Gowest News

NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  GOWEST AMALGAMATED RESOURCES LTD.

TSX VENTURE SYMBOL:  GWA

OCTOBER 14, 2004 - 11:30 ET

Gowest Amalgamated Resources Ltd.: Frankfield
Drilling-Summary Report

TORONTO, ONTARIO--(CCNMatthews - Oct. 14, 2004) - The first phase 
of the 2004 drilling program on the Gowest-New Texmont (50-50) 
joint venture in Tully Township northeast of Timmins, Ontario was 
completed in late July. A total of 6151 m in 23 holes were 
drilled to intersect the northerly dipping target at 50 m 
intervals, horizontally and vertically, between a depth of 100 
and 250 m; the last two holes both successfully intersected the 
target at about 300 m.  

The target is 600 m. long and 600 m deep, dips north at 70 
degrees and strikes easterly. Adjacent to the north of an 
ultramafic volcanic contact are a suite of dominantly felsic to 
intermediate volcanic tuffs which host a main gold zone within 20 
m of the contact and above the main zone, one sometimes two 
subsidiary zones. 

The gold zones are characterized by extreme deformation, 
including shearing and brecciation, quartz carbonate flooding and 
associated pyrite, arsenopyrite and hematite. The sulphides and 
carbon as graphite account for the electromagnetic conductivity 
of the main gold zone.  

Using a value-width cut-off of 3g/t gold and 2.6 m width, 
respectively, eleven of the 23 holes, which intersected the main 
zone, averaged 7.07 g/t (0.20 opt) over an average true width of 
3.62 m (12 feet). For the most part the potentially, economic 
mineralization is confined to a contiguous zone. 

Similarly, using a cut-off of 3g/t and 3 m width, respectively, 
one, sometimes two subsidiary zones were intersected in 12 of 23 
holes. These intersections averaged 5.63 g/t (0.16 opt) over a 
true width of 2.96 m (9.8 feet). Again the intersections tend to 
be contiguous and confined to a spatial group. Swastika 
Laboratories, an accredited facility, have done the gold analyses 
using the standard fire assay method. 

Ultimately, it is considered by the writer, that underground 
development work is required to categorize and better define the 
resource. At this location, comparatively thin overburden cover, 
2 to 3 metres locally, and rock exposure nearby, allows 
development by a ramp decline. 

Following the completion of the drill program, a National 
Instrument 43-101 report, dated October 5, 2004, was prepared by 
G.A. Harron, P.Eng., and has been filed on SEDAR 
(http://www.sedar.com). The joint venture partners are currently 
reviewing the project and considering the next phase of the 
program, as recommended by Mr. Harron, and the funding for this 
program. 

The report states that: " the full gold mineralization potential 
of this property has not been delineated ". Mr. Harron makes two 
recommendations. Firstly, that a down-the-hole geophysical survey 
be undertaken to detect anomalies represented by sulphide zones 
that are associated with gold mineralization and secondly, that a 
program of 5000 m of drilling be undertaken to test the zone at a 
depth of between 250 and 500 metres. Cost is estimated at 
$450,000. 

The program was conducted according to NI 43-101 requirements. 
Ronald J. Bradshaw, President of Gowest was the qualified person 
responsible for the planning and implementation of the program 
and he is satisfied with the procedures to verify the data.  

Ronald J. Bradshaw, P.Eng. President 

Gowest Amalgamated Resources Ltd 

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FOR FURTHER INFORMATION PLEASE CONTACT:
Gowest Amalgamated Resources Ltd.
Ronald J. Bradshaw
(519) 538-5858
(519) 538-5530 (FAX)
The TSX Venture Exchange has neither approved or disapproved the
information contained herein.