February 20, 2008 14:46 ET

Fortress Financial Group, Inc. - Update on Hunt Gold Corporation Stock Distribution

Company Updates Its Stockholders on the Distribution of the Hunt Gold Corporation Stock Certificates

NEW YORK, NY--(Marketwire - February 20, 2008) - Fortress Financial Group, Inc. (PINKSHEETS: FFGO) can now confirm that the Transfer Agent to Hunt Gold Corporation has confirmed that all stock certificates in that Company are being posted to all eligible stockholders today. These stock certificates were supposed to be have been posted on Monday, February 18, 2008. The delay was caused by the Transfer Agent requiring various indemnifications from Hunt Gold Corporation in respect of any missing or lost stock certificates that may arise from this bulk posting to eligible stockholders.

The Company undertook to launch its corporate web site today. Due to "creative and artistic" details required by the Company's Public Relations Advisors, in respect of this web site, its launch has been delayed for a few days. We are confident that this web site will be "live," this week. We apologize to our stockholders for this delay.

The contact details for the Transfer Agent to Hunt Gold Corporation are as follows:

First American Stock Transfer, Inc.
706 E Bell Rd
Suite 202

(602) 485-1346 Phone
(602) 485-4091 Fax

Stockholders may contact this Transfer Agent, to confirm their stockholdings in Hunt Gold Corporation.

Stockholders in Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) who held their stock, in brokerage accounts"; on the three stock dividend dates in respect of Golden Eagle Mining Holdings plc, Sentinel Resource Holdings, plc and in Ambassador Gold Holdings plc; have their stock registered in the name of "Cede & Co.," the DTC clearing company.

First American Stock Transfer, Inc. issued these shares of Hunt Gold Corporation, registered to "Cede & Co.," directly to "Cede & Co." on Monday, February 18, 2008, in order for "Cede & Co." to allocate these shares to the eligible Brokers to allocate to their client accounts in respect of the aforesaid Stock Dividend Dates.

The DTC and "Cede & Co." rejected these shares as they do not have the correct filings, in respect of the Stock Distributions, on record.

We are at this time expediting all of this information, as is required by "Cede & Co." and by the DTC and expect to have the matter resolved tomorrow. Once resolved, we will immediately advise our stockholders.

Cede & Co. and Brokers will be responsible for the allocation of these shares to eligible stockholders. This is not a process in which either the Transfer Agent, Fortress Financial Group, Inc. or Hunt Gold Corporation has any control whatsoever.

This does not apply to stockholders who held their stock in certificate form in Great West Gold, Inc. (now Fortress Financial Group, Inc.) on those three Stock Dividend Record Dates. These stockholders will receive their stock certificates in Hunt Gold Corporation by mail, directly from the Transfer Agent.

About Fortress Financial Group, Inc.

Fortress Financial Group, Inc. is now primarily engaged in the issuing and marketing of prepaid debit and credit card and related payment solution activities. It has just announced the acquisition of Moneyworx, Inc., a reseller of MasterCard prepaid USA Domestic and International Prepaid Debit Cards. Fortress Financial Group, Inc. will be launching its own label "Fortress" International Debit Card in the first quarter of 2008.

Fortress Financial Group, Inc. has secured a "non recourse" initial long term loan facility in the amount of US$5 million and intends to immediately embark upon a very aggressive acquisition strategy of synergistic companies. These acquisitions to be funded through cash, vendor financing and the issue of the Company's restricted shares of Common Stock. The Company's strategy is to immediately build a strong Group of financial services companies with strong earnings and cash flow.

Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company retained these Gold Mining Exploration interests as portfolio assets; as it intended to extract value from these assets through a future "spin off" or a sale. The Company has disposed of its interests in the "Ambassador," "Golden Eagle" and "Mockingbird" Gold Mining Exploration properties to Hunt Gold Corporation and holds approximately 48% of Hunt Gold Corporation shares of outstanding Common Stock, as an investment. Fortress Financial Group, Inc. holds quoted investments valued at circa US$600 million and addition unquoted investments valued at US$400 million.

The Company retains it interest in the "South Copperstone," and "Bouse" Gold Mining Exploration properties, at this time. It is expected that these two remaining interests will be exchanged for shares of Common Stock in a USA Gold Mining & Exploration Company, very shortly.

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