Gowest Gold Ltd. reported on its continuing progress in restarting the Corporation's 100% owned Bradshaw Gold Deposit. East Zone Capital Development Ramp has reached 80-metre (m) level 67.5 m of Access Ramp developed toward Central and West Zones, with an additional 105 m in permanent explosives storage area off the access ramp. Drill Development focused on the 30, 45 and 60 m levels at two main East Zone vein areas.

9,974 tons of development ore stockpiled on surface. First long-hole stope blast conducted on July 4th between 45 and 30 m levels. Underground ventilation upgrade progressing well-com completed 3.4 m Alimak raise from 60 m to surface in June.

Ore sorter commissioning was completed in June, starting sorting of development ore in late July. Surface diamond drilling commenced on June 19th; start of 5,000 m program aimed at expanding resources. No reportable injuries from underground team since initiating the restart.

All production and key infrastructure projects remain on target. Aiming to begin toll milling Bradshaw ore at Northern Sun's Redstone Mill in fourth quarter of 2023. As previously noted, this first underground work is focused on the development and production of the initial bulk sample area (East Zone), the development of ventilation infrastructure, as well as the development of a ramp to expand and access new ore zones.

Ramp Development. The two main Bradshaw capital development ramps are both advancing well toward providing general underground access to the targeted initial gold zones. The East Zone Ramp has reached the 80 m level, on its way to the 100 m level.

At the same time, 67.5 m of the access ramp has been developed toward the Central and West Zones. Drill Development. Underground sill development, which provides direct access to the targeted ore zones, remains on schedule.

To date, this work has been advanced to the 30, 45 and60 m levels, from where ore will be mined from the HAN and YDA vein areas. Importantly, it has also intersected additional mineralized zones contributing to new stopes and the introduction of new ore target areas. Over 4,000 m of sill development is planned before the end of the year, showing tremendous potential for stopping on the current mining levels.

In addition, the Company is bringing an underground air drill to help speed ore delineation and expand current reserves.