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NEW YORK, NY--(MARKET WIRE)--Mar 2, 2005 -- Great West Gold, Inc. (OTC BB:GWGO.OB - News) announces that the Company has authorized a 25% (twenty five percent) dividend of the Company's common stock for its shareholders of record as of Thursday, March 17, 2005. The Stock Dividend Pay Date to shareholders will be shortly after that date. With this, the Company wishes to thank all its shareholders for supporting the Company's efforts in the development of the Company's mining properties in North America.
Michael G Saner, the CEO of Great West Gold, Inc. said that was he delighted that shareholders were being rewarded in this manner and hoped that this would contribute to increased support for the Company and its Mining Exploration efforts and hoped that this would offset some of the losses suffered by the Company's shareholders caused by the very substantial fall in the Company's share price in recent months.
About Great West Gold, Inc.
Great West Gold, Inc. (www.greatwestgold.com) is a gold exploration company that has acquired certain rights to mine for minerals, primarily gold, in Arizona.
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Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission.
These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.
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