Toronto, ON – June 14, 2011 – Gowest Gold Ltd. (“Gowest” or the “Company”) (TSX VENTURE: GWA) is pleased to announce it has retained the services of Renmark Financial Communications Inc. to enhance its retail stockbroker investor outreach activities.
“We have selected Renmark to reinforce Gowest’s profile in the financial community and enhance visibility and understanding of the significant value represented in the shares of Gowest Gold. In particular we aim to raise the profile of our flagship asset, the Frankfield East gold deposit, the subject of a recent resource update (June 1, 2011) demonstrating 348,000 ounces of indicated resources at 6.7g/t Au plus an additional 838,900 ounces of inferred resources at 6g/t Au,” noted Greg Romain, President and CEO of Gowest Gold Ltd.
In consideration of the services to be provided, the Company has agreed to a 12-month agreement starting July 1st 2011, to pay a monthly retainer of $7,000 a month to Renmark Financial Communications Inc.
Renmark Financial Communications does not have any interest, directly or indirectly, in Gowest Gold Ltd. or its securities, or any right or intent to acquire such an interest.
About Gowest Gold Ltd.
Gowest is a Canadian gold exploration and development company focused on the delineation and development of its 100% owned, Frankfield East gold deposit. Gowest is exploring additional gold targets on the 60 square kilometre land package it controls and continuing to evaluate acquisition targets in the vicinity of the Pipestone Fault area, part of the prolific Timmins, Ontario Gold Camp.
For further information please contact:
Greg Romain President & CEO Tel: (416) 363-1210
Email: [email protected] Or
Rory Quinn Investor Relations
Toll Free: (877) 363-1218
Tel: (416) 363-1210 ext. 208
Email: [email protected]
Renmark Financial Communications Inc.
Barbara Komorowski: [email protected] Arash Shahi: [email protected]
Tel.: (514) 939-3989 or (416) 644-2020
www.renmarkfinancial.com
Forward-looking statements
This news release contains certain “forward looking statements”. Such forward-looking statements involve risks and uncertainties. The results or events depicted in these forward-looking statements may differ materially from actual results or events. 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.
