Global Gold Corporation - International Gold Mining, Development and Exploration in Armenia and Chile

Global Gold Corporation Names Ian Hague as a Member of the Board of Directors

GREENWICH, CT, U S A, January 19, 2005/PRNewswire-First Call/ -- Global Gold Corporation (BULLETIN BOARD: GBGD) announced today the appointment of Ian Hague as a non-executive member of the board of directors of Global Gold Corporation. He joins Nicholas Aynilian, Drury J. Gallagher, Van Krikorian, and Michael T. Mason on Global's board.

Commenting on the new appointment, Global Gold's Chairman/CEO Drury J. Gallagher said: "We are pleased to have Ian Hague join us as a member of our board. His international experience and focus on the former Soviet Union will be a major contribution to the success of Global Gold Corporation."

Ian Hague is a co-founder of Firebird Management, LLC - Firebird manages over $850 million in seven funds dedicated to equity investments in Russia, Eastern Europe and Central Asia. Mr. Hague is a leading expert on Russian politics and investments and has published numerous articles and given dozens of presentations over the years. He is a graduate (BA) of Wesleyan University (1983), and has a Masters Degree in International Policy Studies from the Monterey Institute of International Studies and has done graduate work at Columbia University's Harriman Institute. Ian is co-lead manager of Firebird Fund LP, Firebird New Russia Fund, Firebird Republics Fund, and Firebird Avrora Fund. Mr. Hague serves as a member of the Supervisory Board of the Bank of Georgia and the Board of Directors of Amber Trust, a private equity fund specializing in companies in the Baltic States.

Global Gold Corporation is an international mining company whose strategic focus is the acquisition, development, exploration and operation of gold mining properties. Global Gold has acquired and is developing projects in Armenia and Chile. The company headquarters are located at 104 Field Point Road, Greenwich, CT 06830; additional information can be found at .

To the extent that statements in this press release 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.

Global Gold Corporation
International Corporate Center at Rye
555 Theodore Fremd Avenue, Suite C208
Rye, New York 10580
Tel: 914-925-0020
Fax: 914-925-8860

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