Gowest News

NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:   GOWEST AMALGAMATED RESOURCES LTD.

DECEMBER 01 2000 - 14:19 EDT

Gowest Amalgamated Resources Ltd. Proposes To Enter Into An
 Agreement With Northway Explorations Limited

GOWEST AMALGAMATED RESOURCES LTD. ("Gowest") proposes to enter
into an agreement with Northway Explorations Limited
("Northway"), a TSE listed company, pursuant to which agreement
Gowest would grant to Northway an option to acquire an undivided
40% interest in Gowest's 18 unpatented mineral claims in the
Wintering and Cuthbert Lakes area of Manitoba (the "Claims"). To
acquire a 40% interest, Northway would have to fund an aggregate
of $300,000 to be expended on the exploration of the Claims prior
to December 31, 2001. Northway will be firmly committed to fund
only $180,000; however no interest in the Claims will be earned
by Northway unless it funds $300,000 of exploration expenditures.

The Claims are held by Gowest under an option agreement ( the
"Underlying Agreement") with Emile Chaboyer ("Chaboyer") pursuant
to which Underlying Agreement Gowest can acquire a 100% interest
in the Claims by paying to Chaboyer an aggregate of $100,000
($10,000 of which has been paid) over a three year period ending
May 15, 2003. The Claims are subject to a 2% net smelter returns
royalty reserved to Chaboyer. Pending Northway exercising its
said option, Gowest shall maintain the Claims in good standing
and make all option payments to Chaboyer pursuant to the
Underlying Agreement. If Northway exercises its option and
acquires a 40% interest in the Claims, then any option payments
remaining to be paid to Chaboyer under the Underlying Agreement
shall payable by Gowest as to a 60% share and by Northway as to
a 40% share. 

The proposed transaction is subject to regulatory approval. 

/T/                              "Ronald Bradshaw"             
                              __________________________________ 

                              Ronald Bradshaw - President
/T/
For further information contact:   
Ronald J. Bradshaw 
Gowest Amalgamated Resources Ltd.
/T/Phone: (519) 538-5858
Fax:   (519) 538-5530
Email: arejay@bmts.com/T/

The Canadian Venture Exchange (CDNX) has neither approved nor
disapproved the information contained herein.








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