SOURCE: FORTRESS FINANCIAL GROUP, INC.

Fortress Financial Group, Inc.

June 16, 2010 13:40 ET

Fortress Financial Group, Inc. -- Clarification on Authorized Share Capital

LAS VEGAS, NV--(Marketwire - June 16, 2010) -  Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it increased its Authorized Share Capital slightly.

This was done at the request of the Transfer Agent to the Company as they are required by law to have these additional Authorized shares of Common Stock to cover the historical and any future replacements of lost or stolen stock certificates.

The Company will not be issuing any additional shares of its Common Stock whatsoever and the number of outstanding shares of the Company's Common Stock remains, and will remain unchanged, as detailed in the Company's Form 8-K filed on June 3, 2010. This is necessary as the final terms in respect of the sale of the Company's Gold Interests are now based upon this number of outstanding shares of the Company's Common Stock.

Fortress Financial Group, Inc. holds an interest in two Gold Properties, namely "Bouse" and "South Copperstone." The Company has made it clear that these interests are being sold and the entire proceeds being distributed to its stockholders. The Company has provided "pricing guidelines," namely no less than US$0.003 per share of Common Stock at a Gold price of US$1,050/oz. At this time with the price of Gold trading in excess of US$1,230/oz, this pricing guideline will have increased proportionately. The Company's shares of Common Stock are at this time, trading at a massive discount to these stated "pricing guidelines."

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually," "projected" or "guidelines." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors and other risks identified in filings made by such company with the SEC.

Contact Information