Naked Shorts

Great West Gold, Inc. - Naked Short Selling
[Really, this seems like a promotion of buyins.net couched
within a supposed news release about Great West Gold.]

Company Confirms Subscription to New Service to Combat Illegal Naked Short
Selling of Its Stock
NEW YORK, Nov. 8 /PRNewswire-FirstCall/ -- Great West Gold, Inc.
(OTC Bulletin Board: GWGO) has been unable to remove its illegal and unwanted
dual listing on the Berlin Bremen Bourse which it believes permits the
widespread and illegal practice of the naked short selling of OTC BB and Pink
Sheet Market Stocks. The Company is convinced that is a victim of this
practice.
The Company has now subscribed to a service that will "expose" all naked
short positions in its stock on a monthly basis. The Company will publish this
list on its web site and issue a Press Release disclosing full details
contained in that monthly report. Great West Gold, Inc. is now determined to
attack those who are involved in the illegal naked short selling of its stock.
BACKGROUND:-
The NASD took over the OTC BB in October and has submitted a proposal to
the SEC to require all 5600 brokerage firms in the US to report all short
selling activity in OTC BB and OTC Pink Sheet Market quoted securities to the
NASD each month. BUYINS.NET (http://www.buyins.net) has developed a technology to
help OTC BB quoted companies like Great West Gold, Inc., combat short selling
in its stock.
SHORT INTEREST REPORTING IN OTC BB AND PINK SHEET STOCKS:-
Short Interest Reporting in OTCBB and Pink Sheet Securities is now coming
Soon.
On Thursday, November 4, 2005, the SEC published for comment a proposed
rule change to amend NASD Rule 3360 to expand the short interest reporting
requirements to over-the-counter ("OTC") equity securities, including
securities quoted on the Pink Sheets. The full text of the proposed rule
change is available in the Federal Register or online at:
http://www.smartpdf.com/register/2005/Nov/03/66875A.pdf. A copy of this report
is available on the Great West Gold, Inc. Corporate web site,
http://www.greatwestgold.com.
In January 2005, Pink Sheets petitioned the SEC to cause the amendment of
NASD Rule 3360 (http://sec.gov/rules/petitions/petn4-500.pdf). A copy of this
report is available for download on the Great West Gold, Inc. Corporate web
site, http://www.greatwestgold.com. Under the current rule, NASD members are only
required to maintain such records and make reports regarding securities
included in listed on Nasdaq or on a national securities exchange. This
excludes OTC equity securities, thereby denying investors and the markets for
these instruments the protections of transparency and regulatory oversight
provided by Rule 3360.
NASD will announce the effective date of the proposed rule change in a
Notice to Members to be published no later than 60 days following Commission
approval. In recognition of the technological and systems changes the proposed
rule change may require, the effective date will be 90 days following
publication of the Notice to Members announcing Commission approval.
Great West Gold, Inc. is contracting with BUYINS.NET, http://www.buyins.net, a
research service designed to combat short selling and naked short selling in
USA quoted stocks. Buyins.net provides unique research to reduce short
selling in Great West Gold, Inc.'s stock and to cause some or all of the
shares that are currently short of the Company's stock, to cover. BUYINS.NET
track all short sale time/sale activity in Great West Gold, Inc. stock.
BUYINS.NET proprietary "SqueezeTrigger" Report service [sounds like an ad for buyins.net!] alerts investors and
prospective investors to the exact price that a short squeeze will start in
Great West Gold, Inc. This not only serves as a method to combat existing
short sellers but also as a deterrent to future short selling in the Company's
shares. This data was never before available prior to January 1, 2005 because
the Self Regulatory Organizations (primary exchanges) guarded it aggressively.
After the SEC passed Regulation SHO, exchanges were forced to allow
researchers like Buyins.net to access the data.
The Buyins.net "SqueezeTrigger" Report has all the detailed information
about 100% of the short activity in Great West Gold, Inc. shares from every US
stock exchange dating back to January 1, 2005. Buyins.net has built a massive
database that collects, analyzes and publishes a proprietary "SqueezeTrigger"
for each stock that has been shorted. The "SqueezeTrigger" database of nearly
450 million short sale transactions calculates the exact price at which the
Total Short Interest is short in each stock.
The "SqueezeTrigger" database collects individual short trade data on over
7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly
8,000 OTC BB and OTC Pink Sheet Market quoted stocks. Each month the database
grows by approximately 50,000,000 short sale transactions and provides
investors with the knowledge necessary to time when to buy and sell stocks
with outstanding short positions. By tracking the size and price of each
month's short transactions, Buyins.net provides institutions, traders,
analysts, journalists and individual investors the exact price point where
short sellers start losing money and a short squeeze can begin. Over
20,000 Wall Street professionals and nearly 100,000 individual investors and
traders view this information. Buyins.net also distribute their reports
globally through thousands or publishing partners.
Great West Gold, Inc. will have access to the time and sales of EVERY
short sale transaction in its stock from every exchange in the U.S.
Buyins.net has a proprietary algorithm that calculates the exact price that
all the shorts will have to start covering. Once your shareholders,
prospective shareholders and Wall Street know this number, a virtual
battlefield of BULLS vs. BEARS will be staged and BULLS will know for the
first time in history, the exact time to strike against the BEARS. This will
create a virtual "SHORT SHIELD" against abusive naked short selling as short
sellers are extremely sensitive to the fact that we know the exact time and
price to attack their position and drive them into a losing position.
Each month Buyins.net will issue a "SqueezeTrigger" Report alerting Wall
Street as to the short selling activity in Great West Gold, Inc. shares and
the exact price at which the short squeeze is expected to begin.
About Great West Gold, Inc.:-
Great West Gold, Inc. (http://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.
This release was issued through Major Newswire
(http://www.majornewswire.com)

SOURCE Great West Gold, Inc.
Web Site: http://www.greatwestgold.com