Under the arrangement, each share of Canplats will be exchanged for 0.07 of a common share of Goldcorp and an interest in a new exploration company with a notional value of CAD0.18 ($0.17) per share, representing a combined value of CAD3.60 ($3.42) per share based upon the closing price of the Goldcorp shares on November 13, 2009. This represents a premium of approximately 41% over the closing price of Canplats shares on November 13, 2009.

The number of Goldcorp shares to be issued will be approximately 4.3 million based on the issued and outstanding shares and depending on the number of options and warrants exercised under the arrangement. In the event that the transaction is not completed, Canplats has agreed to pay Goldcorp a termination fee equal to CAD7.2 million ($6.84 million).

Upon closing, Goldcorp will assume ownership of Canplats' Camino Rojo Project, located approximately 50 kilometers southeast of Goldcorp's Penasquito mine. As part of the arrangement, a new exploration company will be created and 90.1% of its shares will be distributed to Canplats shareholders. The company will hold interests in certain early-stage exploration properties located in Durango and Chihuahua states, Mexico and cash in the amount of CAD10 million through a newly-incorporated, wholly-owned Mexican subsidiary.

The arrangement has been approved by the Boards of Directors of Goldcorp and Canplats. The officers and directors of Canplats have entered into lock-up and support arrangements with Goldcorp under which they have agreed to vote in favor of the transaction, such shares, options and warrants representing approximately 6.6% of Canplats' outstanding shares, options and warrants.

Genuity Capital Markets and Salman Partners, the financial advisor to the special committee of the Board of Directors of Canplats have provided oral opinions to Canplats' Board of Directors and the special committee, respectively, that the consideration under the arrangement is fair, from a financial point of view, to Canplats' shareholders.

Cassels Brock & Blackwell LLP and Neal, Gerber & Eisenberg LLP are acting as legal advisors, while GMP Securities L.P is acting as financial advisor to Goldcorp. Lawson Lundell LLP, Skadden, Arps, Slate, Meagher & Flom LLP, and Blake, Cassels & Graydon LLP are acting as legal advisors, while Genuity Capital Markets, Salman Partners are acting as financial advisors to Conplats.

The transaction is expected to close in January 2010.

Deal Value (US$ Million) 226.35
Deal Type                Acquisition
Sub-Category             100% Acquisition
Deal Status              Announced: 2009-11-16

Deal Participants

Target (Company)   Canplats Resources Corporation
Acquirer (Company) Goldcorp, Inc.

Deal Rationale

The acquisition of Canplats fits very well with Goldcorp's strategic goals of enhancing opportunities in and around its core assets. The acquisition also accelerates Goldcorp's regional exploration and development initiatives in order to leverage its strong presence in the highly prospective district.

Bid Premium ($ per share) 41

Greg Romain, President and Chief Executive Officer of Gowest, commented: "The acquisition of this property from Goldcorp is another excellent addition in the company's effort to increase the potential for resource expansion at the Frankfield Project. These properties are strategically located along the eastern extension of the same geological structures which host the Frankfield East deposit mineralization."

Gowest is in the process of completing Phase 1 of their 2009 development program for the Frankfield project. This has included a compilation of historical data in the area, new geological modelling, a high resolution geophysical survey of the entire Frankfield Project area and a comprehensive soil gas hydrocarbon (SGH) sampling program aimed at identifying gold anomalies. Details for Phase 2 of the program (scheduled for 2010) are presently being finalised and include:

- A new drill program aimed at expanding the known resource base at the Frankfield East deposit and exploring additional gold anomalies located along similar geological contact structures;

- Additional metallurgical testwork to better define processing alternatives for the Frankfield mineralization;

- Completion of an environmental baseline to allow for future bulk sampling and/or mining; and

- Evaluation of site locations (greenfield/brownfield) for a Frankfield processing facilty.

Consideration for the proposed transaction includes a 2% royalty on the net smelter returns ("NSR") derived from future production specifically from the Leased Claims, a 1% royalty on the NSR derived from future production specifically from the Staked Claims and $100,000 in cash. The Company will maintain an NSR buyout option for both the Leased Claims and Staked Claims valued at $500,000 for each 0.5% of the desired NSR. Goldcorp may elect not to sell the final 0.5% portion of its NSR.

