NEW YORK, Nov. 3, 2006 (PRIMEZONE) -- Great West Gold, Inc. (Pink Sheets:GWGO) has been inundated with stockholder requests regarding the status of the Company's outstanding filings and the appointment of a new Auditor.
The Company can confirm that it has prepared all of the audit work and supporting documentation for the outstanding period and has submitted this documentation to external Accountant for verification. Once reviewed and verified by the external Accountant, this will be submitted to external Auditors. The Company is very confident that these Auditors will then accept the appointment as Great West Gold's auditor and the Company will then be in position to file a Form 8-K announcing that appointment. The Company is very confident that this will be achieved within the next two weeks.
The Company needs to file its Form 10-KSB for December 31, 2005 and Form 10-QSB for the periods ending March 31, 2006, June 30, 2006 and for September 30, 2006. The Company intends to ensure that these filings are made in and during this month. Management cannot stress enough that this issue is of paramount importance to the Company in order to regain its credibility with investors. Once these filings have been made, the Company will be applying for reinstatement to the OTC BB Market. The Company will not, under any circumstances, be seeking, or permitting, a dual listing of the Company's stock in Germany.
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.