The Golden Lounge

[Dunphy777]

They can't make it selling beer so they are going into the mining business in California. Enjoy a good laugh over this one.

Golden West Brewing Company, Inc. Announces Mining Opportunity
BOULDER, Colo.--(BUSINESS WIRE)--Golden West Brewing Company, Inc. (“Golden West”) (OTCBB:GWBC) announced today that the Board of Directors has been exploring different options to maximize shareholder value.

Our primary subsidiary, Golden West Brewing Company, continues to underperform and has not met our expectations. We remain committed to our existing operations and will continue to look for every available avenue to improve these operations.

The Board has decided to also pursue opportunities outside of the brewing and beverage industries. As reported on a Current Report on Form 8-K dated December 18, 2009, we have begun a preliminary investigation into a possible mining opportunity in San Bernardino County, California.

Golden West has formed a new subsidiary, Athena Minerals, Inc., that will be our new precious metals and natural resources subsidiary. Our CEO recently placed a property with silver and barite potential into escrow. It is the intent to assign the rights under the purchase and escrow agreement into our new subsidiary. More information on this project will be released when the assignment is completed.