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Gowest Gold Ltd.

09:28 AM EST - Gowest Gold Ltd. : Announced today that its shareholders and holders of common share purchase warrants of the Company have approved the previously announced plan of arrangement of the Company under 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 $0.15 per Share. Gowest Gold Ltd. shares V.GWA are trading unchanged at $0.15.