Great West Gold Inc. (GWGO.OB)

[glock35ipsc]

Well, I got the newsletter via email this morning saying that there will be a 30% stock dividend paid on Sept. 8th for stockholders of record on August 28th. Let's see if that does anything to the PPS.

NEW YORK, NY, August 23, 2006, Great West Gold, Inc. (OTC Pink Sheets: GWGO)
confirms that the Company authorized a 30% (thirty percent) dividend of the
Company's Common Stock to its stockholders as announced on August 8, 2006.
This Stock Dividend “Record Date” is on Monday August 28, 2006. Any stockholder
electing to receive this Stock dividend must be a registered stockholder as at Monday
August 28, 2006. The Stock Dividend Pay Date to eligible stockholders will be on
Friday September 8, 2006.
The Company elected to reward those stockholders who had remained loyal to the
Company despite the lengthy delay in the Company’s filings and hopes that this
dividend would offset some of the losses suffered by the Company’s stockholders
caused by the very substantial fall in the Company’s stock price in recent months.
This Stock Dividend will be electronically credited to stockholders brokerage accounts
on the Pay Date. Those stockholders who are not holding their stockholding with
their Brokers or hold restricted shares of the Company’s Common Stock, will receive
their Stock Dividends in certificated form.

[glock35ipsc]

Well, I guess I have my PPS answer. The dividend shares was in my Scottrade account this morning, and the price hasn't moved in a coupleof weeks....... But I am sitting on over 1 million shares right now.

[bludevil007]

so, how come my account doesnt have those dividend shares? Anyone else having this problem? I have TDAmeritrade

[badhabits]

got mine this morning...

[stockviper]

Good news today. Looks like somethings coming in the near future to raise the PPS. ??

[lumanikus]

Prob a rev stock split.:roll:

[glock35ipsc]

I got a PR today that said they will do a 2 for 1 forward split on October 5. The dividends didn't make this pig move, so I wonder/doubt that a split will either.

[bludevil007]

Well, it's up to .0004 today. A far cry from the days of .0022, but still.

[stockviper]

I got a PR today that said they will do a 2 for 1 forward split on October 5. The dividends didn't make this pig move, so I wonder/doubt that a split will either.

This make no sense to me at all. There has to be something going on in the background that we arent' aware of.

There is no reason to do a stock split UNLESS they used a ton of shares to purchase one of the recent acquisitions. Last I new there were already a ton of shares out there and now there will be twice as many. ?????

Very Confusing!

[glock35ipsc]

NEW YORK, NY, September 26, 2006, Great West Gold, Inc. (OTC Pink Sheets:
GWGO) announced on September 25, 2006 that the Company authorized a 2 for 1
Forward Split of the Company's Common Stock.
This Forward Split is effective from Thursday October 5, 2006 and that will serve as
the “Record Date�. The Company has already increased its Authorized Share Capital
as required and has filed Notice of this action with the NASD.
This Stock Dividend will be electronically credited to stockholders brokerage accounts
on Tuesday October 10, 2006, that being the “Pay Date�. Those stockholders who
are not holding their stock with their Brokers or those who hold restricted shares of
the Company’s Common Stock; will receive their Stock Dividends in certificated
form, to be held by “on book� by the Company’s Transfer Agent.

[Tooty]

Like old times Stockviper. Are you gonna buy up 500,000 each day again?

[bludevil007]

I dont know. But it's at .0005 and climbing fellas. Time to get rich.

[stockviper]

Like old times Stockviper. Are you gonna buy up 500,000 each day again?

The thought HAS crossed my mind but this time I can't rationalize why they are splitting. I have over 2.5 mill shares so I'll hang tight for now. Maybe it will go to .10. oooH!

Maybe GWGO is banking on the shareholders psychology of the term "stock split". It's the only thing I can even think that makes sense at this point.

[bludevil007]

i don't think people are stupid. Everyone knows the split really doesnt mean anything when it comes down to it. I dont know what's up with this company, but i know i must be out of the loop in some way. Hopefully we'll get that skyrocket we got months ago - remember then it started with a "proposal to acquire GWGO shares at .05/share" that turned out to be a fiction, and yet it still climbed.

[bludevil007]

Looks like they're stirring things up over at GWGO. Could be good for us -

[bludevil007]

wooooo hooooo another 20%

[glock35ipsc]

The dividends didn't make this pig move, so I wonder/doubt that a split will either.

Looks like I might have to eat my own words!!!

[glock35ipsc]

Hmmmm, they are on a major PR blitz lately.....

http://www.greatwestgold.com/pdfs/270906_GWG_PR_Restructuring.pdf

[glock35ipsc]

The extra shares from the split were in the bank this morning.

[stockviper]

Wow, look at all my millions of shares...Now we just need some action and we will all be gazillionaires...Actually if GWGO can pull all the stuff off that they talk about on the press releases we should be sitting pretty. It just may take a while.

[bludevil007]

ya, these shares are like monopoly money. Thank god i cashed out half of my take after the first dividend, otherwise id have no money left.

[GDFLS]

Well here we are at 0.0001, it can't get much lower now can it?

Problem is, if you buy down here how long will it be dead money? How much can it run...

[computeraces]

Buy at .0001 and sell at .0002 - double your money. Right? I know this is a risk, but would it be worth doing? What's the chance the company will go under? It can't get any lower than .0001 - right?

[bludevil007]

seriously. I wake up every morning and look at my measly stack of GWGO chips and think, could this be a cash machine? could i actually just buy a grand at .0001 and double it in a day? Hmmm. I dont want to be the first to do it, but if someone else does it, i'll consider jumping on the bandwagon.

[roy]

seriously. I wake up every morning and look at my measly stack of GWGO chips and think, could this be a cash machine? could i actually just buy a grand at .0001 and double it in a day? Hmmm. I dont want to be the first to do it, but if someone else does it, i'll consider jumping on the bandwagon.
I have done it in past with GWGO. 1 day I did it twice. At times it gets difficult to fill your sell orders and you end up holding it for days. GWGO will go up to .0004 (or higher) sooner or later.

[computeraces]

well... I'm giving it a shot, but with only a small amount of money. I bought some at .0001 today. Trying to sell at .0002 now. We'll see what happens...

[stockviper]

Great West Gold, Inc. -- `Mockingbird' Gold Property Assessment
11/01/2006 10:24

NEW YORK, Nov. 1, 2006 (PRIMEZONE) -- Great West Gold, Inc. (Pink Sheets: GWGO) announced that it would be providing stockholders with more detailed data on its various Mining Exploration Projects in order for stockholders to gain a better insight into the value of the Company. Great West Gold, Inc. confirms that the Chairman of its Advisory Committee, Dr Wayne P Colliston, is continuing with the re-assessment of Great West Gold, Inc.'s Mining assets, and to that end, is releasing this report, compiled in August, 2004 on the "Mockingbird" gold (silver - copper) property. Dr Colliston is preparing an updated report on this property at this time and upon its completion, this report will be made available to our stockholders. This is the second report being released by the Company, the first having been the "Bouse" Gold Mining Project, the details of which were announced last week.

At the gold price of approximately US$400/oz (in August 2004), this provides a value estimate for the deposit in the range of up to $400 million. The estimated gold resource does not include the potential of the 16 gold placers identified on the property. At the current Gold price of circa US$600/oz, the revised and updated valuation report being prepared by Dr Colliston will be significantly higher.

INTRODUCTION:

The Projects are located in the historic Mockingbird Mining District, about 50 miles (80 kilometres) southeast of Las Vegas. The project area is on federal lands about 5 miles (8 km) west of the major Las Vegas / Phoenix highway and within 10 miles (16km) of the Colorado River; it comprises 4 claim groups spread over 2,500 acres.

As such, enough is known about the Projects to warrant reassessments of their mineral resource potential.

In Arizona, the Company will enter one of the most exciting and historical gold producing areas in the USA with its new high potential gold projects, namely, the Mockingbird and Great West Gold Project including the four claim groups. Significant reserves and gold mineralization are expected at depth, constrained by the structural controls associated with the Mockingbird detachment fault.

The sources of information available at the time of compilation of this report have been extracted from reports of the U.S. Geological Survey, reports prepared for Golden Sierra and references from the gold industry including other Arizonian gold projects (these are available on request from the Company's web site).

The resource potential available to the proposed future operations has been estimated by the project managers and consultants based on data drawn from reports and records related to the Golden Sierra and previous operations. There is no reason to doubt the authenticity or substance of those records and we believe that for the purposes of this report the estimates extracted from those reports could be acceptable.

A complete audit of the information available at the time of compilation has not been carried out, and the valuation of the mineral potential contained in this report assumes that confirmation of certain of the resources will be carried out at an early stage of exploration.

The investigations have concentrated on the review of the gold resource within the Mockingbird Project area and have relied on estimates and proposals as provided by Golden Sierra and previous data to make the review and estimates. There is no reason to doubt the information so obtained.

TITLE

Mining title consists of 2,500 acres (1,011.72 HA) of mineral rights and comprise a number of federal claims, namely:


Lode deposits: three
Placer deposits: sixteen.
And Claim Groups, which consist of:
The Mockingbird Claims, the Dandy Claims, the Great West Claims and
the MP Claims.


It is significant to note that the claim block includes four existing mines, namely, Mockingbird, Great West, Hall (Dandy) and Pocahontas; all these mines contributed significantly to the past gold production in this important gold producing mining district.

