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Widespread's Fischer-Watt starts investor relations programme

New Zealand Exchange Limited 
P.O. Box 2959 

14 April 2009 

Dear Sir, 

Widespread’s Fischer-Watt Gold announces investor relations programme

Fischer-Watt Gold (FWGO) is one of Widespread’s strategic embryonic investments, and represents 3.2% of total assets at its present market value of US 2.8 cents a share. We hold 5.2% of FWGO.    

FWGO made the announcement below in the United States last week. It’s an encouraging initiative that has already seen some price appreciation in the stock value.  

For and on behalf of the Board,

Chris D Castle

Onekaka, 14 April 2009

DENVER, April 7, 2009 (GLOBE NEWSWIRE) -- Fischer-Watt Gold Company, Inc. (OTCBB:FWGO) has selected RedChip Securities Inc. to enhance its investor relations program and increase market-makers' awareness of its stock.

Baxter Capital Advisors Inc., in conjunction with RedChip Securities, will conduct this market-maker and investor outreach program. "We chose Baxter Capital and RedChip based on their history of success and experience within the small-cap investor community," said Peter Bojtos, President of Fischer-Watt. "Their track-record of success in increasing visibility for small-cap companies will be instrumental in building investor exposure and awareness in order to gain value for Fischer-Watt's shareholders."

Over the coming months, Baxter Capital/RedChip will work with the brokerage community to create understanding and interest in Fischer-Watt with the expectation of increased trading volumes and additional market-makers ready to trade FWGO on the OTC Bulletin Board.

The Chicago Resource Expo.

On April 24 & 25, 2009, Fischer-Watt will be presenting and exhibiting at the Chicago Resource Expo in Rolling Meadows, IL. This conference is held twice a year and offers opportunities for individual retail investors to learn about companies in the natural resources sector. Admission is free to the investing public. For more information about the conference please visit www.chicagoresourceexpo.com or call 317-502-5838.

About Fischer-Watt Gold Company, Inc.

Fischer-Watt is a U.S. junior mining and exploration company traded on the OTC BB under the symbol of FWGO. The Company's management team has a strong background in all facets of the mineral industry, especially in exploration, production and financing.