GWA Gowest Gold Ltd

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Gowest Gold Ltd. (the "Corporation" or "Gowest") (TSX VENTURE:GWA) is pleased to
announce that it has completed an additional closing of its previously announced
non-brokered private placement (the "Offering") for aggregate gross proceeds of
$179,000. At the closing, the Corporation issued a total of 2,237,500 units
("Units"), at a price of $0.08 per Unit, with each Unit being comprised of one
common share of the Corporation and one common share purchase warrant (a
"Warrant"). Each Warrant is exercisable to acquire one common share of the
Corporation at a price of $0.11 for a period of two years following the closing
date.


The Corporation has raised a total of $1,100,000 to date pursuant to the
Offering. As previously announced, the Corporation intends to issue and sell a
further 36,250,000 Units to Fortune Future Holdings Limited ("Fortune"), at a
price of $0.08 per Unit, for additional gross proceeds to the Corporation of
$2,900,000 (the "Second Fortune Closing"). The Second Fortune Closing is subject
to shareholder approval. A special meeting of the shareholders of the
Corporation is scheduled for August 15, 2014 for the purpose of obtaining
requisite shareholder approval. Meeting materials will be mailed to all
shareholders of record on July 16, 2014 on or prior to July 25, 2014.


Further details concerning the Offering, including the Second Fortune Closing,
are contained in the Corporation's press release of June 23, 2014.


All of the securities issuable in connection with the Offering will be subject
to a hold period expiring four months and one day after date of issuance.


The securities offered have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the United
States or to, or for the account or benefit of, U.S. persons absent registration
or an applicable exemption from registration requirements. This release does not
constitute an offer for sale of securities in the United States.


Subscriptions by insiders of the Corporation accounted for approximately $10,000
of the gross proceeds of this closing of the Offering. Participation by the
insiders in the Offering is exempt from the valuation and minority shareholder
approval requirements of Multilateral Instrument 61-101 - Protection of Minority
Security Holders in Special Transactions ("MI 61-101") by virtue of the
exemptions contained in Sections 5.5(b) and 5.7(1)(b) of MI 61-101.


Completion of the Second Fortune Closing remains subject to receipt of TSX
Venture Exchange approval.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OF THIS RELEASE.


About Gowest

Gowest is a Canadian gold exploration and development company focused on the
delineation and development of its 100% owned Bradshaw Gold Deposit (Bradshaw),
on the Frankfield Property, part of the Corporation's North Timmins Gold Project
(NTGP). Gowest is exploring additional gold targets on its 109-square-kilometre
NTGP land package and continues to evaluate the area, which is part of the
prolific Timmins, Ontario gold camp. The latest updated resource estimate for
Bradshaw included approximately 945,600 ounces of gold ("Au") in the Indicated
category (6.0 million tonnes at a grade of 4.9 grams per tonne ("g/t") Au) and
536,800 ounces of gold in the Inferred category (3.7 million tonnes at a grade
of 4.2 g/t Au). As was used in the Corporation's Preliminary Economic
Assessment, the current estimate is based on a 3.0 g/t Au cut-off and a
conservative gold price of US$1,200/oz. This resource estimate has been
completed by Neil N. Gow, P. Geo., an independent Qualified Person, and reported
in accordance with the requirement of National Instrument 43-101 - Standards of
Disclosure for Mineral Projects and CIM Standards on Mineral Resources and
Reserves.


Forward-looking statements

This news release contains certain "forward-looking statements" including with
respect to the Second Fortune Closing, development plans and activities
(including the anticipated timing thereof) in respect of the Bradshaw project,
the Corporation's relationship with Fortune, the use of proceeds of the Offering
and the Corporation's development plans for the Bradshaw deposit. Such
forward-looking statements involve risks and uncertainties. Forward-looking
statements involve known and unknown risks, uncertainties, assumptions and other
factors that may cause the actual results, performance or achievements of the
Corporation to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. Such
factors include, among others: the reliance of the Corporation on a limited
number of properties (and, in particular, the Corporation's Bradshaw deposit);
the inherent speculative nature and hazards associated with exploration,
development and production activities; assumptions regarding the need for
further financing and related to the cost, timing or available of such
financing; the hazards and risks normally encountered in mineral exploration and
development and limitations of insurance coverage; uncertainties related to the
Corporation's resource estimates, which are based on detailed estimates and
assumptions; risks that the Corporation's title to its material mineral
properties could be challenged; the assumption of the Corporation that it will
be able to obtain permits and other authorizations it requires on a timely
basis; uncertainties related to actual capital costs, sustaining capital costs,
engineering and construction schedules, operating costs and expenditures,
production schedules and economic returns; risks associated with the Corporation
being subject to environmental laws and government regulation; and the lack of
mineral production or earnings history of the Corporation. Any forward-looking
statement speaks only as of the date of this news release and, except as may be
required by applicable securities laws, the Corporation disclaims any intent or
obligation to update any forward-looking statement, whether as a result of new
information, future events or results or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Greg Romain
President & CEO
Tel: (416) 363-1210
Email: info@gowestgold.com


Greg Taylor
Investor Relations
Tel: 905 337-7673 / Mob: 416 605-5120
Email: gregt@gowestgold.com

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