PROJECT OVERVIEW AND PAST EXPLORATION

The Mockingbird Project involves an important new type of Arizona gold deposit, called a "detachment fault" deposit. Detachment fault deposits were first recognized as a separate form of gold deposit in the 1980's. The best example of an Arizona detachment gold deposit is Copperstone (Figure 1), which, like Mockingbird is in the highly extended Western Arizona terrain near the Colorado River.

Copperstone was the biggest gold discovery in Arizona in at least 50 years. Cyprus Gold profitably mined the 500,000 oz open pit resource during the 1980's. Based upon the underground drilling by American Bonanza, it appears that the underground high-grade resource is even larger. This is however to be expected from the style of mineralization associated with detachment faults.

Unlike Copperstone, Mockingbird is an historic gold producer, producing some 15,000 ounces from high-grade ore at a weighted average grade of 0.8 oz/T. A majority of this production was from the Mockingbird Mine itself, which is the centerpiece of the Company's land position. Other mines producing gold were the Great West, Hall (Dandy) and Pocahontas Mines, all of which are included in the claim block (see Wilkins 1982). A gold rush was initiated at Mockingbird during the 1980's, with many companies providing large amounts of exploration activity. Anaconda, who acquired the Mockingbird Project, focused exploration on the area east of the historic Mockingbird and Great West mines, and lying beneath the surface trace of the Mockingbird detachment fault. Anaconda estimated a deposit of at least 10 million tons of .05 to 0.1 oz / T gold. This means the deposit is in the range of 500,000 to 1,000,000 ounces of gold, approximately the same size as Copperstone. This estimate does not include the additional vein material included in the earlier mentioned Wilkins Report. Joe Wilkins assessed the deposit for Gulf Mineral Resources in 1982 (see "Economic Geology of the Mockingbird Mine Area") and assumed a deposit of at least 500,000 tons at 0.1 oz / T from just the surface veins. The project was turned down as Gulf was of the opinion that the project was not big enough. Next, Santa Fe Gold (now part of Newmont) acquired a claim block at the historic Mockingbird mine. Although their work showed anomalous gold in numerous samples, Santa Fe cancelled the project without drilling on the erroneous theory that the gold was largely found in veins and not in wall rock.

It is clear that in making this decision, the structural geology controls on the mineralization were poorly understood. This left the door open for Anaconda, which acquired two square miles of claims (all included in the Companies' land position). Anaconda geochemistry delineated numerous gold anomalies. A seismic survey confirmed that the detachment fault was largely horizontal under the eastern portion of their claim block.

There is little subsequent exploration history on the property. Arco (Anaconda's parent company) shut Anaconda down and abandoned the project. Chevron then staked the same area, did their geochemistry and selected drill targets. Chevron then merged with Gulf, and the combined unit was under the management of former Gulf personnel. As explained above, Gulf had previously turned down the project and now moved to terminate it. Western States next acquired the property for several years and apparently only did some trenching. Golden Sierra, who viewed it as one of their biggest and best gold properties to date, then acquired the Mockingbird project.

GEOLOGY OVERVIEW:

The Mockingbird Mining District is situated along an undulating pediment along the east flank of the Black Mountains and occurs in the "basin and "range" province of the south-western United States. The province has undergone crustal extension, with the development of symmetric structural arrays such as horsts and grabens, with the horsts being the ranges and the grabens being the basins in the "basin-and-range topography. Igneous activity (basaltic volcanism) occurred with the extensional faulting during the Mesozoic to the Cenozoic. The Mines in the district are situated along a distinct N30 degree west linear feature that cuts across the Black Mountains and displaces all older lithologic and tectonic features. The NW trend is probably a late tertiary, basin and range fault zone that localized and preserved the mineralization at the mines

The geology and mineralization of the Mockingbird District is strongly influenced by Tertiary-age detachment faults and younger high-angle normal faults, associated with the abovementioned crustal extension. The regional geological setting is a major detachment fault (called the "Mockingbird Mine Fault"; Faulds et al., 2000) separating tertiary volcanics in the upper plate from Precambrian gneiss in the lower plate.

Mineralization is found in both quartz veins and breccia zones hosted by steep faults. The mines in the Mockingbird district are located along northwest to east west striking, north-dipping to flat quartz veins containing specular hematite, oxidized copper minerals and free gold.

The nature of the structures and mineralization further suggest potential for another type of ore deposit -- that of the strong likelihood of a major detachment fault associated gold / copper deposit, similar to the proven and mined Copperstone and Mesquite deposits. This was the working hypothesis of Anaconda and, later, Chevron. Unfortunately, the hypothesis could not be tested; neither company drilled the property because of project cancellation resulting from shutdown of the company (in the case of Anaconda) or merger (with Gulf, in the case of Chevron).

Surface and dump sampling shows a close correlation to Copperstone mineralization with the following average grades for all samples: Gold - 0.09 oz/T; Silver - 0.3 oz/T and Copper - 0.4%.

Chevron's geochemical work suggests two undrilled anomalies in Sections 26 and 35.

Sixteen Placer gold deposits have been identified on the claims area, but have not been tested to date.

Exploration Model:

The Mockingbird Project area has the potential for the development of a large gold reserve.

Expectations are high that a resource will be confirmed by following the known mineralization, (a) eastward (in the case of the Mockingbird Mine) and (b) north-eastward (in the case of the Dandy and Great West) under the detachment fault. The deeper Mockingbird gold mineralization is expected to occur in northwest-striking, moderate to shallow dipping fault zones related to the Mockingbird fault structural horizon in the footwall of the fault (Precambrian basement gneiss). The expected gold mineralization will be associated with breccia zones where the fault rock has been intensely sheared, altered and replaced with intense hematite and magnetite, chloritization, silicification and copper oxides related to the fault. Without the benefit of Anaconda's work, it will be necessary to re-do some geochemical and geophysical work to select drill sites.

The Mockingbird Area is modelled as a lower plate deposit, and east of the Mockingbird detachment fault the lower plate is buried. This area east of the fault is where most of the former claims occur; however large scale mining did not acquire the historic Mockingbird, Dandy and Great West Mines which are west of the fault where the lower plate is exposed.

RESERVE REVIEW

Anaconda estimated an Inferred Resource of at least 10 million tons of 0.05 to 0.1 oz/T gold with additional resources of silver and copper. U.S. Geological Survey Open File Report 92-002 and the Arizona Department of Mines and Mineral Resources corroborated these estimates. Underground operations and an open pit have previously been established with initial assay results and informal sampling confirming widespread surface gold mineralization, some of which is high grade gold (2 oz/T).

The deposit size may be in the range of 500,000 to 1,000,000 ounces of gold. At the gold price (in August 2004) of approximately US$400/oz, this provides a lower estimated value for the deposit of USD200 million and an upper value of USD400 million.

The estimated gold resource does not include the potential of the 16 gold placers identified on the property.

CONCLUSIONS AND RECOMMENDATIONS

Conclusion

From the assessment of the Mockingbird Project Area the following conclusions are made:


1. The Mockingbird Project is a relatively high tonnage, low-grade
potential deposit. It has an Inferred Resource of at least 10
million tons with variable grade of 0.05 - 0.10 oz/T (1.55 - 3.1
gram/ton).

2. The gold resource is estimated to be of the order of 500,000 to
1,000,000 ounces of gold; this excludes the potential of the 16
gold placers on the property.

3. Silver (0.3 oz/T) and Sulphide mineralization (copper: 0.4%) may
also show potential during future development on the whole
property.

4. The gold resource can be raised significantly by drilling for the
subsurface extension of the Mockingbird Detachment Fault, with
the expectation of discovering high volume mineralised detachment
fault deposits.

5. The sixteen identified placer deposits are easily mineable and
also have the potential of raising the gold resource.
Recommendations


Extensive exploration at greater depth should be considered as very important to increase the resource of the property and appropriate technology applied for its exploitation.

GENERAL:

The "Mockingbird" Gold Mining Project is owned by Sentinel Mining Holdings plc. Great West Gold, Inc. retains a stake of 51% in this Company after distributing 41% of this Company's stock to Great West Gold, Inc. stockholders of record as at November 14, 2005. It is intended that Great West Gold, Inc.'s interest in this Company and in its "Mockingbird" Gold Mining Exploration Project be sold into "The Sentinel Gold Group" as set out below.

Great West Gold, Inc. has announced that it intends to dispose of all of its Gold and Copper Mining interests into three new OTC quoted companies and upon the completion of those "Reverse Merger", distribute all Great West Gold, Inc.'s stockholding in those companies to Great West Gold, Inc. stockholders. Great West Gold, Inc. will be making an acquisition in another Industry Sector.

Great West Gold, Inc. will be creating two new OTC quoted Gold Companies and one OTC quoted Copper Company through this de-merger of its Mining Assets. The de-merger will be structured as follows:-

THE "TREASURE KING GOLD GROUP":

Great West Gold, Inc. announced that it significantly increased its Gold assets through the acquisition of the "Storm Cloud", "Venezia", "Starlight", "Buffalo Lime Cap", "Red Cloud", "Buffalo", "Federal", "Gladstone Lookout" and "Bonanza" Gold Mining Exploration Projects. Great West Gold, Inc. already owns the "Treasure King" and the "Yaba" Gold Mining Exploration Projects. Great West Gold, Inc. intends to dispose of these Gold Mining Exploration Interests, being the "Storm Cloud", "Venezia", "Starlight", "Buffalo Lime Cap", "Red Cloud", "Buffalo", "Federal", "Gladstone Lookout", "Bonanza", "Treasure King" and "Yaba" Gold Mining Exploration Projects; to a (yet to be confirmed) OTC quoted Company to form "The Treasure King Gold Group", through a "Reverse Merger".

