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wu h

02/05/07 11:15 AM

#3790 RE: enlightened1 #3789

The company value the GWGO price as 0.0025 (assume GOLD price as $600/oz). If the Gold price goes up to $800/oz, then GWGO price will be as 0.0033.
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Company Reports On Valuation of Its Mining Assets
NEW YORK, Nov. 3, 2006 (PRIMEZONE) -- Great West Gold, Inc. (Pink Sheets:GWGO) has been inundated with stockholder requests regarding the value of the Company and its Mining Assets.

The Company is still awaiting detailed reports and valuations on its various properties and is reluctant at this time to place a definite valuation on its Mining Assets. Stockholders are assured that the value of the Gold Mining Exploration assets being merged in the "Treasure King Gold Group" and the "Sentinel Gold Group" as well as the Copper Mining Exploration assets being merged into the "Copper Mountain Mining Group" will not be less than a total market value of US$800 million after the planned de-merger of the these Mining Exploration assets into three OTC Quoted Companies through "Reverse Mergers". Whilst many stockholders are of the opinion that the value of these Mining Exploration assets in considerably higher than we are stating, the Company will continue to take this very conservative valuation approach in the absence of completed Competent Person's Reports and updated valuations. The Company acknowledges that the strong commodity prices at present will have a positive effect upon the final valuations.

This equates to a value of US$0.0025 per share of Great West Gold, Inc. Common Stock against a current market value of US$0.0001 per Common Stock.

About Great West Gold, Inc.

Great West Gold, Inc., www.greatwestgold.com, is a

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rbl100

02/05/07 11:28 AM

#3791 RE: enlightened1 #3789

Use these facts to come to the figure:

Current price of GOLD $649.83 per ounce

Outstanding shares of 319,964,985,356 as of 2006-10-10

Total market value of US $800 million after de-merger of mining assets.