Fortress Financial Group fka FFGO

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FFGO NEWS 4/7/10: Fortress Financial Group, Inc. -- Clarification of Important Stockholder Issues
Company Clarifies Important Issues Raised by Stockholders

http://finance.yahoo.com/news/Fortress-Financial-Group-Inc-iw-1402947414.html?x=0&.v=1

Press Release Source: Fortress Financial Group, Inc. On Wednesday April 7, 2010, 7:00 am EDT

LAS VEGAS, NV--(Marketwire - 04/07/10) - Fortress Financial Group, Inc. (Pinksheets:FFGO - News) has received many inquiries concerning the potential for dividends resulting from the anticipated sale of its interests in the "Bouse" and the "South Copperstone" Gold Properties. The company policy has always been and remains that the distribution of all proceeds, less the settlement of the remaining outstanding Loan Notes of US$4 million from the sale of the Company's Gold Interests, will be made in full to its shareholders and that policy will remain in effect throughout the duration of the impending transactions. Further announcements will be forthcoming as the details of the transactions and the distribution Record and Pay Dates are announced in the near future.

The Company is aware of the fairly extraordinary trading volume with 1.3 billion of your Company's shares of Common Stock changing hands yesterday, Tuesday April 6, 2010. We trust that these clarifications will resolve any concerns that our stockholders may have at this time.

As announced in a previous release dated April 5, 2010, full details of these transactions will be announced and the appropriate filings made with the SEC in and during the month of April of 2010. It is simply not possible to announce the full details until such time as all the parties to the transactions have completed the necessary preparations to make all the details public. The other party to these transactions is a publicly quoted Company in the USA with substantial SEC Filing obligations and which is not in a position to complete and announce these transactions with ourselves until such time as their Annual Audit and their Form 10-K is filed; that is expected and indeed required to be on or before April 15, 2010; we are therefore being very cautious in our promised announcement dates insofar that the other party could experience a week or two delay in the filing of their Form 10-K in the event that their Annual Audit is not completed on their planned schedule.

The Company reaffirms that any sale or transactions in respect of the Company's Gold Interests will not take place at a net price (after settlement of the outstanding Loan Notes) of less than US$0.003 per share our of Common Stock; under any circumstances. Furthermore these transactions have received the irrevocable, necessary and requisite consent of all of the Company's Loan Note Holders, the beneficiary of Net Smelter Royalties and future working interests in both of these Gold Properties and from considerable minority stockholders in both of these two Gold Properties.

These transactions provide for the full resolution in respect of the full settlement of the two remaining and outstanding Stock Dividends declared by the Company in both "Bouse" and "South Copperstone" dated 2005.

Furthermore, the company has been made aware of certain rumors concerning the impending resignation of Mr. Peter J. Bezzano as its Chairman. The company hereby formally refutes any such rumors to this effect and would like to assure the shareholders that Mr. Bezzano has no plans to resign as the Chairman of the Company. Mr. Bezzano has however elected to take a very low-key role in the sale process of our Company's Gold Interests as this is now being placed in the hands of extremely capable and seasoned Mining Industry "Veteran Deal Makers." Mr. Bezzano commented that "I have tremendous faith in their ability to close this process shortly and given the complexity of these transactions, coupled with my lack of experience in the Mining Industry as I am, by profession, a British Solicitor specializing in Real Estate and Securitization transactions. I think it is fit and proper that I now hand over the closure of these transactions in respect of the sales of our Mining interests to these extremely capable and experienced individuals."

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," "projected" or "guidelines." 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 filings made by such company with the SEC.

Contact:
Contact:Fortress Financial Group, Inc.
Peter J. BezzanoChairman
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