Great West Gold, Inc. will, upon completion of this "Reverse Merger" transaction, divest itself of its entire stockholding in the quoted, "The Treasure King Gold Mining Group", to Great West Gold, Inc. stockholders.

THE "SENTINEL GOLD GROUP":

Great West Gold, Inc. holds 51% of each of the following Gold Mining Exploration Projects:


"Ambassador" held through Ambassador Gold Holdings plc
"Golden Eagle" held through Golden Eagle Mining Holdings plc
"Bouse" held through Bouse Mining Holdings plc
"Mockingbird" held through Sentinel Resource Holdings plc
"South Copperstone" held through Copperstone Mining Holdings plc


Great West Gold, Inc. stockholders, through the declaration of Stock Dividends in November and December of 2005 and in January 2006, hold an amount of 40% of each of these Companies. The balance of the stock in each of these Companies, being 9.99%, is held by Searchlight Exploration, LLC.

Great West Gold, Inc. (along with Searchlight Exploration) intends to dispose of their combined 60% stockholding in these Gold Mining Exploration Interests, being the "Ambassador", "Bouse", "Mockingbird", "South Copperstone" and "Golden Eagle" Gold Mining Exploration Projects; to a (yet to be confirmed) OTC quoted Company to form "The Sentinel Gold Group", through a "Reverse Merger".

All of the stockholders, holding the balance of 40% in each of these Gold Mining Exploration Companies, will be offered the chance to exchange their stock in each of these five Gold Mining Exploration Companies for stock in "The Sentinel Gold Group", and on the same terms and conditions as Great West Gold, Inc. and Searchlight Exploration, LLC.

Great West Gold, Inc. will, upon completion of this "Reverse Merger" transaction, divest itself of its entire stockholding in the quoted, "The Sentinel Gold Mining Group", to Great West Gold, Inc. stockholders.

THE "COPPER MOUNTAIN MINING GROUP":

Great West Gold, Inc. announced that it significantly increased its Copper assets through the acquisition of the "Tip Top", "Mineral Mountain" and "Swansea" Copper Mining Exploration Projects. Great West Gold, Inc. already owns the "Copper Mountain" Copper Mining Exploration Project. Great West Gold, Inc. intends to dispose of these Copper Mining Exploration Interests, being the "Copper Mountain", "Mineral Mountain", "Swansea" and "Tip Top" Copper Mining Exploration Projects; to a (yet to be confirmed) OTC quoted Company to form "The Copper Mountain Mining Group", through a "Reverse Merger".

Great West Gold, Inc. will, upon completion of this "Reverse Merger" transaction, divest itself of its entire stockholding in the quoted, "The Copper Mountain Mining Group", to Great West Gold, Inc. stockholders.

Great West Gold, Inc. will be continuing to update stockholders with reports on each of the Gold and Copper Mining Exploration Projects in its portfolio.

[computeraces]

blah, blah, blah.... the stock still did nothing. I'm still trying to sell my shares at .0002.

[nkn]

Is anyone still in this one?? Will it ever move again??

[stockviper]

I'm in...flipped it a few times when it was still moving but now there are just soooo many shares. GWGO seems dedicated to adding valuae and is working (according to the PR's) to add value for the shareholders. If your not in I'd say throw a small amount in as this could be a good speculation with very little downside and a chance to easily double your money but you may have to wait a while for something to happen. Like I said, I'm in and am patiently waiting.

[computeraces]

I'm still waiting too...

[lumanikus]

yep still in too. What the hell, let er ride!

[lumanikus]

yep still in too. What the hell, let er ride!

[stockviper]

I noticed yesterday that GWGO changed some of the info on their website. Something is happenning! Just wish the PPS would start moving.

[computeraces]

Just wish the PPS would start moving.

don't we all.

[rfi]

This is a newbie question but I am still learning. How does this stock continue to have huge volumes of trading but absolutely no price movement at all?? Thanks for the help.

[stockviper]

RFI...Just too many shares AND the level II quotes indicate a lot of buy and sells going through for, yes....0001. The buyers are jumping in with .0001 buys and a lot of the sellers are tires of holding it and are selling at .0001.

I think the next few months will see some big changes to the company which should cause some activity but until then it's hurry up and wait.

If you are not in $100.00 invested here could double/triple if you can be patient enough.

[rfi]

Thanks for the info. I bought a mil shares a couple of weeks ago and going to sit and see what happens. They do say "Patience is a virtue!"

[stockviper]

Just so you know, I put my money where my mouth is...

I have 15 million.

And yes, patiently waiting, waiting, waiting, ZZZZZZZZZZzzzzzzzzzzzzzzzzzz

[rfi]

I was able to ride the wave of ecfl this morning and cashed in on a nice payday so I have a little extra money to play with. I was thinking of buying another mil and taking the chance? Any thoughts?

Holding 15 mil. Any movement has got to help.

[nkn]

anyone still here? Say I.

[computeraces]

I still have my shares.

[stockviper]

This hasn't hit the wires but I received this email AND it is also on the GWGO website.

Good news in my opinion.

Great West Gold, Inc. –
Appointment Of President
Company confirms appointment of
new President of Board

NEW YORK, December 4, 2006 – Great West Gold, Inc. (PINKSHEETS : GWGO)
announces the appointment of Peter J Bezzano as the new President of Great West Gold, Inc. with immediate effect. Mr Peter J Bezzano will be replacing Mr Richard M Axtell, who has resigned from the Board of Great West Gold, Inc. due to his numerous outside commitments.

Mr Peter J Bezzano is a Solicitor (Attorney) in the United Kingdom and is the Chief Counsel to the St James Capital Holdings, Inc. Group. Great West Gold, Inc. is indebted to St James Capital Group Holdings, Inc. in respect of Convertible Loan Notes exceeding US$80 million.

Mr Peter Bezzano will be issuing an Announcement tomorrow wherein he will deal with all outstanding issues including his commitment to the immediate appointment of an Auditor and to bring the Company’s filings up to date.

About Great West Gold, Inc.

Great West Gold, Inc., www.greatwestgold.com, a gold mining exploration stage
company, engaged in the acquisition and exploration of mining properties in the
United States. The Company has Gold assets through its holdings in “Bouse�,
“Mockingbird�, “Ambassador�, “Yaba�, “Golden Eagle�, “Bonanza�, “Storm Cloud�,
“�Starlight�, “Venezia�, “Federal�, “Buffalo Lime Cap�, “Red Cloud�, “South
Copperstone� and “Gladstone Lookout� Gold Mining Projects. The Company’s Copper
assets are “Copper Mountain�, “Swansea�, “Tip Top� and “Mineral Mountain�. The
Company holds five of these Mining Assets through its 51% holding in Bouse Mining
Holdings plc, Copperstone Mining Holdings plc, Ambassador Gold Holdings plc,
Golden Eagle Mining Holdings plc and in Sentinel Resource Holdings plc. The other
Mining Exploration Projects are 100% controlled by the Company.
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.

[stockviper]

The 8K was just filed. It's nice to know the company hasn't fallen asleep and by the mere fact they filed this with the SEC that tells me they want to play by the rules. No major news but just the formal notification of the change in officer's.

Now. if we can just get the stock moving again before I fall asleep.


Form 8-K for GREAT WEST GOLD, INC.

--------------------------------------------------------------------------------

26-Dec-2006

Change in Directors or Principal Officers, Financial Statements and Exhibit



ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
Robert Axtell resigned as a member of the Company's Board of Directors and as the Company's President, Chief Executive Officer, Chief Financial Officer, Chairman of the Board, Secretary and Treasurer, effective December 14, 2006. The resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

Peter Bezzano was appointed as a member of the Company's Board of Directors and as the Company's President, Chief Executive Officer, Chief Financial Officer, Chairman of the Board and Secretary, each as of December 14, 2006. Peter Bezzano, age 39, is a United Kingdom qualified and admitted solicitor who completed his academic law training at Oxford. He has extensive commercial experience gained working for high profile commercial clients while working for City of London commercial law practices. Mr. Bezzano has previously played a pivotal role in large scale land acquisition and development programs, working with both local and national governmental agencies and departments and major well known high profile PLCs. In 2005, Mr. Bezzano left private practice to devote more time to the St James Group of companies and during this period, he has risen to the position of Chief Counsel to the entire group. Previously Peter has advised and acted for overseas government departments active in the tourism sector. Peter has extensive experience in the purchase and sale of large companies gained primarily in the real estate, recreation and health sectors. Peter has also acted for mining groups active in Africa. As well as being a qualified solicitor, Peter has both under graduate and post graduate degrees in Town Planning and has advised large private companies in Town Planning matters and has successfully run a number of high profile appeals.

No transactions have occurred in the last two years to which the Company was a party in which Peter Bezzano had or is to have a direct or indirect material interest. Mr. Bezzano does not have an employment agreement with the Company.





ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired.

Not applicable.

(b) Pro Forma Financial Information.

Not applicable.

(c) Exhibits.

17.1 Resignation Letter of Robert Axtell, dated December 14, 2006

[stockviper]

Anyone besides me still holding, waiting, sleeping?

[rfi]

Yea I'm still in and waiting?!!!

[roy]

me too

[computeraces]

me three.

zzzzzzzz.....

[InvestingMoron]

Get back in line.

[stockviper]

I'm glad I'm not the only one.

I was starting to consider buying the company foolishly thinking I was the only shareholder...just kidding.

Think on the bright side. At .0001 per share it really can't go much lower and for it to double would be soooo easy.

