Gowest News

TSX VENTURE SYMBOL: GWA

Gowest Announces Change of Auditor

January 9, 2023

TORONTO, ONTARIO – (January 9, 2023) Gowest Gold Ltd. (“Gowest” or the “Corporation”) (TSX VENTURE: GWA) announced today that the Corporation’s Board of Directors (the “Board”) has approved a change of the Company’s auditors. The Board decided to change from McGovern Hurley LLP (the “Former Auditor”) to DNTW Toronto LLP (the “Successor Auditor”), effective January 9, 2023, until the next Annual General Meeting of the Company.

There were no disagreements or unresolved issues with the Former Auditor on any matter of audit scope or procedures, accounting principles or policies, or financial statement disclosure. There were no modified opinions in the Former Auditor’s reports for the financial statements of the Company fiscal years ended October 31, 2021, and 2020.

It is the Company’s opinion that there have been no “reportable events” (as defined in National Instrument 51-102 Continuous Disclosure Obligation) between the Company and the Former Auditor as of the date of this press release.

In accordance with National Instrument 51-102, the notice of change of auditor, together with the required letters from the Former Auditor and the Successor Auditor, have been reviewed and approved by the Audit Committee and the Board, and are available on www.sedar.com.

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 +100‐square‐kilometre NTGP land package and continues to evaluate the area, which is part of the prolific Timmins, Ontario gold camp.  Currently, Bradshaw contains a National Instrument 43‐101 Indicated Resource estimated at 2.1 million tonnes (“t”) grading 6.19 grams per tonne gold (g/t Au) containing 422 thousand ounces (oz) Au and an Inferred Resource of 3.6 million t grading 6.47 g/t Au containing 755 thousand oz Au. Further, based on the Pre‐Feasibility Study produced by Stantec Mining and announced on June 9, 2015, Bradshaw contains Mineral Reserves (Mineral Resources are inclusive of Mineral Reserves) in the probable category, using a 3 g/t Au cut‐off and utilizing a gold price of US$1,200 / oz, totaling 1.8 million t grading 4.82 g/t Au for 277 thousand oz Au.

Forward-Looking Statements

This news release may contain certain “forward looking statements.”  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.  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.

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

For further information please contact:

Dan Gagnon                                        Greg Taylor

President & CEO                                Investor Relations

Tel: (416) 363-1210                           Tel: (416) 605-5120

Email: info@gowestgold.com           Email: gregt@gowestgold.com