Gowest News

NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  GOWEST AMALGAMATED RESOURCES LTD.

TSX VENTURE SYMBOL:  GWA

FEBRUARY 26, 2004 - 16:30 ET

Gowest Amalgamated Resources Ltd: Frankfield
Drilling-Third Report

TORONTO, ONTARIO--Drilling continues on the Gowest - New Texmont 
(50:50) joint venture gold property in Tully Township, northeast 
of Timmins, Ontario. Gold values of economic interest continue to 
be encountered as they have in every hole. The last report was 
released on February 11, 2004. 

Nine borings have been completed and we have received assay 
results for seven holes. To provide continuity, the gold 
intersections previously reported, are included in the table 
below.  


/T/

Hole    Location      Main Zone                   Sub Zone    Vertical
----    --------      g p t / W   Vertical Depth  g p t / W    Depth
        From W to E   ---------   --------------  ---------   --------

04-03   16+60E         11.80/3         150 m                        
        +50m
04-02   17+10E          5.51/6         150 m                        
        +50m 
04-01   17+60E          4.24/5         150 m       2.93/12      140 m  
        +50m
04-04   18+10E          5.21/1         150 m        4.16/3      108 m
        +50m 
04-11   18+60E          ------         150 m        8.42/3       70 m
        From E to W 
04-05   18+00E          13.8/4         200 m        4.79/2      150 m
        -50m
04-06   17+50E          8.38/4         200 m            

g p t / W represents  grams/tonne gold  true width of zone is
                      core length in    approximately 80% of core length
                      metres                              

/T/

The last three highlighted holes have not previously been 
reported. 

The above table indicates that the main zone is being intersected 
at the 150 and 200 metre levels (below surface) by south bearing 
holes at 50 metre intervals. The above intersections come from a 
portion of the Frankfield Zone, which until now, was untested. 

The main zone is open to the west, while to the east, in hole 
04-11, the mineralization has dissipated. However, the favourable 
host rock is present and will require future attention. The main 
zone will be tested for a minimum length of 350 metres at the 200 
metre level. 

This drill program is being conducted according to the 43-101 
protocol requirements. Swastika Laboratories, an accredited 
facility, is undertaking the gold analyses using the standard 
fire assay method. The writer is the qualified person for 
planning and implementation of the program. 

Ronald J. Bradshaw, P.Eng President 

Gowest Amalgamated Resources Ltd  

Issued and Outstanding: 11,034,333  

-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Ronald J. Bradshaw
(519) 5385858
(519) 5385530 (FAX)
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