[stockviper]

I sent an email to the company asking if it was for sale? I figured out of curiousity someone there may say "oh, we really need to do something to get some value for our shareholders". So far nothing. No reply and we are still at .0001.

Hey, buy it here at .0001 and when it goes to .0002 you have doubled you money...LOL.

[roy]

For a second, I thought you were gonna say you'd buy the company. Still holding and hoping.

[stockviper]

For a second, I thought you were gonna say you'd buy the company. Still holding and hoping.

The thought did cross my mind but I only have 15,000,000 shares! LOL

If I had that many shares of some other companies I would be a majority owner.

I'll go back to sleep now and wait for the next press release telling us to watch for a press release.
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz zzzzzzzzzzzzzzz

[stockviper]

SOMETHING IS UP!

I just noticed over 165 million shares traded so far today.

Average daily share volume has been around 20 million.

Sniff sniff? ??

[roy]

I noticed that too. About time it did something.

[rfi]

166 million so far but no change!

[stockviper]

I wonder if MAYBE the company is buying stock to retire it or give it to shareholders as a dividend OR as payment to the new CEO?

Or possibly a takeover attempt? 165,000,000 shares at .0001 is a whopping $16,500.00 so it may be far fetched for a takeover attempt but it still strange?

Just some thoughts.

[roy]

I wonder if MAYBE the company is buying stock to retire it or give it to shareholders as a dividend OR as payment to the new CEO?

They were good with dividends last year. Maybe that's what they will do this year again.

[stockviper]

I just checked my account history. Ironically they did pay a dividend last year on Feb.13th.

Hmmm, still wondering.

[rfi]

How much was the dividend they paid last year?

[Tooty]

I have gotten out of this one. I'm not sure it is such a good idea to accumulate gazillions of shares of GWGO.pk When breaks down into 15 different companies or whatever. You're gonna have a hellva hard time off-ing worthless shares not to mention the commision will slice deep into any hope of profits. It is too much gambling for me. Just my 2 cents or the .0002 cents that you have been hoping for.

So, whose still in it?

[stockviper]

Again today, like yesterday...There goes 150 million on the volume but no news.???

[stockviper]

How much was the dividend they paid last year?


Looking at my Scottrade...the 2/13/06 dividend was 20% in stock, the 9/8/06 dividend was between 15%-20% and the last on 10/10/06 I'm thinking was around 20%. I bought more after that and lost the exact count of the dividend percentages.

Good luck.

[stockviper]

Another 50 million shares traded so far this morning. WTF is going on...Massive buying.

[speedcrazy1532]

Pr out. so there splitting it again. Doesn't this mean that technically i can buy as many shares as i want at .0001 untill it splits, then double my money when it does?

[stockviper]

I am starting to become confused...(starting?). What stops this stock from trading at .00005 the day after the split?

300 Billion shares at .0001 = 30 million dollars. Are you telling me after the split the company will just give away another 30 million $$ in stock? I don't think so. As much as I want to empty my bank account and buy as much as I can I can't really believe that doubling my money is that easy but that's just me.

[rfi]

According to their pr release that is exactly why they are doing the forward split. To create "immediate relief" to stockholders. I bought another mil this morning. Why not! $100 for a mil and if it does move anywhere at all it's going to be positive. It can't very well trade any lower!

[rfi]

796 mil traded so far today! Think anyone else is loading up based on the pr that you will double your money on Feb. 8th. I can't get a chart to see how much is sell and buy.

[Thierry Martin]

687

[rfi]

Thanks Thierry

[stockviper]

Darn only 900+ million traded today...LOL.

Couldn;t even break a Billion shares traded.

[stockviper]

796 mil traded so far today! Think anyone else is loading up based on the pr that you will double your money on Feb. 8th. I can't get a chart to see how much is sell and buy.

That's assuming you can sell it for .0001. ???

[rfi]

That's assuming you can sell it for .0001. ???

Very true but not everybody was buying today. We'll have to wait and see what happens over the next couple of weeks.

[rfi]

WOW we actually got some movement today. All the way to .0002!!!!

[rayk]

100% gain...not bad...seems to be going back up again!!

[metalheadrr3]

With all the bouncing from .0001 to .0002 ... I bet someone has probably doubled their money several times over today.

[bahroor]

oh yeah...
im sure its easy to get filled @ .0001 and dump @ .0002

put me down for 100% profit today please!

[computeraces]

1 Billion shares changed hands today. My order to sell at .0002 never was met, but it did hit it a couple times today. Maybe it'll go again tomorrow.

[stockviper]

Anyone having any luck selling at .0002?

[rfi]

Anyone having any luck selling at .0002?

Nope, I have had a sell in since Wednesday and nothing has been filled yet!

[stockviper]

I bought another 5 million today. I think tomorrow is the last day you can buy it and have it settled before the 8th so we can get the split. After that watch all us silly people trying to sell at .0001.

Can't help but laugh.

[blakefar]

Hey everybody... Im new the the whole stock market thing... yes im sorry... But eyeing this stock made me really wanna throw a simple $100 into it... Do you recomend buy now? at .0001?
How is this stock doing for everybody?

[stockviper]

Hey everybody... Im new the the whole stock market thing... yes im sorry... But eyeing this stock made me really wanna throw a simple $100 into it... Do you recomend buy now? at .0001?
How is this stock doing for everybody?

Blakefar...$100.00 would be a good starting point here. If it tanks you get a quick stock market lesson at a cheap price. You never know, next year it could be at .0005 and you might have made 5 times your money.

Good luck!

[speedcrazy1532]

It can't go any lower, correct? .0001 = 1 slug (look up my other post, lol)

[blakefar]

So how many shares can you buy when you put $100 in at .0001? the decimals confuse me :oops:

[computeraces]

1,000,000 - or 1 million. Of course, that's if you buy it for free, but usually there's a charge to buy a stock. Example: Scottrade is $7 to buy/sell a stock.

[blakefar]

Thanks you guys rule!

[stockviper]

So how many shares can you buy when you put $100 in at .0001? the decimals confuse me :oops:

The decimal s are a pain in the Arse! The company & stock are fine. I just wish we'd actually get to a real amount...1 cent would make me happy, wait, that's still has a 0...

[blakefar]

Now yesterdays stock volume closed at around 700 mill. Now its around 400mill... Are people loosing trust in this stock?

[metalheadrr3]

Nah, the stock wouldn't command such a high price if people lost their trust in it. When I see stocks trading this high I know that the top brass must be a crack jack group of winners =)

[blakefar]

Vol. at 905mill... hahah I second that crack jack group of winners!

[Jordan]

Who on this forum is in this stock?

[blakefar]

Yesterday I bought less then 1mil. shares... See how that goes...

[speedcrazy1532]

anybody get there split yet? im still waiting for mine.

[computeraces]

I'm still waiting too.

[blakefar]

Waiting also.... All stock financial sites display such little information about this stock... Whys that? No real data on the graph as it seems... And do you think this stock will ever slowly go up, if so when?

[stockviper]

I hope my screen is big enough to hold a stock with so many 0's behind it.

Just think maybe some fool has an automatic buy set up. When 2-billion shares trade at .0001 the program kicks in and keeps on buying until the price rises to .0005. I know, just dreaming out loud.

[computeraces]

I had a sell order in for this, but it was canceled. Here's an email I got from Scottrade...

"An open order for symbol GWGO has been cancelled on your account due to a stock split, reorganization, delisting or name/symbol/CUSIP change.

Please contact us for more information or assistance; go to Scottrade.com to log into your account."

I logged in and it still shows the same amount of shares. I don't see any change. Anyone else see anything?

[speedcrazy1532]

yeah, i don't know about being able to sell it right away. I know we can, but there might not be a market for them. Or they could just close up shop and run away with all our money, lol, jk.:eek:

[blakefar]

That weird... on some finacial websites... it says this stock went up 100percent to .0001 but the shares are still on .0001 hmmm no idea...

[speedcrazy1532]

lowtrades says i lost all my money, lol8O

[rfi]

http://www.greatwestgold.com/index.htm

Nothing has been changed on the website. I just talked to TD Waterhouse and they didn't say there was any negative news.

[speedcrazy1532]

yeah, im not too worried about it, i think the stock looks the way it does on lowtrades because it probably actually sold for sub .0001 price, but it will recover.

[speedcrazy1532]

I'm still a little confused as to how it's selling that low though, i thought it couldn't go any lower than .0001?

[speedcrazy1532]

And here we are back at .0001. I'm still interested as to why they were so concerned on keeping shareholders that they split like that, maybe theres something big coming up?

[blakefar]

Soo um... Now the financial sites doesn't display a graph for our poor stock... Whats with that?!
Also I was thinking of buying another 2 mill shares... is it worth it now? Seems kinda dull now... hmmm....??

[speedcrazy1532]

Well if your looking at today thats because the markets were closed for the holiday. as for the rest of the pervious days, www.cnnmoney.com has a graph no problem. buying another 2mil isn't really a bad idea, it just might not get you anywhere anytime soon. However, jast year around this time the stock ran from .0004 all the way to .003. The stock can't go any lower though, unless the company goes caput.

[blakefar]

Great! Thanks for the advice!
Yah very true! It can't hurt...

I guess you and me speedcrazy are the source of the Vol.... We'll be rich in another 6 months haha.... just watch heheh

[speedcrazy1532]

hahaha, yeah, were definetly some of the source. I could have sold at .003 when it went that high, just some advice to you...don't be greedy. I got in this stock when i was a noob, i bought at .0004 and when it went to .003 i got greedy and didn't sell. Usually, wht i do is have a certain amount of shares on a limit order to sell at, say, .0002. If the stock makes that little jump, and im not around, i doubled my money. The i take another number of shares and set them at a higher limit order, say .0007 or more. then, if im not around, and the stock should go that high, im not kicking myself later:mad:. Point is, use whats available to you, and always remember, even a little bit of profit is better than none at all, even if you could of had more.

