Global Gold Corporation (Global Gold) is an international gold mining and exploration company that acquires and develops properties with a low cost of production and substantial upside.  We currently operate three properties in Armenia and are the largest gold exploration license holder in the country.  We also hold a 100% interest in an alluvial gold property in Chile.  At every level, we are committed to best practices, building shareholder value, and maintaining social and environmental responsibilities in the communities where we work.

Our mission is to establish ourselves as a mid-tier gold producer by maximizing potential of our properties and bringing them into production as soon as possible and in increasing scale.  We recognize that the new global market environment and robust gold price present us with a unique opportunity to build shareholder value.

Global Gold’s strategy is to generate revenues not only through production but also through royalty agreements and development.  We may also seek to form operating partnerships to bring assets into production more quickly and generate cash flow.  Our focus is on a few key high growth assets with balanced country risk.

Global Gold has a portfolio of gold and silver projects at early and advanced stages of exploration and development in Armenia and Chile. 

We have one mine in the early stage of production in Armenia:

• Global Gold holds a 100% interest in a placer and hard rock gold property in south central Chile, near Valdivia.  The property, Global Gold Valdivia, is identified by the Pureo Claims Block, an area of approximately 8,200 hectares of gold deposits with twelve placer mining sites ready to go into operation.  

We have one property in pre-production stage in Chile:

• Global Gold holds a 51% interest in Madre de Dios property in southeastern Chile, near Valdavia.  This is a placer and hard rock property in area of 25,000 hectares of gold deposits with twelve placer mining sites ready to go into operation.       

We have two promising exploration properties in Armenia:

• 100% interest in the Marjan property located in southwestern Armenia.  Marjan is currently in the advanced stage of exploration of a gold and silver deposit.  Historic GKZ reserve data estimate the deposit contains 15.4 million tonnes of ore at average grades of 2.31g/t of gold and 92.1g/t of silver.  A special Mining License was awarded to Global Gold in 2008 for a period of 25 years on the 19. 6 sq km property.
• 100% interest in the Getik property which is a gold and silver deposit in northeastern Armenia.  The exploration license area covers 27 sq km.

Based in Greenwich, Connecticut, Global Gold has offices in Yerevan, Armenia, and in Santiago, Chile.  Our management’s strong knowledge of the local markets and our on site presence enable us to hire and retain the best local technical talent and give us first mover advantage in identifying and securing prospective properties. 

Global Gold, incorporated in 1980, is a public company traded on the OTCBB in the US under the symbol GBGD.  As of March 1, 2009, we have 39, 187, 023 shares outstanding and approximately 1,300 shareholders.  Our largest shareholder is Firebird Management which holds approximately 37%, and Management holds approximately 20%.

Disclaimer: To the extent that statements are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Former Soviet country or "GKZ" estimations are presented for historical reporting and to provide a basis for assessing Global Gold's choices for its business activities and not to be understood as indicating the existence of reserves or resources.