Gowest News

NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  GOWEST AMALGAMATED RESOURCES LTD.

TSX VENTURE SYMBOL:  GWA

JANUARY 29, 2004 - 16:00 ET

Gowest Amalgamated Resources Ltd.: Frankfield
Drilling-Good Gold Widths in First Hole

TORONTO, ONTARIO--On behalf of the joint venture partners, Gowest 
Amalgamated Resources Ltd and New Texmont Explorations Ltd 
(50:50), Gowest management is pleased to present the assay 
results from the initial hole 04-01 in our first stage of 
drilling. 

This hole was drilled south at 55 degrees to intersect the gold 
bearing horizon at a vertical depth of 150 metres. Wide sections, 
including 8.0 and 28.9 metres, of mineralized rock having 
anomalous gold content were encountered. Between 173.5 and 197.5 
m down the hole, significant gold intersections are as follows: 

from 173.5 to 185.5 m, 2.93 g/tonne gold over 12 metres, 
including 

from 173.5 to 181.5 m, 3.68 g/tonne gold over 8 metres, and 

from 192.5 to 197.5 m, 4.24 g/tonne gold over 5 metres, including 


from 192.5 to 196.5 m, 4.93 g/tonne gold over 4 metres. 

Within the eastern sector of the deposit, hole 04-01 is located 
in an unexplored vertical area, roughly 200 metres, square. The 
closest previously drilled hole, 88-9, had an intersection of 
7.77 m averaging 3.32 g / tonne, 40 metres above the 5 m section 
described in 04-01. The 12 m intersection in 04-01 upper would 
represent a new zone. 

Our objective is to establish a gold resource. The plan, 
therefore, is designed to have holes intersect the mineralized 
zone at 50 m intervals both horizontally and vertically. 

Scattered reconnaissance drilling indicates a gold mineralized 
zone at least 500 m long and 600 m deep. The stratabound nature 
of the zone, consisting of irregular quartz-carbonate-sericite 
and heavy sulphides in a tuffaceous bed lends itself to good 
continuity, exceptional widths and lower but more uniform grades. 
For example, in hole 89-3, a width of 22.65 metres averaged 5.45 
g/tonne gold at a depth of 500 m. 

The program and disclosure of results is being undertaken 
according to the 43-101 protocol. The assay work is being 
performed by Swastika Laboratories Ltd using the standard fire 
assay method. 

Ronald J. Bradshaw, P.Eng. President 

Gowest Amalgamated Resources Ltd 

Shares Issued and Outstanding: 11,034,333 

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