Fortress Financial Group, Inc. – Update on Outstanding Shares

Company Updates Its Stockholders on the Company’s Outstanding Shares of Common Stock

NEW YORK, NY–(EMWNews – August 14, 2008) – Fortress Financial Group, Inc. (PINKSHEETS: FFGO) requested on August 11, 2008, that any stockholder who holds in

excess of 50 million shares of this Company’s Common Stock, fax proof of

this stockholding to the Company.

Alan Santini, the CEO of Fortress Financial Group, Inc., undertook to

publish these holdings and does so now. It must, however, be stressed that

the Company cannot stand by these faxed statements from stockholders as

absolute proof of their stockholdings.

This unprecedented step is being taken in an attempt to ascertain the

extent of the short position in this Company’s stock and we believe that

this information is in the stockholders’ best interests.

The calculations are as follows:

Outstanding Shares of Common Stock at August 14, 2008: 31,167,377,817*

* This is calculated after all of the Company’s stock repurchases of both

restricted and of “free trading” shares to date and included the stock

repurchases on August 11, 2008.

This is broken down as follows:

Restricted shares of Common Stock: 6,958,118,608

“Free Trading” Shares of Common Stock: 24,209,259,209**

** Includes the 2,400,000,000 shares owned by the Company’s CEO, Alan

Santini, as filed on a Form 3.

Stockholders who faxed proof of their stockholdings on their brokerage

statements have disclosed a holding in the amount of 3,313,520,026 shares

of the Company’s “free trading” Common Stock.

The Company has ascertained and proven that an amount of 25,040,779,934

shares of its “free trading” shares of Common Stock are accounted for. This

will be explained in depth in a below-mentioned paragraph.

Based upon these calculations, the number of unaccounted for shares of the

Company’s “Free Trading” Common Stock is in the amount of 831,520,725

shares of the Company shares of Common Stock being short. If the

stockholdings provided to the Company in the amount of 3,313,520,026 are

added to this number, this leaves a short position in the amount of

4,145,040,751 shares of the Company’s Common Stock. These calculations

obviously exclude any shares not mentioned on this Announcement.

The Company is in possession of draft Form 13(g) Announcements from the

below-mentioned stockholders. These stockholders intend to file full

disclosure of their holdings with the SEC this week. The total amount of

these “free trading” shares of this Company’s Common Stock, held by these

below-mentioned parties as at close of trade on August 13, 2008, are in the

amount of 22,640,779,934.

The investors who have disclosed their stockholders to the Company and whom

intend Filing Form 13(g) with the SEC are as follows:

Trident Asset Management Corp. - 2,857,500,000 (Increase in holding by

317,500,000 shares)

Vulture Equity Management, Inc. - 2,900,000,000

Ice Venture Capital Group, Inc. - 2,600,000,000

Shatner Investments Limited - 2,840,428,992 (Increase in holding by

254,040,000 shares)

Greenstoke Investments Limited - 2,760,000,000

Gulf of Ancud Limited - 2,747,500,000

GlobalStar Equities Corporation - 2,883,074,503

NE Group Limited - 3,052,276,439

Please note that any person filing a Form 13(g) has to disclose any

additional purchases and sales of this Company’s stock on an ongoing basis;

in terms of the SEC rules and regulations. They have to disclose the date

and price of any of the Company’s shares, in which they have dealt. These

filings will enable stockholders to monitor the status of the Company’s

“free float” very carefully and accurately.

The Company wishes to state very clearly that until these Form 13(g)

filings have been made with the SEC, the Company cannot and will not

guarantee that these stockholdings provided to the Company are 100%

accurate.

An additional amount of 2,400,000,000 shares of the Company’s shares of

“free trading” Common Stock are held by Alan Santini, the CEO of the

Company. A Form 3 has been filed with the SEC to this effect.

Alan Santini, the CEO of Fortress Financial Group, Inc., commented, “There

is a definite short position in the market and he wished to extend his

gratitude to those stockholders who took the time and effort to provide the

Company with this information.” Alan Santini added, “He was not prepared to

speculate as to the actual size of this short position as it will be

impossible to prove.”

About Fortress Financial Group, Inc.

Fortress Financial Group, Inc. was primarily engaged in the issuing and

marketing of prepaid debit card and related payment solution activities.

Through the closure of the Trinity Mercantile Finance Group and the

Mortgage Bank acquisitions; Fortress Financial Group, Inc. is now

expediting its plans to become a broadly based Consumer Finance Group. The

“Mortgage and Consumer Lending Divisions” will comprise the vast majority

of the Group’s earnings in the immediate to medium term.

The Company is utilizing is substantial Balance Sheet of circa US$100

million comprised of quoted and unquoted Gold Mining & Exploration stocks

(This is after the payment of the Extraordinary Dividend of US$400 million

to stockholders) to aggressively fund a large number of acquisitions in the

consumer financial services sector; initially focused in the Mortgage

Lending and Banking sectors.

This release contains “forward-looking statements” within the meaning of

Section 27A of the Securities Act of 1933, as amended, and Section 21E the

Securities Exchange Act of 1934, as amended and such

forward-looking statements are made pursuant to the safe harbor provisions

of the Private Securities Litigation Reform Act of 1995. “Forward-looking

statements” describe future expectations, plans, results, or strategies and

are generally preceded by words such a “may,” “future,” “plan” or

“planned,” “will” or “should,” “expected,” “anticipates,” “draft,”

“eventually” or “projected.” You are cautioned that such statements are

subject to a multitude of risks and uncertainties that could cause future

circumstances, events, or results to differ materially from those projected

in the

forward-looking statements, including the risks that actual results may

differ materially from those projected in the forward-looking statements as

a result of various factors, and other risks identified in a companies’

annual report on Form 10-K or 10-KSB and other filings made by such company

with the SEC.