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ONGold Resources Ltd. press release

Canada West Capital announces second quarter results

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TSX Venture Exchange: CW.H

VANCOUVER, Aug. 25 /CNW/ - Canada West Capital Inc. ("CWC") today reported financial results for the second quarter ended June 30, 2005. The full second quarter interim report is available on Sedar.

Second Quarter Results

The Company incurred a net loss of $69,000 or $0.03 per share during the second quarter. The Company incurred a net loss of $118,000 or $0.05 per share during the six months ended June 30, 2005. There were no revenues during the period. The loss is primarily as a result of ongoing administrative expenses.

This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect CWC's current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made including those factors detailed from time to time in filings made by the Company with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. CWC does not intend and does not assume any obligation to update these forward- looking statements.

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