Stock Price for GBGD Market Price $0.21 Change $0.00 Volume 0 (20 minute delay) US $/lb INFORMATION Authorized Shares: 100,000,000 par value $.001 per share Shares Outstanding:  33,601,885 Fully Diluted: 41,314,383 Share Holders: 1,275 MAJOR SHAREHOLDERS Firebird Management 27% Farallon Capital 16% Management 23%

Toukhmanuk's historical GKZ reported resource indicates 12.1 million tonnes of ore averaging 6.74 g/t gold and 30.79 g/t silver in P1 and higher categories. The license area borders Hankavan immediately to the west. The property includes an operating plant with an open pit and the Company anticipates revenue from recommencing small scale production in the 3rd quarter 2007. At the same time, a drill program commenced in 2006 to confirm the historical data and quantify reserves in accordance with Western standards. (Note, Global Gold’s confirmatory work to date has indicated that based on preliminary analysis, it is anticipated that Tukhmanuk may include a wider zone of mineralization to be bulk mined, rather than a higher grade narrow vein underground operation as the initial reports indicated.) The company has built its own international class mine laboratory facility at Toukhmanuk. For quality control, check assays are done outside Armenia. Announcement of the results and analysis is now expected in the third quarter of 2007.

Outside the north central belt in Armenia, Global Gold is engaged in a major exploration and drill program at Marjan in the southwestern Syunik province. The historical resources of a polymetallic deposit estimated by GKZ are reported to contain some 4.6 million tonnes estimated at average grades ranging from 2.48 to 2.99 g/t gold, 84.41 to 92.51 g/t silver, 1.24% to 1.29% lead, and 0.88% to 1.02 % zinc. Announcement of results and analysis is now anticipated in the fourth quarter of 2007.

In January 2006, Global Gold acquired the Getik property in Armenia. The license area is approximately 27 square kilometers and the property is located in the northeast of Armenia in the Geghargunik region. This property had been explored during the Soviet era for gold and uranium, and the current exploration program is staged over a period of 3 years, with drilling in each year.

In addition, in Armenia, Global Gold owns a 2.5% NSR royalty interest from Tamaya Resources (formerly Iberian Resources) in and around the southern Armenian mines of Lichkvadz-Tey and Terterasar as well as a right to participate up to 20% in new exploration undertaken in Armenia by Iberian/Tamaya.

In the mid 1990’s, Global Gold began operating in Armenia through a joint venture with the government by developing the Zod and Meghradzor deposits along with the reprocessing of tailings and plant at the Ararat plant southeast of the capital city, Yerevan. These projects were subsequently acquired though an earn in for stock, cash, and other consideration by First Dynasty Mines Ltd., since renamed Sterlite Gold Ltd., which was acquired by Vedanta Resources in 2007. Global Gold retains the right to participate up to 20% in any new exploration undertaken by Sterlite Gold/Vedanta or its successors in Armenia.

In Chile, Global Gold has an office in Santiago, engages in exploration and development, and currently has a royalty interest in the Santa Candelaria copper/gold property in the Chanaral District III in Chile. This property consists of approximately 1,100 acres, including the Candelaria Mining Claims 1 to 3; Santa Candelaria 1 to 8; and the Torino I, 1 to 7 and Torino II, 1 to 11, lying between the major copper mines of El Salvador and Potrerillo. The company also reviews new properties for potential acquisitions and development, alone or with partners.

In Canada, Global Gold Uranium LLC is working at three uranium exploration properties in the province of Newfoundland and Labrador. Prospecting is conducted at and around the Grand Lake and Shallow Lake properties in central Labrador. In April 2007, Global Gold Uranium entered into an option agreement on the Cochrane Pond uranium target in Newfoundland with Commander Resources Ltd., and Bayswater Uranium Corp.

The Cochrane Pond property consists of 2,600 claims within 61,000 hectares (approximately 150,708 acres). The claims were staked in early 2006 based upon favorable geology following discovery of uranium potential nearby. The property is located in the southeast of Newfoundland, and a map showing the location is available on the Global Gold website. In July 2007, Global Gold Uranium, LLC commenced an airborne radiometric and magnetic survey over the Cochrane Pond. Following the survey, a prospecting program will continue in 2007.

Global Gold’s three largest shareholders are Firebird Management, Farallon Capital, and the Company’s management. Senior management includes: Van Krikorian, Chairman and CEO (Greenwich); geologist Hrayr Agnerian Senior Vice President (Toronto); geophysicist Ted Urquhart, Ph.D. Vice President (Santiago); Jan Dulman, CPA, Chief Financial Officer (Greenwich), Drury J. Gallagher, Treasurer and Chairman Emeritus (Greenwich), and Ashot Boghosian, Regional Director Global Gold Mining, LLC (Yerevan).

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..