Golden West Resources Limited

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• Milestones

Milestones

Quick overview of notable work completed to date on the Wiluna West Iron Ore Project as at June 2009.

Milestones

• RC drilling continues to define wide zones of mineralization outside of the current resource boundaries, allowing for further resource upgrades.
• The current JORC-compliant Inferred Resource consist of 126 million tonnes of Direct Shipping Ore (DSO) hematite at 59% Fe.
• Off-take agreements have been executed with Hunan Valin Steel Co., Ltd of China and Yijian Investment Co Limited of Hong Kong for up to 5 million tonnes of direct shipping iron ore annually for a period of 15 years.
• Hunan Valin and Yijian Investment Co have also subscribed for a total of 16 million shares in the Company at a price of $1.85 raising a total of $29.6 million.
• A prefeasability study is being undertaken by Engenium, with the results expected in mid-2009.
• KPMG has been engaged to undertake a strategic review of the Company's operations, with the results expected in mid-2009.