EXHIBIT 99.1


                             N E W S   R E L E A S E


                2582 Taft Court, Lakewood, Colorado 80215, USA
                      PH:(303) 232-0292 FAX:(303) 232-0399


          FISCHER-WATT CLOSES SECOND TRANCHE OF ITS MEXICAN ASSET SALE


Denver, CO - April 11, 2007 - Fischer-Watt Gold Company, Inc. (OTCBB:FWGO) has
completed the second tranche of the three tranche sale of its 65% ownership
interest in its Mexican subsidiary, Minera Montoro, S.A. de C.V. At the closing
of this second tranche Fischer-Watt received $745,000 from Rogue River Resources
Corp. for 31% of its share ownership in Minera Montoro.

Fischer-Watt will receive a further $745,000 at the third closing, at which
point Fischer-Watt will have sold its entire interest in Minera Montoro. The
Company will, however, retain a 1% Net Smelter Return royalty on production from
the porphyry portion of the deposit on the La Balsa property in the State of
Michoacan. The agreed-to transaction date for completing the remaining buy-out
is April 30th, 2007, but the agreement has provision to extend the closing date
by up to 60 days.

Fischer-Watt has paid the required Mexican income taxes of approximately
$360,000 on the receipts from these first two tranches. In addition, an
outstanding debt to The Astra Ventures Inc., a related party, has been reduced
by about $576,000.

"Fischer-Watt is finally making significant financial strides forward and has
now generated an ability to fund its exploration programs on its two gold
properties in Arizona and Nevada" said Peter Bojtos, President and CEO. Permits
and other regulatory approvals are presently being applied for in order to carry
out exploration work on these two properties in the coming months.

Statements in this release that are not historical facts are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Readers are cautioned that any such statements are not guarantees of
future performance and that actual developments or results may vary materially
from those projected in the forward-looking statements.

For further information please contact:
Mr. Peter Bojtos  P.Eng.
President and Chief Executive Officer.
Fischer-Watt Gold Company, Inc.
303-232-0292
Email: info@fischer-watt.com