Fortress Financial Group, Inc.

May 06, 2010 12:38 ET

Fortress Financial Group, Inc. -- Soaring Gold Price to Lift Sale Value

LAS VEGAS, NV--(Marketwire - May 6, 2010) -  Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it offered a "pricing guideline" in respect of the sale of interests in its Gold Properties, to its stockholders, that being not less than US$0.003 per share.

These price guidelines were based upon a Gold Price of US$1,050/oz. With Gold having traded as high as US$1,195/oz today; the Company's pricing guidelines would be increased by as much as 14%, translating to a price of no less than US$0.00342 per share; should Gold continue to trade at these price levels. Should the price of Gold trade above US$1,050/oz, the pricing guidelines would be increased. Stockholders are cautioned that the price of Gold is volatile and it could fall back to trade at a lower price.

Furthermore, the Company has agreed a deal to sell its interests in the "Bouse" and "South Copperstone" Gold Properties. As announced, final conditions precedent are being fulfilled by the Company. The Company's Management confirms that these transactions will complete and that the final conditions precedents are mere formalities. 

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.

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