Gowest Gold: Funding Update

GoWest Gold, gold,

Gowest Gold Ltd.(TSX VENTURE:GWA)is pleased to announce that, today, PGB Timmins Holdings LP funded the initial tranche of US$5,600,000 pursuant to the previously announced Pre-Paid Forward Gold Purchase Agreement entered into between PGB and Gowest on December 16, 2016. For further details concerning the Agreement, please see Gowest’s press release dated December 16, 2016. PGB is an investment vehicle controlled by Pandion Mine Finance, LP.

The proceeds from the initial tranche will be used by Gowest principally to fund the development of its 100% owned Bradshaw Gold Deposit, as well as for general and administrative costs and the payment of transaction fees and expenses relating to the Agreement.
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