[blakefar]

Yah very true... great advice!
But also we'll keep in touch as the stock fluctuates... (if it ever moves heh)
Keep in touch as a family!

Thanks for the hints man!

Take Care!

[stockviper]

For those with Scottrade (like me), the homepage does not show the split but Gainskeeper does.

[computeraces]

interesting. thanks!

[blakefar]

Why does it say our Stock Volume is only 300,000?!?!

[stockviper]

Why does it say our Stock Volume is only 300,000?!?!


That's a mighty $30.00 trade BEFORE you add commisions. Might be a corporate bonus being payed...LOL.

[blakefar]

ahah, so are us stockholders all ******? hahah

[indigo]

I'd just like to say I'm up 750 cash money on this stock... Does anyone want to fill my order of 17,333,336 shares?

[born.2.b.rich]

Im new to all this, where can i go to spy this stock ?!?!? nasdaq and tdameritrade will only give me a quote for .0001 and higher...

[blakefar]

born 2 be rich: I cannot find a good site that will display any of this info... most of these stock sites don't say crap about this one stock... if anybody finds one, let me know!

[speedcrazy1532]

yup, there is no info anywhere on this stock. The volume is low because theres no PR's, once a good pr hit's people will jump back in and volume will return to normal levels.

[lumanikus]

yup, there is no info anywhere on this stock. The volume is low because theres no PR's, once a good pr hit's people will jump back in and volume will return to normal levels.

He said normal.....lol.... i guess thats all relative...8O

[speedcrazy1532]

yup, normal in the penny stock world. 400,000,000 shares is the average vol.

[lumanikus]

Yeah but no price change at all, no mater what the news or the volume. Thats whats coo-key... I'm still in though;let it ride:wink:

[stockviper]

Yep, I'm still riding also. I just hate to wait. I can't even seem to sell a few of my shares although I see trades going through.

I guess I'm being greedy trying to sell at .0001 (LOL).

[lumanikus]

What are you trying to break the bank!?
Damned you big money playaz....:lol:

[stockviper]

Well, it does look nice to see ALL those zeros on my account. I wish they were in the dollar column but you can't have everything.

[stockviper]

Great West Gold, Inc. – Corporate Update

Company issues an update to its Stockholders

NEW YORK, NY, March 1, 2007,

Great West Gold, Inc. (PINKSHEETS : GWGO)
wishes to update its stockholders on its plans and to address outstanding issues
that are being managed by the Company’s new President, Mr Peter J Bezzano.
Mr Peter J Bezzano, the President of Great West Gold, Inc. stated that he has, for
the past two months, been familiarizing himself with the Company, all
outstanding issues affecting the Company's credibility and more importantly,
numerous stockholder concerns. He has now, read all of the stockholder
communications with the Company and is now fully aware as to the immediate
requirements and the demands of our stockholders and the Company’s
bondholders.
OUTSTANDING STOCK DIVIDEND DISTRIBUTIONS:-
The Company is immediately resolving the issue of the outstanding stock dividend
distributions with the Transfer Agent; this is expected to be resolved without any
further delay. This is in respect of the dividend distributions in: Bouse Mining
Holdings plc, Ambassador Gold Holdings plc, Golden Eagle Mining Holdings plc,
Copperstone Mining Holdings plc and Sentinel Resource Holdings plc. The
Company expects to report a satisfactory resolution within days.
APPOINTMENT OF NEW AUDITORS:
The Company has this matter in hand, certain accounting details are being
finalized and upon this completion, the new Auditor appointment will be
announced. This is expected to be completed very shortly as there is no reason
for any further delays.
OUTSTANDING FILINGS:
It is the priority of this Company to bring its filings up to date immediately. We
foresee no problems in this, given that we expect to appoint the new Auditor
within days.
APPLICATION TO BE REINSTATED ON THE OTC BB MARKET:
This application will be made at such time as the Company’s filings are up to
date. We do not foresee any problems nor should this exercise take an inordinate
amount of time. This application cannot be made until the Company has brought
its filings up to date.
UPDATE OF CORPORATE WEB SITE:
The various changes required to bring to the corporate web site up to date and to
make it more informative, have been approved, and will be reflected on the web
site within days.
FUTURE PLANS:
The Company remains committed to enhancing stockholder value and is at this
time, continuing the finalization of our stated plans to create to three separately
quoted Mining Groups (Two Gold Groups and One Copper Group), each to be
quoted individually. The strong commodity prices have attracted a lot of
unsolicited interest in this Company, from various third parties. We are at this
time, evaluating certain proposals and will hopefully be in a position shortly to
report back to our stockholders. We do not intend for this process to be delayed
any longer.
GENERAL :
Further to stockholder inquiries, we can confirm the following :
- The Company is not, at this time, contemplating a Reverse Split of its
outstanding shares of Common Stock.
- The Company is looking at an acquisition in a related Industry but is
unlikely to close such an acquisition prior to the distribution of its Mining
Assets to its stockholders.
- The Forward Split of the Company’s Stock has been completed and all
stockholders should in possession of their additional shares of Common
Stock.

[lumanikus]

"The strong commodity prices have attracted a lot of unsolicited interest in this Company, from various third parties."

As in mergers, buyouts?

[stockviper]

"The strong commodity prices have attracted a lot of unsolicited interest in this Company, from various third parties."

As in mergers, buyouts?


I agree! I thought that would have happenned a long time ago but maybe because GWGO is a small player it has taken longer to find them.

I'm starting to get excited again after months of slumber...

[stockviper]

Volume is going good again. Somebody wants it!

[speedcrazy1532]

and to think i heard about this stock from some site i could never find again. maybe it'll hit .003 again like it did last march or april. 8O

[blakefar]

So if this company merges with... lets say... Microsoft.... for some crazy reason just an example... do our shares go up to microsoft current shares which is 27.76

you think there are chances of mergers... if thats how merging works then....
Blake likeee! hahah

[stockviper]

and to think i heard about this stock from some site i could never find again. maybe it'll hit .003 again like it did last march or april. 8O

That happenned to me too. If it wasn't for those strange sites, I'd probably miss out on 1/2 of my finds. Anyway, here's to the future, it looks pretty good now, as of th elast PR. And .003 would make me extremely happy.

[speedcrazy1532]

Yeah, i was so new to this and greedy back then that i held on, i don't know what i was hoping for, a dollar? lol.

<--------Moron., lol

Anyway, i agree a takeover intrest makes me drool, and no it wouldn't jump to the price of the intrest party, but it SHOULD jump considerably... the volume is still really low though.

P.S. Check out DCBI, i posted on here about a week ago to watch it and there it went, i think it has alot more potential though.

[stockviper]

GWGO was one of my first penny's. I bought, got divy's and sold some at a profit, then got caught back up in some hype and bought more. I'm basically a little above even now (at .0001) but can't sell so will hold on and wait for "the news".

[lumanikus]

Yeah, i was so new to this and greedy back then that i held on, i don't know what i was hoping for, a dollar? lol.

<--------Moron., lol



lol, well i can top that. My internet connection went down and i lost $$k! Then i THINK its going back up get greedy and lose another $k.......lol It wasn't with this stock.

Yep you know what they say, If it dosent kill ya........it will scar you for life..:wink:

[speedcrazy1532]

Well i hope you at least got a better connection, lol

[stockviper]

No news!

Hurry up and wait, I'll bet it's June till we here something from the company.

[stockviper]

Strange...no news but heavy volume today. We have already traded the usual daily amount.

Anyone know anything?

[speedcrazy1532]

yeah, heavy movement in volume but we still aren't anywhere near the avergae ccnmoney.com says. but either way, maybe this new pres will bring more pr releases instead of leaving us in the dark. The thought of another company being interested has my interest piqued. Even a move back to BB.

[stockviper]

I like the news of going back to the OTC BB...Better than the pink sheets.

[rfi]

Has anyone else tried to sell any shares of this lately? I have had a sell order in for the last 4 days at .0001 for a mil shares and have not sold them. I wanted to if it is possible to sell any of the millions of shares I have thanks to the stock split but so far nothing. Very odd. I use Td Waterhouse for my trades and have had no problem on any pk or otc stock.

[stockviper]

I have the same problem...I have had a sell order in for several weeks now at .0001 just to pull out some cash but no luck. I have Scottrade. I even tried reducing the amount from 1 million to 500,000.

I'm sure a lot of people are in the same boat.

[speedcrazy1532]

I wish they actually would release PR's when they say they're going to, i think it would make them way more credible.

[speedcrazy1532]

can anybody see if this volume is buying or selling?

[stockviper]

I wish they actually would release PR's when they say they're going to, i think it would make them way more credible.

I agree but then again they ussually come through eventually. I can understand the new CEO being a little behind though with so much going on with the different divisions and all.

Hurry up and wait is all I can say.

