Gowest Gold: Funded for Development

GoWest Gold, gold,

Gowest Gold Ltd.(TSX VENTURE:GWA)is pleased to announce that it has entered into a definitive Pre-Paid Forward Gold Purchase Agreement with PGB Timmins Holdings LP, a limited partnership organized under the laws of the Province of Ontario, to finance the development of its 100% owned Bradshaw Gold Deposit. PGB is an investment vehicle controlled by Pandion Mine Finance, LP.

Pursuant to the Agreement, PGB has agreed to advance to the Company up to an aggregate of US$17,600,000, in four tranches over a period of approximately 12 months, as partial consideration for the purchase of up to an aggregate of 65,805 ounces of gold to be produced from Bradshaw and delivered to PGB.
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