-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 HcNF2mfc2ffw+mKKXsuGh8F49E9o8kdKQ9Uq+bhXEPxofMcSGU25qiW00wD3HFrf
 c+zOuHzKnLHgxfQuGXhtzQ==

<SEC-DOCUMENT>0000931731-05-000206.txt : 20051103
<SEC-HEADER>0000931731-05-000206.hdr.sgml : 20051103
<ACCEPTANCE-DATETIME>20051103185223
ACCESSION NUMBER:		0000931731-05-000206
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20051012
FILED AS OF DATE:		20051103
DATE AS OF CHANGE:		20051103

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FISCHER  WATT GOLD CO INC
		CENTRAL INDEX KEY:			0000844788
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				880227654
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0131

	BUSINESS ADDRESS:	
		STREET 1:		1621 NORTH 3RD STREET
		STREET 2:		SUITE 1000
		CITY:			COEUR D'ALENE
		STATE:			ID
		ZIP:			83814-3340
		BUSINESS PHONE:		2086646757

	MAIL ADDRESS:	
		STREET 1:		1621 NORTH 3RD ST
		STREET 2:		STE 1000
		CITY:			COEUR DALENE
		STATE:			ID
		ZIP:			83814

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FISCHER WATT GOLD CO INC
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BEATTIE GEORGE
		CENTRAL INDEX KEY:			0001267142

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-17386
		FILM NUMBER:		051178195

	MAIL ADDRESS:	
		STREET 1:		C/O FISCHER WATT GOLD
		STREET 2:		1410 CHERRY WOOD DR
		CITY:			COEUR D ALENE
		STATE:			ID
		ZIP:			83814
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4-gjb110305_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-10-12</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000844788</issuerCik>
        <issuerName>FISCHER  WATT GOLD CO INC</issuerName>
        <issuerTradingSymbol>FWGO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001267142</rptOwnerCik>
            <rptOwnerName>BEATTIE GEORGE</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O FISCHER WATT GOLD</rptOwnerStreet1>
            <rptOwnerStreet2>1410 CHERRY WOOD DR</rptOwnerStreet2>
            <rptOwnerCity>COEUR D ALENE</rptOwnerCity>
            <rptOwnerState>ID</rptOwnerState>
            <rptOwnerZipCode>83814</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Option to Buy</value>
            </securityTitle>
            <transactionDate>
                <value>2005-10-12</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2005-10-12</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>500000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.01</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Shares of Common Stock issued to Diana Maria Beattie, wife of owner of Options to Buy.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>George J. Beattie</signatureName>
        <signatureDate>2005-11-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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