Fortress Financial Group fka FFGO

[Vianna]

FFGO NEWS 7/27/10: FINAL STEPS TO COMPLETE UPON SALE OF GOLD INTERESTS


LAS VEGAS, NV, July 27, 2010 - Fortress Financial Group, Inc. (PINKSHEETS: FFGO) was advised by the Purchaser of its Gold interests that they are now working closely with their external Auditors to complete upon their own accounting treatment in respect of their acquisition of our interests in both Bouse Gold, Inc. and South Copperstone, Inc. The Purchaser is a publicly traded Corporation and as such, needs to file periodic reports with the SEC.

The transaction in respect of the sale of our Gold interests is of an extremely complex nature and most certainly has required a fair deal of attention from the both the Purchaser’s Attorneys and their external Auditors.

We fully appreciate and understand that the Purchaser has a large number of deals outside of their purchase of our Gold interests and that they need to agree upon the accounting treatment as they deem fit and necessary, with their external Auditors in respect of a large number of deals.

We understand from the Purchaser that this will be agreed upon with their external Auditors within days and that no further delays are expected as the Purchaser’s acquisition of our interests in Bouse Gold, Inc. and South Copperstone, Inc. do not constitute their acquiring a controlling interest in these two Corporations and therefore these two Corporations do not need to be audited prior to the Purchaser acquiring our shares of common stock in these two corporations.

It is clearly not impossible to achieve the execution of the sale of Gold interests in and during this week but we do not wish to undertake this timeline to our stockholders given that there are factors that are clearly beyond our control.

The Company’s largest stockholder and holder of our long and immediate term debt, Sloane Investments, Inc. has been kept appraised of developments and is fully committed to the sale process and shares our Management’s view that the Purchaser does absolutely require these additional few days prior to execution of the Sale and Purchase Agreements.

The Company will be providing guidelines to its stockholders as to the entire sale process and will be updating its corporate web site and then E Mailing its stockholders with these guidelines in addition to addressing other issues raised by its stockholders. We had undertaken to provide this information to our stockholders a few days ago but had realized that it would be prudent to establish very definite timelines and definitive guidelines prior addressing these final issues given the imminent execution and material nature of these transactions.

This Press Release has been issued solely because of an inordinate number of enquiries from our stockholders and other interested parties as to why they perceive that there is a delay in the execution of the sale of our Gold interests.

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:

Fortress Financial Group, Inc.
Peter J. Bezzano
Chairman
E Mail: [e-mail]
Twitter: twitter.com/FFGO
Telephone: [phone]
Corporate Web Site: www.fortfinancegroup.com

All Investor Related Enquiries:
Corporate Communications to Fortress - Global Investor Relations
E Mail: [e-mail]
Direct Line: [phone]