TORONTO, ONTARIO–(Marketwire – June 6, 2011) – The Board of Directors of Gowest Gold Ltd. (“Gowest” or the “Company”) (TSX VENTURE: GWA) is pleased to announce the appointment of Mr. Larry Phillips to the Board of Directors effective immediately.
Mr. Phillips is currently the Executive Vice President, Corporate Affairs with IAMGOLD Corporation. Mr. Phillips was one of the original founders of IAMGOLD and served as an officer and Director of the company from 1990 until the company became a public listed company in March 1996 when he held the title of Vice President, Corporate Development. He was primarily responsible for negotiating mining rights acquisitions, government mining Conventions and major joint venture arrangements with other major mining companies. He has worked directly with the CEO and Chairman on all aspects of corporate development and been involved in a number of equity financings for the Company.
“We are very pleased with the addition of Mr. Phillips to the Board as he brings a wealth of knowledge and experience, which will provide the Company with valuable guidance as we move the Frankfield project forward” stated Mr. Greg Romain, President and CEO of Gowest.
The Company has granted Mr. Phillips options to purchase up to 400,000 common shares of the Company at an exercised price of $0.36 per share, expiring on June 1, 2016.
About Gowest
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
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.
