Gowest News

NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  GOWEST AMALGAMATED RESOURCES LTD.

TSX VENTURE SYMBOL:  GWA

MARCH 10, 2004 - 09:08 ET

Gowest Amalgamated Resources Ltd. Completes $200,000
Private Placement Financing

TORONTO, ONTARIO--Gowest Amalgamated Resources Ltd. ("Gowest") is 
pleased to announce that it has completed a non-brokered private 
placement whereby it issued 1,000,000 units (the "Units") at 
$0.20 each, for total gross proceeds of $200,000. Each Unit is 
comprised of one flow-through common share of Gowest and one 
common share purchase warrant (the "Warrant"). Each Warrant 
entitles the holder thereof to purchase one common share of 
Gowest at an exercise price of $0.30 until March 9, 2006. 

The Units are subject to a 12-month hold period, which expires on 
March 10, 2005. Gowest will use the proceeds to continue 
exploration on its Frankfield Project. 


/T/

Ronald J. Bradshaw
President

/T/



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FOR FURTHER INFORMATION PLEASE CONTACT:
Gowest Amalgamated Resources Ltd.
Ronald J. Bradshaw
President
(519) 538-5858
(519) 538-5530 (FAX)
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.