[stockviper]

Great West Gold, Inc. -- Corporate Update
Wednesday March 21, 2:13 pm ET
Company Issues an Update to Its Stockholders


NEW YORK, March 21, 2007 (PRIME NEWSWIRE) -- Great West Gold, Inc. (Other OTC:GWGO.PK - News) wishes to update its stockholders following is Press Release dated March 1, 2006.
OUTSTANDING STOCK DIVIDEND DISTRIBUTIONS:

The Company is resolving the issue of the outstanding stock dividend distributions with the Transfer Agent; this was expected to be resolved without any further delay. However, the Company does not agree with the distribution of the stock, as provided by the Transfer Agent, and is at this time, working with the Transfer Agent to resolve this issue. This is in respect of the dividend distributions in: Bouse Mining Holdings plc, Ambassador Gold Holdings plc, Golden Eagle Mining Holdings plc, Copperstone Mining Holdings plc and Sentinel Resource Holdings plc. The Company is hopeful that this will be resolved shortly.

APPOINTMENT OF NEW AUDITORS:

The Company has this matter in hand, certain accounting details have now been finalized and upon the satisfactory completion of the stock dividends, the new Auditor appointment will be announced. This is expected to be completed very shortly, provided that there are no further delays on finalizing the outstanding stock dividends.

OUTSTANDING FILINGS:

It is the priority of this Company to bring its filings up to date immediately. We foresee no problems in this, given that we expect to appoint the new Auditor shortly.

APPLICATION TO BE REINSTATED ON THE OTC BB MARKET:

This application will be made at such time as the Company's filings are up to date. We do not foresee any problems nor should this exercise take an inordinate amount of time. This application cannot be made until the Company has brought its filings up to date.

UPDATE OF CORPORATE WEB SITE:

The various changes required to bring to the corporate web site up to date and to make it more informative, have been approved, and we are hopeful that these will be reflected on the web site shortly.

FUTURE PLANS:

The Company remains committed to enhancing stockholder value. The strong commodity prices have attracted a lot of unsolicited interest in this Company, from various third parties. We are at this time, evaluating certain proposals and will hopefully be in a position shortly to report back to our stockholders. We do are hopeful that this process will not be delayed much longer.

About Great West Gold, Inc.

Great West Gold, Inc., http://www.greatwestgold.com, a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company has Gold assets through its holdings in ``Bouse'', ``Mockingbird'', ``Ambassador'', ``Yaba'', ``Golden Eagle'', ``Bonanza'', ``Storm Cloud'', ``Starlight'', ``Venezia'', ``Federal'', ``Buffalo Lime Cap'', ``Red Cloud'', ``South Copperstone'' and ``Gladstone Lookout'' Gold Mining Projects. The Company's Copper assets are ``Copper Mountain'', ``Swansea'', ``Tip Top'' and ``Mineral Mountain''. The Company holds five of these Mining Assets through its 51% holding in Bouse Mining Holdings plc, Copperston Mining Holdings plc, Ambassador Gold Holdings plc, and Golden Eagle Mining Holdings plc and in Sentinel Resource Holdings plc. The other Mining Exploration Projects are 100% controlled by the Company.

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.

[speedcrazy1532]

what the heck is different about this one vs. march 1st?

[Patrick01]

Nothing, they simply insist on delaying the announcment of the new auditor. Its getting annoying, but I will be heavily relieved if, in fact a new Auditor is announced soon.

[stockviper]

How about this info from Nevada...

http://www.minemarket.com/TreasureKing.htm

[speedcrazy1532]

ok, im gonna need some translation here. Is this good or bad?

[stockviper]

ok, im gonna need some translation here. Is this good or bad?

I think it's all good! Dividends still coming for those who had shares months ago, Financials soon to be reported. Moving back to the OTCBB. The new president/CEO seems dedicated to righting the ship.

The share price can't get any lower than .0001 and although there are a ton of outstanding shares, if the price gooes from .0001 to .0002 that's doubling your money. I can't see why someone would be hesistant to buy a few million shares and put them away for a year or so.

[speedcrazy1532]

Well at least their saying something! Maybe their reading this forum and read what i said!:eek:

[stockviper]

Great West Gold, Inc. -- Stock Dividend Distribution
Wednesday March 28, 12:20 pm ET
Company Completes Its Outstanding Distribution of Stock Dividends


NEW YORK, March 28, 2007 (PRIME NEWSWIRE) -- Great West Gold, Inc. (Other OTC:GWGO.PK - News) confirms that the outstanding stock dividend distributions have now been completed by the Transfer Agent, and to the satisfaction of Great West Gold, Inc.
This is in respect of the dividend distributions in: Bouse Mining Holdings plc, Ambassador Gold Holdings plc, Golden Eagle Mining Holdings plc, Copperstone Mining Holdings plc and Sentinel Resource Holdings plc.

The dividends have been distributed to eligible stockholders on the various Record Dates.

Stockholders wishing to verify their shareholdings in these companies or who require physical stock certificates, should contact the Transfer Agent directly, Computershare Trust Company, Inc.

The Company is now focusing on the appointment of the new Auditor, a matter which had been delayed until major outstanding issues such as the distribution of the Stock Dividends. This is expected to be finalized very shortly, given the resolution of the outstanding stock dividends.

About Great West Gold, Inc.

Great West Gold, Inc., http://www.greatwestgold.com, a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company has Gold assets through its holdings in ``Bouse,'' ``Mockingbird,'' ``Ambassador,'' ``Yaba,'' ``Golden Eagle,'' ``Bonanza,'' ``Storm Cloud,'' ``Starlight,'' ``Venezia,'' ``Federal,'' ``Buffalo Lime Cap,'' ``Red Cloud,'' ``South Copperstone'' and ``Gladstone Lookout'' Gold Mining Projects. The Company's Copper assets are ``Copper Mountain,'' ``Swansea,'' ``Tip Top'' and ``Mineral Mountain.'' The Company holds five of these Mining Assets through its 51% holding in Bouse Mining Holdings plc, Copperstone Mining Holdings plc, Ambassador Gold Holdings plc, and Golden Eagle Mining Holdings plc and in Sentinel Resource Holdings plc. The other Mining Exploration Projects are 100% controlled by the Company.

[speedcrazy1532]

Nice, now i don't have to hear about these freakin outstanding dividends. We need a more meaningful PR then this though. 40mil traded today versus a volume average of about 450mil has to change.

[Tooty]

I think it's all good! Dividends still coming for those who had shares months ago, Financials soon to be reported. Moving back to the OTCBB. The new president/CEO seems dedicated to righting the ship.

The share price can't get any lower than .0001 and although there are a ton of outstanding shares, if the price gooes from .0001 to .0002 that's doubling your money. I can't see why someone would be hesistant to buy a few million shares and put them away for a year or so.

Here's one-- FSMH. it has been trading like crazy. .0001 !!!
Can't get any lower than this. I think it will reach .0002 before Gwgo. What do you think stockviper? Sounds like your kind of play. lol

[stockviper]

I was actually in FSMH but grew impatient. GWGO just seems to have more potential.

Why? I have no idea, other than the story line of the last year and they seem to follow up on the dividends, I have gotten them twice now.

Buy some here at .0001 and put it away for a while, If you watch it you go crazy from boredom.

[stockviper]

Tripled the average volume so far today. No news, why all the activity?

[speedcrazy1532]

yeah, i passed out from boredom about 2 days ago. I'm screweing around with MGMX, but in passing i noticed 282mil traded today, what is going on?

[stockviper]

I don't know the reason for the volume. I never could find any news but the last time the volume exploded like that the company announced the split a few days later.

I guess we will all wait on the edge of our seats.

[speedcrazy1532]

yeah, i was thinking about those days before the split too. I remember this time last year when it ran to .003. If it does that now 8O, oh man. Wishful thinking....

[stockviper]

It happenned before. But now we have twice the shares.

Still if it only ran up to 1/2 as much as it did last year I'd be ectatic. I'd even be very happy with .0005.

[speedcrazy1532]

word. just sit and wait time now.

[Patrick01]

I sold 999,999 shares market order. It filled, and I only found $9.80 in my account? Wtf? $98 to 9$? How did this happen?

[stockviper]

That is strange! maybe the system missed a 0 or a 9?

[speedcrazy1532]

Wow, that is really weird. how would you even go about correcting this?

~Anyway, wtf is up with MGMX? it ran up 166% today and i can't find any news or anything?8O

[Patrick01]

That is strange! maybe the system missed a 0 or a 9?

Dont sell GWGO at market order, it sells for .00001. Looks like theres NO WAY to get out of this stock now. The price of .0001 is not the actual value.

[stockviper]

Massive volume today, again with no news??

[Patrick01]

Massive volume today, again with no news??

Its because people are buying at .00001. The volume was probably from one person.

[speedcrazy1532]

I dunno man, i doubt someone spent 30 g's on great west gold, lol. A bunch of somebodies know something. Which is completely fine, lol, as long as their right!:mrgreen:

[stockviper]

I dunno man, i doubt someone spent 30 g's on great west gold, lol. A bunch of somebodies know something. Which is completely fine, lol, as long as their right!:mrgreen:

That's a great line...somebodies know something. And you are correct, as long as they are correct, that's fine.

Anyone get any news from Angela?

[Patrick01]

.00001 x 300,000,000 = $3000

[speedcrazy1532]

lol, my fault pat, thought you were talking about buying. I see what your saying now. But if someone really did sell at .00001 then they got royally screwed.

[stockviper]

My understanding is that something like .00001 can come from a market order. Allways use limits!

[speedcrazy1532]

yeah, thats all i ever use. especially when we're talking pennies.

[Patrick01]

-_- I've been saying my last couple of posts. YOU CANT SELL AT .0001. TRY IT, GO AHEAD, NO ONE IS GOING TO FILL IT. The actual value of the stock is .00001

[stockviper]

Eureka!

