Fortress Financial Group, Inc. -- Potential Change of Control

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Thu Jul 31, 2008 11:32am EDT

  NEW YORK, NY, Jul 31 (MARKET WIRE) -- 
Fortress Financial Group, Inc. (PINKSHEETS: FFGO) has been inundated with
requests for information following certain statements in respect to a
Private Equity Group acquiring up to 51% of this Company's shares of
Common Stock.

    We can confirm that this is now extremely likely, as a number of
substantial restricted stockholders have confirmed to us this morning that
they have sold their shares to this Private Equity Group today. We
calculate that they will be in a position to obtain 51% of this Company by
Monday August 4, 2008, if not before. It appears that this Private Equity
Group has built up a substantial position of the Company's "free trading"
stock over a period of some time.

    The CEO and controlling stockholder of the Private Equity Group has
confirmed that Alan Santini will remain as CEO of Fortress Financial
Group, Inc. and that the Extraordinary Stock Dividend will proceed as
announced. This is a pure "value play" for this Private Equity Group.

    There is now little doubt that the same Private Equity Group intends to
mount a takeover bid for Hunt Gold Corporation.

    Alan Santini, the CEO of Fortress Financial Group, Inc., commented that
they have his full support and that he was extremely comfortable with
having a supportive controlling stockholder with deep pockets. Alan
Santini added that the CEO and controlling stockholder of the Private
Equity Group was well known to him for a long period of time and enjoyed
his full trust and respect.

    Stockholders can expect to see a number of Form 13(d) filings from this
Private Equity Group being filed with SEC within the allotted ten day
period as they build up their stake in the Company.

    About Fortress Financial Group, Inc.

    Fortress Financial Group, Inc. was primarily engaged in the issuing and
marketing of prepaid debit card and related payment solution activities.
Through the closure of the Trinity Mercantile Finance Group and the
Mortgage Bank acquisitions, Fortress Financial Group, Inc. is now
expediting its plans to become a broadly based Consumer Finance Group. The
"Mortgage and Consumer Lending Divisions" will comprise the vast majority
of the Group's earnings in the immediate to medium term.

    The Company is utilizing is substantial Balance Sheet of circa US$100
million comprised of quoted and unquoted Gold Mining & Exploration stocks
(This is after the payment of the Extraordinary Dividend of US$400 million
to stockholders), to aggressively fund a large number of acquisitions in
the consumer financial services sector, initially focused in the Mortgage
Lending and Banking sectors.

    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:
Fortress Financial Group, Inc.
Alan Santini
Chief Executive Officer

Email Contact

Tel: (954) 840-6961

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