Gowest Announces Proposed Private Placement

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


Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA)(OTCBB:GWSAF) is
pleased to announce that it intends to complete a non-brokered private placement
of up to 50,000,000 units of the Company ("Units"), at a price of $0.08 per
Unit, for gross proceeds of up to $4,000,000 (the "Offering"). Each Unit will be
comprised of one common share of the Corporation and one common share purchase
warrant (a "Warrant"), with each Warrant being exercisable to acquire one common
share of the Corporation at a price of $0.11 for a period of 24 months following
the closing date of the Offering.


The proceeds of the Offering will be used for the development of the Bradshaw
Gold Deposit, including: the completion of a pre-feasibility study; advanced
exploration activities; and the acquisition of required permits and approvals,
including a closure permit. Proceeds of the Offering will also be used for
working capital and general corporate purposes. If the Offering is fully
subscribed, it is anticipated that Gowest will have sufficient funds to advance
the Bradshaw project to underground development. The Company's current plan,
subject to successful financing and the receipt of necessary permits and
approvals, is to begin underground development in 2015. 


Certain insiders of the Corporation may participate in the Offering and the
Corporation may pay a finder's fee to certain registrants in connection with the
Offering. Completion of the Offering is subject to receipt of TSX Venture
Exchange approval. 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.


It is anticipated that the closing of the Offering will occur on or about May
31, 2014; however, additional closings may be completed thereafter.


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 Company'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 Company'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
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" including with
respect to a proposed private placement and the use of proceeds of such private
placement and the Company'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
Company 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 Company on a limited number
of properties (and, in particular, the Company'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 Company's
resource estimates, which are based on detailed estimates and assumptions; risks
that the Company's title to its material mineral properties could be challenged;
the assumption of the Company 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 Company being subject to environmental laws and
government regulation; and the lack of mineral production or earnings history of
the Company. 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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gowest Gold Ltd.
Greg Romain
President & CEO
[phone]
[e-mail]


Gowest Gold Ltd.
Greg Taylor
Investor Relations
Tel: [phone] / Mob: [phone]
[e-mail]