SOURCE: Great West Gold, Inc.

April 27, 2005 12:47 ET

Great West Gold, Inc. Update on Delisting From Berlin Bremen Stock Exchange

Company Has Demanded an Immediate Delisting From Berlin Bremen Stock Exchange

NEW YORK, NY -- (MARKET WIRE) -- April 27, 2005 -- Great West Gold, Inc. (OTC BB: GWGO) confirms that its Corporate Counsel has demanded that the company's shares be delisted from the Berlin-Bremen Stock Exchange with immediate effect.

The Company's shares were admitted for trading on this exchange by a Broker without the knowledge, approval or cooperation of the Company. We have taken this action because they have never asked for any information or contacted our Company in any regard and therefore we are convinced that someone other than our Company had an interest to have our shares traded on this exchange. We have deemed this to not be in the best interest of our Company and our shareholders as this abuse is now very widespread and is used only for the purposes of the short selling of Company's stock, a practice which is illegal.

The rash of naked shorting is rumored to now being orchestrated through this unregulated exchange. We are now very sure that the constant selling pressure on our shares in the market for some time, despite positive news, is linked to this unauthorized listing. We have no direct evidence of this at this time but are now determined to end this activity which is not only of tremendous detriment to the Company but to our stockholders.

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 Arizona.

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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