September 18, 2008 16:10 ET

Fortress Financial Group, Inc. -- Company Increases Its Hunt Gold Corporation Stake

Company Purchases an Additional 102 Million "Free Trading" Shares of Hunt Gold Corporation Stock Based Upon Its Price Weakness

NEW YORK, NY--(Marketwire - September 18, 2008) - Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has acquired an additional 102 million "free trading" shares in Hunt Gold Corporation Common Stock at a price of US$0.003 per share in an "off the market" transaction. This purchase was settled in cash.

The undertakings given by the Management of Hunt Gold Corporation have satisfied us that they are entering into a new era of Transparency and will honor their commitments to their stockholders in respect of Public & Investor relations to capitalize upon the recovery of Gold prices and to set out their strategy to add value to their Company through exploration and not just based upon higher metal prices.

We remain convinced that Hunt Gold Corporation shares of Common Stock remain extremely undervalued at this time. We intend to increase our holdings in Hunt Gold Corporation should Management of that Company honor its commitments during the next week. In that event, we will seek further purchases of Hunt Gold Corporation shares of Common Stock and it is very likely to be at even higher prices than they are trading at this time.

Your Company has undertaken not to dispose of any of these shares of Hunt Gold Corporation Common Stock in the market and will continue to hold these shares as an investment, pending an "off the market" sale to a suitable purchaser; and then only at a very substantial premium to Hunt Gold Corporation's current trading price. The proceeds of any such sale would be distributed to our stockholders in full.

Your Company now owns a total amount of 2,251,848,460 shares of "free trading" Common Stock in Hunt Gold Corporation. This holding is valued in the amount of US$7,881,470 at today's trading price of US$0.0035 per share of Hunt Gold Corporation Common Stock.

The Company will file a Form 8-K in respect of these further purchases of Hunt Gold Corporation shares of Common Stock.

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" or "projected." 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 a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.

Contact Information

  • Contact:

    Financial Insights
    (Dick Granieri/Gordon Otter)
    E Mail: Email Contact
    Telephone: 1-800-530-3545

    Fortress Financial Group, Inc.
    Alan Santini
    Chief Executive Officer
    Email Contact
    Tel: (954) 840-6961