Gowest Gold Signs Letter of Intent; Plan to Process Frankfield East Gold Deposit Ore at Kidd Operations Mill in 2015

Gowest Gold Ltd. (TSX VENTURE:GWA)(OTCBB:GWSAF) ("Gowest" or the "Company") is
pleased to announce that it has entered into a non-binding Letter of Intent with
Glencore Xstrata's Kidd Operations, located in Timmins, Ontario. The plan is to
refurbish the Division 'D' line of the mill at Kidd Operations to process
Gowest's ore into a high-grade (+90 grams per tonne) gold concentrate. The
proposed arrangement between the companies significantly reduces the cost and
time to commercial production of the Frankfield East gold deposit.


Highlights of the collaboration between Gowest and Glencore Xstrata:



--  Utilizes excess capacity at the Kidd Operations mill, reducing overall
    milling costs and increasing revenue; 
--  Significantly reduces Gowest capital cost requirements by an estimated
    $107mm in avoiding the construction of a stand-alone facility ($60mm vs.
    $167mm)(i); and, 
--  Enables Gowest to begin commercial production 2-3 years earlier since a
    new mill would not have to be constructed.



(i) See news release dated November 12, 2012 and NI 43-101 Technical Report
dated November 11, 2011.


Gowest has completed a detailed concept engineering study for the mill
refurbishment and is now advancing detailed mining plans and initiating a
feasibility study. A Definitive Agreement is expected in the latter part of
2013.


Gowest is planning to begin commercial production of its Frankfield East gold
deposit in 2015.


Gowest President and CEO, Greg Romain, said, "We have achieved an extremely
important milestone in our plans to develop our Frankfield East deposit into the
next new gold mine in the Timmins Camp. I am confident that, with the expertise
and dedication of the team, we will achieve this goal." He added, "The use of
the Kidd Operations mill will significantly reduce our capital expenditures and
expedite our path to generating cash flow. It is also evidence of Glencore
Xstrata's willingness to support the continued development of the Timmins
economy."


Qualified Person: This press release has been reviewed by Mr. Kevin Montgomery,
P.Geo., Gowest's Manager of Exploration, and a Qualified Person under National
Instrument 43-101.


About Gowest

Gowest is a Canadian gold exploration and development company focused on the
delineation and development of its 100% owned Frankfield East gold deposit, part
of the Company's North Timmins Gold Project (NTGP). Gowest is exploring
additional gold targets on the 107-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 Frankfield East 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 Company's recent 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 Canadian
Securities Administration National Instrument 43-101 ("NI 43-101") requirements
and CIM Standards on Mineral Resources and Reserves.


Forward-looking statements

This news release contains certain "forward-looking statements". Such
forward-looking statements involve risks and uncertainties. The results or
events depicted in these forward-looking statements may differ materially from
actual results or events. 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 Company 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: 
Gowest Gold Ltd.
Greg Romain
President & CEO
(416) 363-1210
info@gowestgold.com


Gowest Gold Ltd.
Greg Taylor
Investor Relations
(905) 337-7673 or Cell: (416) 605-5120
gregt@gowestgold.com

Gowest Gold (TSXV:GWA)
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