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EMTPETE

10/24/06 11:18 PM

#3020 RE: EMTPETE #3019

Then....

Great West Gold, Inc. - Material Correction to Announcement
Monday December 19, 2005 1:10 pm ET


Company Corrects a Material Error in Its Previous Announcement


NEW YORK, NY--(MARKET WIRE)--Dec 19, 2005 -- December 19, 2005, Great West Gold, Inc. (OTC BB:GWGO.OB - News) announced today that shareholders are seeing a share price of US$0.0007 compared to a Total Stock Dividend payout in the amount of US$0.018 for every 1,000 shares of Great West Gold, Inc. Common Stock and that excludes the value of the Company's 71.43% shareholding in Western Diversified Mining Resources, Inc.
The value of these Stock Dividend distributions to Great West Gold, Inc. shareholders is US$0.018 for every one Great West Gold, Inc. share of Common Stock and is not for every 1,000 shares of Great West Gold, Inc. shares of Common Stock as stated in the previous Announcement.

The Company apologises to its shareholders for this error.

SO WHERE ARE WE....only time will tell....
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shortchange

10/25/06 9:38 AM

#3023 RE: EMTPETE #3019

That is in reference to the stock distributions from earlier 06 and late 05 that have not yet been received.. those holdings were valued by the company @ 18.57 given the OS at that time. there have been a few splits since then and you would need to calculate how much of those spins GWGO holds through Western Diversified Mining (WDM).

This gets kind of hoaky here because they have two different #'s posted... in the website they own less than 50% of each and in a recent PR they own 51%.. I went by the website #'s. Their holdings via WDM in these spins as per the webite are 1,075,000,220 shares of each of the spins. That boils down to a holding value for EACH spin of $193,500,040 aaprox. or a total of close to 1 B for the group of spins. This is just a portion of the holdings owned by GWGO through WDM. This holding WDM is a portion of what is being Reverse Mergered as per 10/20 PR.