Gowest Amalgamated Resources Ltd. announced that the company has executed the definitive agreement for the purchase of mining properties in Tully Township adjacent to the company's 100% owned Frankfield Project. The Frankfield Project area hosts the Frankfield East deposit which contains a 43-101 compliant 510,000 ounce resource (2.4 million tonnes @ 6.5 g/t). The deposit remains open along strike and at depth and appears to be part of a larger structurally controlled gold-hosting system. The properties acquired include 4 contiguous leased claims (mining rights only) consisting of 4 units covering approximately 163.5 acres (65.4 hectares) in the south central portion of Tully Township and contiguous to the south boundary of the Company's Frankfield Project.

The company also announced that Mr. Mark Raguz resigned from the Board of Directors effective immediately.