SOURCE: Great West Gold, Inc.

June 16, 2005 14:58 ET

Great West Gold, Inc. Files Form 10 KSB

Company Files Its Annual Report for December 31, 2004

NEW YORK, NY -- (MARKET WIRE) -- June 16, 2005 -- Great West Gold, Inc. (OTC BB: GWGO) confirms that it has today filed its Annual Report (Form 10 KSB) for the period ended December 31, 2004.

The Company has still to file its Form 10 QSB for the period ended March 31, 2005, and this will be filed at such time as the Auditors have completed their review for that period. We are fairly confident that this filing will be made within a few days.

The Company is trading under the Symbol "GWGOE" due to the late filing of this report. The "E" annotation will be removed upon the filing of the Form 10 QSB and the trading symbol will then revert to that of "GWGO."

We wish to apologize to our shareholders for this very lengthy delay in the filing of the Annual Report and thank them for their continued support. This delay was caused by the time taken by the recently appointed Auditors in their getting familiar with the Company and its historical accounts.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities.

About Great West Gold, Inc.

Great West Gold, Inc. (www.greatwestgold.com) is a gold exploration company that has acquired certain rights to mine for minerals, primarily gold, in North America.

Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission.

These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.

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