Great West Gold, Inc. -- Acquisition
81 minutes ago - PrimeNewswire
Great West Gold, Inc. (Pink Sheets:GWGO) has acquired the Unitrust Capital S.A. Group, subject to the completion of certain legal formalities, the company being engaged in the issue of and the marketing of prepaid debit and credit cards. The Company is also engaged in various payment solution enterprises.

Great West Gold, Inc. will be changing its name to that of Fortress Financial Group, Inc. with immediate effect and will be obtaining a new CUSIP Number and Trading Symbol.

The mining exploration companies controlled by Great West Gold, Inc. will remain as Company assets until they are distributed to stockholders, in full. It is intended that these assets be placed in quoted companies under independent and experienced mining management teams.

The rationale for this transaction was to create value for stockholders and as announced on previous occasions that the Company was seeking to acquire a company in a different Industry Sector.

The Company will now be appointing a new Auditor, this is a condition of the acquisition of the Unitrust Capital S.A. Group. This will result in outstanding filings being brought up to date.

The Company is discussing changes to its share capital structure with the stockholders of Unitrust Capital S.A. and will be announcing its decision shortly.

About Great West Gold, Inc.

Great West Gold, Inc., www.greatwestgold.com, a gold miningexploration stage company, engaged in the acquisition and explorationof mining properties in the United States. The Company has Gold assets through its holdings in "Bouse," "Mockingbird," "Ambassador," "Yaba," "Golden Eagle," "Bonanza," "Storm Cloud," "Starlight," "Venezia," "Federal," "Buffalo Lime Cap," "Red Cloud," "South Copperstone" and "Gladstone Lookout" Gold Mining Projects. The Company's Copper assets are "Copper Mountain," "Swansea," "Tip Top" and "Mineral Mountain." The Company holds five of these Mining Assets through its 51% holding in Bouse Mining Holdings plc, Copperstone Mining Holdings plc, Ambassador Gold Holdings plc, and Golden Eagle Mining Holdings plc and in Sentinel Resource Holdings plc. The other Mining Exploration Projects are 100% controlled by the Company.

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.

This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: Great West Gold, Inc.

Great West Gold, Inc. + 44 845 127 4051 investor@greatwestgold.com Recent GWGO Headlines
April 30, 2007
1:29PMGreat West Gold, Inc. -- Acquisition
1:04PMGREAT WEST GOLD, INC. - ACQUISITION

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[speedcrazy1532]

****, you beat me. I thought maybe once i had the jump on ya. 8)

Anyway, wtf does this mean? Are they changing the name of great west gold or the company that they just aquired?

Another question: Someone told me that GWGO can change it's aname at any time and competely screw all of us out of our 5 dollars(<-- joke). Anyway, is that true? Why is it i don't understand that PR at all, and we had crappy volume today.

[lumanikus]

Well it sounds like stockholders will eventually get the mining companies in separate stocks. I'm hopping we also get shares of Fortress Financial Group.

As to the what, when and where we get whatever.........um don't know.

Wow thats sounds like an official whitehouse statement. :lol:

[stockviper]

Press Release Source: Great West Gold, Inc.

Great West Gold, Inc. -- Completion of Acquisition
Thursday May 3, 12:38 pm ET
Company Completes Acquisition and Restructures Its Stock


NEW YORK, May 3, 2007 (PRIME NEWSWIRE) -- Great West Gold, Inc. (Other OTC:GWGO.PK - News) announced on May 2, 2007 that it had acquired the Unitrust Capital S.A. Group, subject to the completion of certain legal formalities; this company being engaged in the issue of and the marketing of prepaid debit and credit cards. This Company is also engaged in various payment solution enterprises. This acquisition has now been completed.
Great West Gold, Inc. in the processing of changing its name to that of Fortress Financial Group, Inc. with immediate effect. and will be obtaining a new CUSIP Number and Trading Symbol. Stockholders will be advised accordingly.

The Company, will, with immediate effect, now be exclusively focusing on its recently acquired Payment Solutions business.

The Company had stated that it was reviewing its share capital structure. It has been decided that in order to restore credibility, for the Company, to substantially reduce the substantial ``float''; a ``roll back'' of the outstanding shares of Common Stock was imperative. The Company has therefore filed its Notice of this Reverse Split with the NASD, it will be effective for Stockholders of Record on May 10, 2007 and the Payment Date is May 14, 2007, the ratio of this Reverse Split is on the basis of 1 for 2,000. The Company intends that it will no longer trade as a ``sub penny stock'', this in our opinion, has proven to be of little use nor benefit, to our stockholders. This Reverse Split will be effective prior to the Company trading under its new name and Trading Symbol.

A completing new corporate web site is being completed; it will be available to stockholders next week. This web site will focus exclusively on the Company's new business whilst retaining details on the Mining portfolio. Please be advised that corporate E Mail and contact address will be changed on or before that date, being May 14, 2007. Stockholders will be kept advised. The new Management team will be announced on that new corporate web site. Mr. Peter J. Bezzano, the President of the Company, will remain as the Company's President. Mr. Peter J. Bezzano's experience as a practicing British Solicitor will bring his considerable legal, negotiating and commercial skills to the new Company.

Mr. Peter J. Bezzano, the President of the Company has stated that he considers this acquisition to be a very exciting and dynamic challenge for the Company; and needless to say, will be a very positive deal for the Company. After a year of research, it has been enormously gratifying to have secured a highly efficient, superbly managed prepaid debit and credit card programe, backed marketed and managed by a substantial world class organization.

Mr. Peter J. Bezzano stated that the exhaustive and very successful due diligence conducted upon the Company and its products; resulted in our being convinced that we have now secured a product that is flawless in its execution and in respect of the level of support provided by its Issuers. He is particularly gratified by its low cost overhead structure, the operations being based in a very low cost, yet first class, jurisdiction. The use of Internet marketing to acquire customers is of enormous benefit, given the cost savings in the use of Internet, when compared with the huge costs associated with that of traditional marketing campaigns.

The benefits to our Company are innumerable, the monthly recurring income stream, access to the global market, the ability to offer these unique offshore card products, the day to day interface with world class management. Perhaps most importantly, the positioning of the Company in one of the fastest growing market sectors in the world, with the possibility of synergistic links with other financial service providers, and globally. The ability to drive our growth through the Internet, offer enormous challenges, it is our intention to grow and expand upon what is in our opinion, a very successful entrenched marketing model.

I must stress that stockholders will not in any way, be prejudiced by this restructure of the Company, as indeed, the Company's Mining Portfolio continues to hold a very significant value for the Company and upon our realization of its true value, even further benefits will accrue to our loyal and supportive stockholders.

The mining exploration companies controlled by Great West Gold, Inc. will remain as Company assets until they are distributed to stockholders, in full. It is intended that these assets be placed in two separate quoted companies under independent and experienced mining management teams. The Mining Assets in question, are : Great West Gold, Inc.'s stockholding in : Bouse Mining Holdings plc, Ambassador Gold Holdings plc, Golden Eagle Mining Holdings plc, Sentinel Resource Holdings plc, Copperstone Mining Holdings plc; and the ``Bonanza'' Gold Project, the only wholly owned company of Great West Gold, Inc.

The Company can confirm that the ``Bouse'', ``South Copperstone'' and the ``Golden Eagle'' Mining Exploration Projects are being transferred into a separate Company. The Company has now appointed management to this Company.

Furthermore, the ``Mockingbird'', ``Ambassador'' and the ``Bonanza'' Mining Exploration Projects are being transferred into a second separate Company. Management for this Company has not as yet, been agreed upon.

``Bouse'', ``Mockingbird'', ``South Copperstone'', ``Ambassador'' and ``Golden Eagle'' are controlled by the new company but have significant outside stockholders though previous stock dividend distributions to Great West Gold, Inc. stockholders.

In the interim, these Mining assets will be retained as ``portfolio'' assets on the Company's books.

The stock and interests in the above-mentioned mentioned six Mining Exploration Projects will be distributed in full, to eligible Great West Gold, Inc. stockholders. No stock issued pursuant, and pertaining to the acquisition of the Unitrust Capital S.A acquisition, will be eligible for these Stock Dividend distributions of the Company's Mining portfolio.

Great West Gold, Inc. has relinquished its interests in the below-mentioned Mining Projects and cancelled the corresponding Convertible Loan Notes and debt associated therewith, thereby leaving the Company completely debt free, as follows :-

``Treasure Kingdom'', ``Monstro Verde'', ``Copper Mountain Mining'', ``Yaba'' ``Storm Cloud'', ``''Starlight``, ''Venezia``, ''Federal``, ''Buffalo Lime Cap``, ''Red Cloud``, ''Gladstone Lookout``, ''Copper Mountain``, ''Swansea``, ''Tip Top`` and ''Mineral Mountain``.

The Company will continue to distribute the outstanding dividends to eligible Great West Gold, Inc. stockholders, a process to be managed ``in house'' with immediate effect, and not by Computershare Trust Company, Inc. All enquiries in the respect are to be directed to angela@greatwestgold.com.

As previously stated, the Company is now appointing a new Auditor; this is a condition of the acquisition of the Unitrust Capital S.A. Group. This will result in outstanding filings being brought up to date; and hopefully see a speedy return to the OTC BB Market. This process is being overseen by the incoming management, who will appoint an auditor of their choice.

About Great West Gold, Inc.

Great West Gold, Inc., http://www.greatwestgold.com, was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company now retains these Gold Mining Exploration interests as portfolio assets. In and during May of 2007, the Company will effect a name and Trading Symbol change to that of Fortress Financial Group, Inc. and will then, be solely engaged in the issuing and marketing of prepaid debit and credit cards, on a global basis; as well offering various other payment solutions. The Company will from May 10, 2007, be operating from a new, more pertinent corporate web site, reflecting the Company's change in the nature of its business.

