Mr. Dan Gagnon reports

GOWEST GOLD OBTAINS FINAL ORDER APPROVING GO PRIVATE TRANSACTION

Gowest Gold Ltd. has obtained the final order of the Ontario Superior Court of Justice (Commercial List), approving the previously announced plan of arrangement of the company under Section 182 of the Business Corporations Act (Ontario), pursuant to which a group of existing shareholders of Gowest propose to acquire all of the outstanding common shares of Gowest not already owned by the acquiring group, for cash consideration of 15 cents per share.

The arrangement was approved by shareholders and warrantholders of the company at a special meeting of securityholders held on Sept. 5, 2024. Completion of the arrangement remains subject to certain customary closing conditions. Assuming the satisfaction or waiver of these closing conditions, the arrangement is expected to close on or about on or about Sept. 19, 2024. It is anticipated that the shares will be delisted from the TSX Venture Exchange following the completion of the arrangement.

For further information regarding the arrangement, please refer to the management information circular of the company dated as of July 24, 2024, a copy of which is available under the company's profile on SEDAR+.

About Gowest Gold Ltd.

Gowest is a Canadian gold exploration and development company focused on the delineation and development of its 100-per-cent-owned Bradshaw gold deposit on the Frankfield property, part of the corporation's North Timmins gold project (NTGP). Gowest is exploring additional gold targets on its plus-100-square-kilometre NTGP land package and continues to evaluate the area, which is part of the prolific Timmins, Ont., gold camp.

We seek Safe Harbor.