Completion of the transaction is expected to occur by the end of November 2009 and is subject to a number of conditions, including but not limited to the entering into of a definitive agreement relating to the transaction and the receipt of requisite and corporate approvals. There can be no assurance that the acquisition will be completed as proposed or at all. Trading the securities of the Company should be considered highly speculative.

About Gowest

Gowest is a Canadian gold exploration and development company focused on financing, exploring, growing and mining its 100% owned 510,000 oz (2,400,000 tonnes @ 6.5 g/t) Frankfield East gold deposit, part of the greater Frankfield Project in the prolific Timmins gold camp.

Forward-looking statements

This news release contains certain "forward looking statements" including in respect of a proposed acquisition of certain properties by the Company. 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.

Total shares outstanding: 49.2 million

Fully Diluted: 57.0 million

52-Week Trading Range C$0.22 - $0.02

To view the image associated with this release, please visit the following link:

http://file.marketwire.com/release/gwa_map_1119.pdf

SOURCE: Gowest Amalgamated Resources Ltd.

Gowest Amalgamated Resources Ltd.
Greg Romain
President & CEO
(416)840-9912
info@gowestgold.com
www.gowestgold.com

Under the arrangement, each share of Canplats will be exchanged for 0.07 of a common share of Goldcorp and an interest in a new exploration company with a notional value of CAD0.18 ($0.17) per share, representing a combined value of CAD3.60 ($3.42) per share based upon the closing price of the Goldcorp shares on November 13, 2009. This represents a premium of approximately 41% over the closing price of Canplats shares on November 13, 2009.

The number of Goldcorp shares to be issued will be approximately 4.3 million based on the issued and outstanding shares and depending on the number of options and warrants exercised under the arrangement. In the event that the transaction is not completed, Canplats has agreed to pay Goldcorp a termination fee equal to CAD7.2 million ($6.84 million).

Upon closing, Goldcorp will assume ownership of Canplats' Camino Rojo Project, located approximately 50 kilometers southeast of Goldcorp's Penasquito mine. As part of the arrangement, a new exploration company will be created and 90.1% of its shares will be distributed to Canplats shareholders. The company will hold interests in certain early-stage exploration properties located in Durango and Chihuahua states, Mexico and cash in the amount of CAD10 million through a newly-incorporated, wholly-owned Mexican subsidiary.

The arrangement has been approved by the Boards of Directors of Goldcorp and Canplats. The officers and directors of Canplats have entered into lock-up and support arrangements with Goldcorp under which they have agreed to vote in favor of the transaction, such shares, options and warrants representing approximately 6.6% of Canplats' outstanding shares, options and warrants.

Genuity Capital Markets and Salman Partners, the financial advisor to the special committee of the Board of Directors of Canplats have provided oral opinions to Canplats' Board of Directors and the special committee, respectively, that the consideration under the arrangement is fair, from a financial point of view, to Canplats' shareholders.

Cassels Brock & Blackwell LLP and Neal, Gerber & Eisenberg LLP are acting as legal advisors, while GMP Securities L.P is acting as financial advisor to Goldcorp. Lawson Lundell LLP, Skadden, Arps, Slate, Meagher & Flom LLP, and Blake, Cassels & Graydon LLP are acting as legal advisors, while Genuity Capital Markets, Salman Partners are acting as financial advisors to Conplats.

The transaction is expected to close in January 2010.

Deal Value (US$ Million) 226.35
Deal Type                Acquisition
Sub-Category             100% Acquisition
Deal Status              Announced: 2009-11-16

Deal Participants

Target (Company)   Canplats Resources Corporation
Acquirer (Company) Goldcorp, Inc.

Deal Rationale

The acquisition of Canplats fits very well with Goldcorp's strategic goals of enhancing opportunities in and around its core assets. The acquisition also accelerates Goldcorp's regional exploration and development initiatives in order to leverage its strong presence in the highly prospective district.

Bid Premium ($ per share) 41