Exhibit 99.1
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     FISCHER-WATT GOLD COMPANY (FWGO) ANNOUNCES EXECUTIVE MANAGEMENT CHANGES

Coeur d'Alene  Idaho--August 10, 2005--Fischer-Watt  Gold Company, Inc. ( OTCBB:
FWGO)  announces that Mr. George Beattie has retired as the Company's  President
and Chief Executive Officer.  His resignation was accepted at a Board meeting on
August 4, 2005  where he was  warmly  thanked  for his years of  service  to the
company. George will continue as a Director of Fischer-Watt Gold.

The Board  subsequently  appointed Mr. Peter Bojtos,  P. Eng. as President,  and
Chief  Executive  Officer.  Peter,  age 56 who is a geologist  and  Professional
Engineer, has been a director, Vice-Chairman and a Vice-President of the Company
since 1996 and he will continue at his salary of $50,000 per annum.  The Company
owes him $289,000 in accrued salary and expenses and $20,000 in a demand note at
5% interest rate.

In  addition,   Mr.  James  Seed   relinquished  his  position  as  Chairman  of
Fischer-Watt  and the  Board  elected  to have  the new  President  take on this
additional  role.  The Board thanked Jim for his  contribution  as Chairman over
many years.

In taking on these appointments Peter Bojtos summarized the immediate main tasks
facing  the  Company.  "We  are in the  process  of  finalizing  our  previously
announced  agreement  regarding the  development  of our La Balsa copper deposit
with NeXvu  Capital.  Additionally  we will look to  strengthening  the  Company
financially and seek new resource properties and opportunities."

The address of the Company's  operations  office,  previously in Coeur d' Alene,
Idaho has been  changed  to:     2582 Taft Ct.
                               Lakewood CO. 80215

The  Company's telephone number 208 664 6757 remains the same.

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