Great West Gold, Inc. Reports on Regulation SHO Threshold Security List

Market Wire, March, 2005

Great West Gold, Inc. (OTC BB: GWGO) announces that its shares of Common Stock are shown on the 'Regulation SHO Threshold Security List' clearly demonstrating the attention regulatory agencies are focusing on the 'Naked Trading' of securities. The 'threshold security list' is a list of any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days (1) There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security; (2) The level of fails is equal to at least one-half of one percent of the issuer's total shares outstanding; and (3) The security is included on a list published by a self-regulatory organization (SRO). The list of all corporations on the watch list can be found at http://www.nasdaqtrader.com/aspx/regsho.aspx. Mr. Michael G. Saner, CEO of Great West Gold, Inc., stated the Company is pleased that Regulation SHO is now effective. The added emphasis and focus of regulatory agencies upon this questionable activity should help extinguish Naked Shorting and protect investor values and restore confidence in the value of the company's shares.

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.

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.

Contact: Great West Gold, Inc. E Mail: investor@greatwestgold.com