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Hitt og þetta 28. september 2006

GREAT WEST GOLD, INC. - OUTSTANDING STOCK DIVIDENDS

GREAT WEST GOLD, INC. - OUTSTANDING STOCK DIVIDENDS Company updates its Stockholders on outstanding Stock Dividends

NEW YORK, NY, September 28, 2006, Great West Gold, Inc. (PINKSHEETS: GWGO) confirms that the below-mentioned and outstanding Stock Dividends are being processed at this time. The Transfer Agent appointed to process these Stock Dividends and to manage the Stockholder Register is Computershare Trust Company, Inc. The Stock Certificates in respect of these Stock Dividends in the below-mentioned Companies are to be held "on book" by this Transfer Agent. Should you a stockholder require a physical Stock Certificate, they are to request the same from the Transfer Agent.

This applies to the below-mentioned Great West Gold, Inc. Group Companies :-

1. Copperstone Mining Holdings plc, this Stock Dividend being, 900,000,000 Ordinary Shares of 1p (Par Value) each, in Copperstone Mining Holdings plc, and is being paid to Great West Gold, Inc. stockholders of record as at December 2, 2005. Copperstone Mining Holdings plc owns Coppestone Mining Limited, the owner of the "South Copperstone" Gold Mining Project".

2. Ambassador Gold Holdings plc, this Stock Dividend being, 900,000,000 Ordinary Shares of 1p (Par Value) each, in Ambassador Gold Holdings plc, and is being paid to Great West Gold, Inc. stockholders of record as at January 2, 2006. Ambassador Gold Holdings plc owns Ambassador Gold Limited, the owner of the "Ambassador" Gold Mining Project". 3. Golden Eagle Mining Holdings plc, this Stock Dividend being, 900,000,000 Ordinary Shares of 1p (Par Value) each, in Golden Eagle Mining Holdings plc, and is being paid to Great West Gold, Inc. stockholders of record as at January 4, 2006. Golden Eagle Mining Holdings plc owns Golden Eagle Mining Limited, the owner of the "Golden Eagle" Gold Mining Project". 4. Bouse Mining Holdings plc, this Stock Dividend being, 900,000,000 Ordinary Shares of 1p (Par Value) each, in Bouse Mining Holdings plc, and is being paid to Great West Gold, Inc. stockholders of record as at November 7, 2005. Bouse Mining Holdings plc owns Western Gold Limited, the owner of the "Bouse" Gold Mining Project". 5. Sentinel Resource Holdings plc, this Stock Dividend being, 900,000,000 Ordinary Shares of 1p (Par Value) each, in Sentinel Resource Holdings plc, and is being paid to Great West Gold, Inc. stockholders of record as at November 14, 2005. Sentinel Resource Holdings plc owns Golden Sierra Limited, the owner of the "Mockingbird" Gold Mining Project".

Stockholders are referred to the Restructuring Announcement dated September 27, 2006.

The Stock held in these five above-mentioned Companies, representing 59.08% of the Issued Share Capital, of each of the above-mentioned five Companies, by :

Western Diversified Mining Resources plc (a wholly owned subsidiary Company of Great West Gold, Inc.) - 1,075,000,220 Ordinary Shares of 1p each held in each of the above-mentioned five Companies, representing 48.86% of the Issued Share Capital; and

Searchlight Exploration, LLC - 219,999,780 Ordinary Shares of 1p each held in each of the above-mentioned five Companies, representing 9.99% of the Issued Share Capital; and

St James Capital Holdings, Inc. - 5,000,000 Ordinary Shares of 1p each held in each of the above-mentioned five Companies, representing 0.23% of the Issued Share Capital :-

Will be exchanged by these three Stockholders for stock in an OTC Pink Sheets quoted Company, to be announced, to create a new quoted Gold Mining Company through a "Reverse Merger" and comprising of these five Companies, those being :-

Copperstone Mining Holdings plc Ambassador Gold Holdings plc Bouse Mining Holdings plc Sentinel Mining Resources plc Golden Eagle Mining Holdings plc

The balance of the outstanding Stock in the above-mentioned five Companies, representing 900,000,000 Ordinary Shares of 1p each, is held by the eligible Great West Gold, Inc. stockholders and received through the above-mentioned Stock Dividends.

These stockholders will be offered the opportunity to exchange their shares in these five Companies for stock in the OTC Pink Sheets quoted Company, on the same basis as the other large stockholders.

This series of transactions will result in the creation of a single focused OTC Pink Sheets quoted, Gold Mining and Exploration Company. This allows those eligible Great West Gold, Inc. stockholders, the opportunity to exchange their Stock in these five unquoted Gold Mining and Exploration Companies, for stock in a single quoted Gold Mining and Exploration Company.

Great West Gold, Inc. would continue to hold the largest stockholding in the new OTC Pink Sheets quoted Gold Company after this Reverse Merger. Great West Gold, Inc. would distribute this stockholding to its stockholders at a later stage, as it intends to exit the Mining Sector and acquire a Company in another Industry Sector, within the next three months.

Stockholders will be kept updated as to the detailed explanations in respect of the Corporate Actions announced on September 28, 2006.

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", "Storm King", "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 48% 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 are 100% controlled by the Company but 42% of each of these Companies are being distributed to Great West Gold, Inc. stockholders shortly.

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

Tel : + 44 845 127 4051

25 ára afmælistilboð VB – 50% afsláttur af áskrift

Afmælistilboð VB

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