Fortress Financial Group, Inc. -- Update on Acquisitions

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Mon Mar 31, 2008 11:59am EDT

  NEW YORK, NY, Mar 31 (MARKET WIRE) -- 
 Fortress Financial Group, Inc. (PINKSHEETS: FFGO) announced on March 17,
2008 that the Company was aggressively pursuing its stated strategy of becoming
a
broadly based consumer finance products group; and was at that time, in
negotiations with a significant number of parties which we expected to lead to
the
closure of several substantial acquisitions shortly.

    We are now in a position to confirm that the Company is now in very advanced
negotiations to acquire a significant operator in the Mortgage Lending business.
It is envisaged, that this acquisition will be immediately coupled with the
acquisition of Mortgage Bank and "Licensed Lending Company," thereby increasing
our
margins very considerably. These three acquisitions are "interlinked": insofar
as they together, have a long-standing partnership.

    Stockholders will be kept updated on these acquisitions; it is hoped that
the
Company will agree final terms with the Vendors of these targeted companies
within
days.

    The Company remains committed to expanding its interests in the Mortgage
Lending
Sector, focusing on companies operating in the "financially challenged" consumer
sector who's FICO scores have dropped to a level where they are unable to
obtain mortgages. These acquisitions will be coupled with a planned large scale
acquisition of Independent Mortgage Brokers in specifically targeted areas
where synergies exist to merge these operations, reduce their overhead costs
and place them in a position to negotiate more favorable commission terms.
In short, the Company is utilizing its strong balance sheet to acquire
companies at the "bottom of the economic cycle."

    The company confirms that it remains in very advanced discussions with a
view to acquiring a small State Chartered Bank; to be acquired for the
purposes of housing the Company's "USA Domestic Debit Card Division." The
rationale for this acquisition is to grow the profits of our domestic
debitcard program at a substantial rate as the Company would receive all of the
profits from these activities, as compared to existing partnership agreements.
This
acquisition of a Licensed Bank will allow the Company to offer credit cards
to the "financially challenged" as well being in a position offer to a
larger range of "private labeled" cards to various substantial organizations
within the United States. This would lead to a very aggressive roll out and
promotion of branded "Fortress" domestic credit and debit cards.

    The Company will be launching its Corporate web site upon the completion
ofthese acquisitions, thereby allowing investors to accurately evaluate the
Company.

    The Company has appointed an Auditor, as filed on a Form 8-K, some time ago,
and remains committed to bringing its delinquent filings up date and resume
trading on the OTC BB thereafter.

    The Company has now agreed terms to exchange its stockholdings in both the
"Bouse" and "South Copperstone" Gold Projects for stock in a USA quoted Gold
Mining & Exploration Company. The Company intends to retain these shares as a
portfolio investment and as collateral for substantial loans to fund
acquisitions.

    About Fortress Financial Group, Inc.

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

    The Company operates through Fortress Card Solutions, Inc. and Moneyworx,
Inc. The
Company will shortly be establishing an office in Nassau, Bahamas; primarily to
service our High Net Worth "offshore" cardholder base.

    The Company is utilizing is substantial Balance Sheet of circa US$1.4
billion 
comprised of quoted and unquoted Gold Mining & Exploration stocks; to
aggressively fund a large number of acquisitions in the consumer financial
services sector; initially focused on the Mortgage Lending sector.

    Fortress Financial Group, Inc. (formerly Great West Gold, Inc.), was a
goldmining exploration stage company, engaged in the acquisition and exploration
of mining properties in the United States. The Company retained these Gold
Mining
Exploration interests as portfolio assets. The Company holds circa 48% of the
outstanding stock in Hunt Gold Corporation as an investment.

    The Company is now exchanging it interest in the "South Copperstone," and
"Bouse" Gold Mining Exploration properties for shares of Common Stock in a
USA Gold Mining & Exploration 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
asa 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:

Fortress Financial Group, Inc.
Alan Santini
Chief Executive Officer

Email Contact

Tel: (954) 840-6961

Copyright 2008, Market Wire, All rights reserved.

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