SOURCE: FORTRESS FINANCIAL GROUP, INC.

September 10, 2008 14:40 ET

Fortress Financial Group, Inc. -- Hunt Gold Corporation Investment

Company Comments on Its Investment in Hunt Gold Corporation

NEW YORK, NY--(Marketwire - September 10, 2008) - Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the Company is in process of having the "restrictive legend" removed from its direct holding in the amount of 1,363,588,873 restricted shares of Hunt Gold Corporation Common Stock. These shares of Hunt Gold Corporation Common Stock will be "free trading" within days from the date hereof.

The Company holds an additional amount of 483,750,099 "free trading" shares of Hunt Gold Corporation Common Stock. These are held by Western Diversified Mining Resources, Inc.; a wholly owned subsidiary of the Company. The Company holds an additional amount of 2,509,488 shares of "free trading" shares of Hunt Gold Corporation.

The Company's total "free trading" stockholding in Hunt Gold Corporation is now in the amount of 1,849,848,460 shares of their Common Stock. The value of this holding is now in the amount of US$2,777,477 at today's new all time low, that being US$0.0015 per share of their Common Stock.

The Company will not dispose of any of these shares of Hunt Gold Corporation Common Stock in the market but to continue to seek a purchaser for the entire amount of Hunt Gold Corporation Common Stock held by the Company. This will eliminate the danger of a perceived "overhang" of their stock, in the market. Your Company's Management is very aware that this stockholding in Hunt Gold Corporation is strategically extremely important as it is "free trading" and our removal of further restrictive legends of our stockholdings in their Company, has strengthened your Company's position considerably.

The Company has had detailed and fruitful discussions with the operational Management of Hunt Gold Corporation and has been assured that this Company will commence with a new strategy of transparency and will seek to become more "investor friendly." They have undertaken to commence with an information flow to investors, starting next week. We expect that this will result in a more positive outlook for that Company and for its share price which is now trading at a new all time low.

This Company intends to continue hold these shares of Hunt Gold Corporation as an investment and will provide as much support to the Management of that Company as is required in their quest to become more transparent and investor friendly.

The Company has filed a Form 8-K in respect of this information.

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 company's 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