Company Information for Golden West Resources Ltd

ASX-GWR

www.goldenwestresources.com

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ASX; GWR

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Company Statement

Golden West Resources Iron and Gold exploration company listed on the ASX.
Exploration to date has indicated a potential for its permit to host a major high grade iron deposit of at least 200 to 250 million tonnes. Its 440 Sq kmWiluna permits hold approximately 87,000 oz of indicated gold resources and uranium targets.

Golden West is rapidly expanding and defining high grade hematite resources on its Wiluna West permits, 40 km south of Wiluna in Western Australia. The company has commissioned a scoping study to assess and define parameters for commercial exploitation of iron prospects.

A lump iron ore price of ~AUD$78 per tonne render the Wiluna West deposit attractive. Support for establishment of transport infrastructure should follow the demonstration of outlining over 100 million tonnes of hematite by year end.

Golden West has an opportunity to develop a significant iron project at Wiluna West and has recently appointed an experienced mining executive to lead the process.

Directors of the company are well experienced in management of exploration in a public company with in excess of 100 years of cumulative geological experience in Australia and overseas projects.

Current Operations

Wiluna West. Iron and Gold
Exploration of the Joyners Find Greenstone belt, has identified 7 separate iron mineralised ridges with a cumulative 125 kilometres of strike. Rock chip sampling over 10kms averaged 68.5% Fe. Follow up RC drilling over 2 ridges B & C has confirmed a maiden iron resource of 50 Million Tonnes with a target to increase this to 100 to150 Million Tonnes by 31 December, 2007.

Iron deposits identified at locations C1, C2, C3, C4 & C5, Bowerbird and Joyners Find.

The Company has two priorities:

• To continue with regional exploration upon the 5 identified ridges A,B,C,D & E to determine the projects overall potential.
• To drill test the identified deposits and define resources to allow the commencement of a mining feasibility study.

Doherty's
The underground gold project, located 65 kilometres north of Sandstone in Western Australia. The project contains an indicated resource of 25,700 tonnes at 23.8 g/t au for 20,430 oz of gold.

All of the previous exploration data has been compiled and re-assessed leading to much clearer understanding of the high-grade mineralisation present. This work has resulted in a complete reappraisal of the deposit and now contains an indicated resource of 25,700 tonnes @ 23.8 g/t Gold for a contained 20,430 ounces.

The Doherty's project clearly contains a high-grade gold resource and the Company intends to seek a joint venture partner to develop the deposit.

Geographical Spread

Board of Directors and Key Management

John Daniels	Chairman, Non Executive Director, Geologist
Gary Hutchinson	Managing Director, Financial
Michael Wilson	Executive Director, Exploration Manager
Peter Thompson	Executive Director, General Manager Operations
Alan Rudd	Non Executive Director, Geologist
Con Markopoulos	Non Executive Director, Procurement

Company Address

Suite 6, 136 Main Street
Osborne Park
Perth, Australia 6017


Telephone:	08 9201 9202
Facsimile:	08 9201 9203
Email:	gary[at]goldenwestresources.com
Website:	http://www.goldenwestresources.com

Additional Address/Key Contact

P.O. Box 260
Osborne Park
Western Australia 6917

Capital

Shares on Issue 72 million
Options on Issue 41 million

Annual General Meeting

November, West Perth

Year End

30 June

Broker/Analyst Reports

21/06/07 - Strachan Corporate

Major Shareholders

Fairstar Resources	19.8%
Falak Holdings LLC	10.5%

Most Recent Statement

25/10/07 - Supplementary Bidder`s Statement
25/10/07 - Bid for GWR Deficient - Shareholders To Take No Action
17/10/07 - Company Response to FAS Bidder`s Statement
05/09/07 - Intention to Make Takeover Bid
13/08/07 - Esperance Iron Ore Export Option Extended
29/06/07 - GWR welcomes WestNet Rail proposal

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