January 18, 2007
Greenwich, Connecticut --- January 18, 2007 --- Global Gold Corporation (OTCBB - GBGD ) (www.globalgoldcorp.com), through its Global Gold Uranium, LLC subsidiary announced that it has optioned with the right to acquire a 100-percent interest in various mineral properties at or near Great Lake and Shallow Lake, both in Labrador, Canada.
Highlights, Grand Lake Uranium Claims:
Highlights, Shallow Lake Uranium Claims:
"This is a strategic acquisition for our company," stated Van Krikorian, Chairman and Chief Executive Officer of Global Gold Corporation. "The formation of Global Gold Uranium was designed to locate uranium properties that would diversify our operations and utilize the most competent methods available for extracting precious metals and minerals."
Global Gold Corporation is an international gold mining, development and exploration company with mining properties in Chile and Armenia. Global Gold Corporation has consolidated properties in the North Central part of Armenia. The company has an office in Santiago, Chile, engages in exploration and development, and currently has a royalty interest in the Santa Candelaria copper/gold property in the Chañaral area (District III) in Chile. Global Gold Uranium, LLC is a wholly owned subsidiary of Global Gold Corp. engaged in the exploration for and development of uranium deposits. More information can be found at www.globalgoldcorp.com.
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
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