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:
Great West Gold, Inc.
investor@greatwestgold.com
+ 44 845 127 4051

[blakefar]

In English please... im not THAT buissness oriented! heh :wink:

[speedcrazy1532]

Basically your shares, divide them by 2000, thats how many shares of the new company you will have. At about .20? Am i wrong? However, since it's a reverse split, it will decline from .2 to god knows what. If you have faith in the company, hang on, if not, sell either now IF the price flucutates, or after the directly after the RS. Who's staying, who's going, blake, viper?

[Patrick01]

I guess Ill stay in, see what happens. The stock may have a short rise after the split, making a good time for a sell.

[blakefar]

Im staying! Who knows the day when it will go up to a dollar! think thats possible?

[speedcrazy1532]

Im staying! Who knows the day when it will go up to a dollar! think thats possible?

Well it's definetly more in reach after the RS, so we'll see. I'm sticking too. The fact that an auditor is in the conditions of the aquisition is a huge plus. However, protect your cash, if it starts dropping, sell then get back in at the cheaper pps.

[blakefar]

I still dont get it thou... If we divid our shares, which is more then 1 million shares... We ll only get something in the thousands shares. Which means when it goes up, we ll only be "a wee" bit wealthier. Does that make sense? Or am I just too new for this stock market game? heh
Do you think this is a good thing? What could be some positive possibilities?:confused:

[stockviper]

I still dont get it thou... If we divid our shares, which is more then 1 million shares... We ll only get something in the thousands shares. Which means when it goes up, we ll only be "a wee" bit wealthier. Does that make sense? Or am I just too new for this stock market game? heh
Do you think this is a good thing? What could be some positive possibilities?:confused:

After the split...and out of the sub pennies GWGO can gain credibilty. Just being away from .000X may make a big defference. They may also wish to apply to the OTCBB and get out of the pinks.

[speedcrazy1532]

The point isn't really to gain wealth, it's just a conversion. you should have the same value, but it will probably drop quickly. The short sellers may kill us, or it could gain recognition because of the price range. i trade extremely aggressively, so im sticking, just make sure you can only lose what you can afford too.

[Patrick01]

WGLTE spiked up 80% before plummeting back to .0002, im hoping gwgo will do the same.

[stockviper]

WGLTE spiked up 80% before plummeting back to .0002, im hoping gwgo will do the same.


I don't think it will do anything before the split. Then we will have to see what new benefits the acquisitioned company ads. Remember the symbol will be changing and there are many who will jump in the first day it's released without doing any homework. It could very well run up but at this point without details I'll say 3 to 1 it drops a little after the split.

On the other hand, if the company really believes in what they are doing, they should be buying because you just can't get much cheaper than .0001. Split adjsted and a slight run up could make for a quick & huge profit.

[Patrick01]

Yes, I was talking about WGLTE after the reverse split. I too, think GWGO will drop after the split: Its been unsellable for some time now, and im sure people are ready to get rid of it.

[computeraces]

What day is this going to take place?

[stockviper]

Here is the Press release again with all the dates but looks like May 14th for shareholders of record on May 10th.

Great West Gold, Inc. -- Completion of Acquisitionadvertisement

GREAT WEST GOLD INC (GWGO)

Stock Quote, Chart, News

All PrimeNewswire NewsNEW YORK, May 3, 2007 (PRIME NEWSWIRE) -- Great West Gold, Inc. (Pink Sheets:GWGO) announced on May 2, 2007 that it had acquired the Unitrust Capital S.A. Group, subject to the completion of certain legal formalities; this company being engaged in the issue of and the marketing of prepaid debit and credit cards. This Company is also engaged in various payment solution enterprises. This acquisition has now been completed.

Great West Gold, Inc. in the processing of changing its name to that of Fortress Financial Group, Inc. with immediate effect. and will be obtaining a new CUSIP Number and Trading Symbol. Stockholders will be advised accordingly.

Related newsGreat West Gold, Inc. -- Acquisition
The Company, will, with immediate effect, now be exclusively focusing on its recently acquired Payment Solutions business.

The Company had stated that it was reviewing its share capital structure. It has been decided that in order to restore credibility, for the Company, to substantially reduce the substantial "float"; a "roll back" of the outstanding shares of Common Stock was imperative. The Company has therefore filed its Notice of this Reverse Split with the NASD, it will be effective for Stockholders of Record on May 10, 2007 and the Payment Date is May 14, 2007, the ratio of this Reverse Split is on the basis of 1 for 2,000. The Company intends that it will no longer trade as a "sub penny stock", this in our opinion, has proven to be of little use nor benefit, to our stockholders. This Reverse Split will be effective prior to the Company trading under its new name and Trading Symbol.

A completing new corporate web site is being completed; it will be available to stockholders next week. This web site will focus exclusively on the Company's new business whilst retaining details on the Mining portfolio. Please be advised that corporate E Mail and contact address will be changed on or before that date, being May 14, 2007. Stockholders will be kept advised. The new Management team will be announced on that new corporate web site. Mr. Peter J. Bezzano, the President of the Company, will remain as the Company's President. Mr. Peter J. Bezzano's experience as a practicing British Solicitor will bring his considerable legal, negotiating and commercial skills to the new Company.

Mr. Peter J. Bezzano, the President of the Company has stated that he considers this acquisition to be a very exciting and dynamic challenge for the Company; and needless to say, will be a very positive deal for the Company. After a year of research, it has been enormously gratifying to have secured a highly efficient, superbly managed prepaid debit and credit card programe, backed marketed and managed by a substantial world class organization.

Mr. Peter J. Bezzano stated that the exhaustive and very successful due diligence conducted upon the Company and its products; resulted in our being convinced that we have now secured a product that is flawless in its execution and in respect of the level of support provided by its Issuers. He is particularly gratified by its low cost overhead structure, the operations being based in a very low cost, yet first class, jurisdiction. The use of Internet marketing to acquire customers is of enormous benefit, given the cost savings in the use of Internet, when compared with the huge costs associated with that of traditional marketing campaigns.

The benefits to our Company are innumerable, the monthly recurring income stream, access to the global market, the ability to offer these unique offshore card products, the day to day interface with world class management. Perhaps most importantly, the positioning of the Company in one of the fastest growing market sectors in the world, with the possibility of synergistic links with other financial service providers, and globally. The ability to drive our growth through the Internet, offer enormous challenges, it is our intention to grow and expand upon what is in our opinion, a very successful entrenched marketing model.

I must stress that stockholders will not in any way, be prejudiced by this restructure of the Company, as indeed, the Company's Mining Portfolio continues to hold a very significant value for the Company and upon our realization of its true value, even further benefits will accrue to our loyal and supportive stockholders.

The mining exploration companies controlled by Great West Gold, Inc. will remain as Company assets until they are distributed to stockholders, in full. It is intended that these assets be placed in two separate quoted companies under independent and experienced mining management teams. The Mining Assets in question, are : Great West Gold, Inc.'s stockholding in : Bouse Mining Holdings plc, Ambassador Gold Holdings plc, Golden Eagle Mining Holdings plc, Sentinel Resource Holdings plc, Copperstone Mining Holdings plc; and the "Bonanza" Gold Project, the only wholly owned company of Great West Gold, Inc.

The Company can confirm that the "Bouse", "South Copperstone" and the "Golden Eagle" Mining Exploration Projects are being transferred into a separate Company. The Company has now appointed management to this Company.

Furthermore, the "Mockingbird", "Ambassador" and the "Bonanza" Mining Exploration Projects are being transferred into a second separate Company. Management for this Company has not as yet, been agreed upon.

"Bouse", "Mockingbird", "South Copperstone", "Ambassador" and "Golden Eagle" are controlled by the new company but have significant outside stockholders though previous stock dividend distributions to Great West Gold, Inc. stockholders.

In the interim, these Mining assets will be retained as "portfolio" assets on the Company's books.

The stock and interests in the above-mentioned mentioned six Mining Exploration Projects will be distributed in full, to eligible Great West Gold, Inc. stockholders. No stock issued pursuant, and pertaining to the acquisition of the Unitrust Capital S.A acquisition, will be eligible for these Stock Dividend distributions of the Company's Mining portfolio.

Great West Gold, Inc. has relinquished its interests in the below-mentioned Mining Projects and cancelled the corresponding Convertible Loan Notes and debt associated therewith, thereby leaving the Company completely debt free, as follows :-

"Treasure Kingdom", "Monstro Verde", "Copper Mountain Mining", "Yaba" "Storm Cloud", ""Starlight", "Venezia", "Federal", "Buffalo Lime Cap", "Red Cloud", "Gladstone Lookout", "Copper Mountain", "Swansea", "Tip Top" and "Mineral Mountain".

The Company will continue to distribute the outstanding dividends to eligible Great West Gold, Inc. stockholders, a process to be managed "in house" with immediate effect, and not by Computershare Trust Company, Inc. All enquiries in the respect are to be directed to angela@greatwestgold.com.

As previously stated, the Company is now appointing a new Auditor; this is a condition of the acquisition of the Unitrust Capital S.A. Group. This will result in outstanding filings being brought up to date; and hopefully see a speedy return to the OTC BB Market. This process is being overseen by the incoming management, who will appoint an auditor of their choice.

About Great West Gold, Inc.

Great West Gold, Inc., www.greatwestgold.com, was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company now retains these Gold Mining Exploration interests as portfolio assets. In and during May of 2007, the Company will effect a