised
of one common share and one common share purchase warrant (a "Warrant"), with
each Warrant being exercisable to acquire one common share of the Corporation at
a price of $0.08 for a period of 24 months following the closing date of the
Offering.


"With the completion of the definitive agreements and this first of two royalty
payments, we are now in a better position to focus on the private placement
offering we announced in October," said Greg Romain, President and CEO of Gowest
Gold Ltd. "This takes us another step closer to our vision of bringing the
Bradshaw Gold Deposit into production as the next gold mine in the Timmins
camp."


About Gowest

Gowest is a Canadian gold exploration and development company focused on the
development of its 100% owned Bradshaw Gold Deposit (Bradshaw) (formerly
Frankfield East), on the Frankfield Property, part of the Company's North
Timmins Gold Project (NTGP) Gowest is exploring additional gold targets on the
107-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 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 US$1,200/oz. The resource estimate was
updated on November 20, 2012 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.


Forward-looking statements

This news release contains certain "forward-looking statements". Such
forward-looking statements involve risks and uncertainties. The results or
events depicted in these forward-looking statements may differ materially from
actual results or events. Any forward-looking statement speaks only as of the
date of this news release and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future events
or results or otherwise.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gowest Gold Ltd.
Greg Romain
President & CEO
416-363-1210
info@gowestgold.com


Gowest Gold Ltd.
Greg Taylor
Investor Relations
905-337-7673 or Mobile: 416-605-5120
gregt@gowestgold.com

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