GEL Graphano Energy Ltd

Glass Earth Gold Limited (TSX VENTURE:GEL)(NZAX:GEL) ("Glass Earth Gold or GEG")
is pleased to announce that it has filed on SEDAR (www.sedar.com) its National
Instrument 43-101 Technical Report on Glass Earth's Placer Projects, Central
Otago and Southland, New Zealand.


The report examines five separate alluvial (placer) properties in the Central
Otago Goldfields in New Zealand's South Island. Each project, Drybread,
Matakanui, Vinegar Hill, Waikaia and Pigburn is detailed independently in the
report.


Exploration by GEG at the Placer Projects has outlined indicated mineral
resources of 945,000 m3 for a total of 9,950 ounces of gold. In addition GEG has
outlined inferred mineral resources of 1,351,400 m3 for a total of 22,500 ounces
of gold.


The indicated resources lie within the Drybread Project, in the upper
Manuherikea Valley, where the gold is contained within degradational gravels of
Tertiary, Quaternary and Recent age, in shallow horizontal fluvial horizons
within 1-11m of surface.


The reader is cautioned that this indicated classification reflects the relative
confidence of the grade estimates, the geological continuity, and the continuity
of mineralization. Furthermore, there is sufficient information to allow
appropriate application of technical and economic parameters, to support mine
planning and evaluation of the economic viability of the deposit. 


The Inferred Resources are contained in four other project areas, Matakanui,
Vinegar Hill, Pigburn and Waikaia, respectively located in the Manuherikia,
Maniototo and Waikaia valleys, where the gold is contained within degradational
gravels of Tertiary, Quaternary and Recent age, in shallow horizontal fluvial
horizons within 1-11m of surface.


The reader is cautioned that this inferred classification reflects that quantity
and grade can only be estimated on the basis of geological evidence and limited
sampling, allowing reasonably assumed, but not verified geological and grade
continuity. The estimate is based upon limited information and sampling,
gathered through drilling. Due to the uncertainty associated with an inferred
mineral resource, it cannot be assumed that all or any part of the resource will
be upgraded to an indicated or measured mineral resource with further
exploration. Confidence is insufficient to apply meaningful technical or
economic parameters.


The report chronicles the historical mining, generally several campaigns of
historical drilling, followed by GEG's drilling, bulk sampling, and where
appropriate metallurgical/engineering data collection on five project areas that
are the focus of GEG Placer activities. 


GEG completed a total of 887 drill-holes totalling 7200 metres of drilling, 166
bulk sample/pits for 600m of sampling, and compiled and verified 341 legacy
drill-holes for 4,500m of legacy drilling; averaging over both GEG and Legacy
drill-holes an 8.2m depth of vertical drill-holes.


GEG established its own Laboratory testing facility in Alexandra. This report
describes the sample preparation and analytical processes undertaken for this
report, as well as gold morphology for individual projects.


GEG Placer operations and projects remain relatively underexplored in the
Central Otago and Southland regions of the South Island of New Zealand. 


At Drybread, where mining operations are currently underway, exploratory mapping
and drilling is recommended to target the zone between the current operations,
and historical mining activity adjacent to the Dunstan Range. 


At Matakanui and Vinegar Hill, further drilling, and bulk sampling are
recommended to improve the confidence in existing resources outlined, and
examining the gold potential of recent gravel horizons identified to the south
of both resources.


At Waikaia, this larger gold resource in the Southland basin requires
significantly more drilling, pitting and engineering data to provide confidence
to proceed further on what is a deeper and potentially clayey deposit.


Pigburn, whilst relatively modest, has both resource consent and mining permit
in place, and is being examined as a small mining operation under franchise
arrangement.


A two stage programme of drilling, pitting and engineering studies is
recommended, for an estimated cost of NZ$195,000 over all five properties.


The technical report, entitled "NI 43-101 Technical Report on Glass Earth's
Placer Project" was prepared by Mr Simon Henderson MSc, MAusIMM CP (Geology),
who is a Qualified Person under NI 43-101, and has reviewed and approved the
technical content of this news release.


Qualified Person

Mr Simon Henderson, MSc Geology (CODES), an AusIMM Chartered Professional under
the Discipline of Geology; is a Qualified Person as defined by National
Instrument 43-101 and an employee of the Company, has reviewed and approved the
technical information given in this press release.


About Glass Earth Gold

Glass Earth Gold is one of New Zealand's most active gold exploration companies
with landholdings proximal to producing deposits and cash flow from its wholly
owned placer projects. With an experienced geological team the Company is
exploring promising gold prospects across both the North and South Islands.


In the North Island, exploration efforts are focused on large epithermal gold
systems in the Hauraki Region, akin to the operating Martha Hill mine, (Newmont
Mining).


In the Hauraki Region, Glass Earth Gold has identified and developed significant
ground positions around the active Martha Hill gold mine operations at Waihi.
The Newmont-Glass Earth Gold Waihi West JV (Newmont earning in) and Hauraki JV
(65/35), including drilling at the WKP discovery, are being actively explored
and managed by Newmont in collaboration with Glass Earth Gold. 


The recent announcement that Glass Earth Gold has acquired option rights to the
Neavesville gold/silver prospect (just north of WKP) will mean an increased
exploration focus in the Hauraki region. 


In the South Island, exploration efforts are focused on the Otago Region, home
to OceanaGold's Macraes Goldfield, for identification of mesothermal
"Macraes-style" gold targets and revenue generation through placer (alluvial)
gold production. 


For more information on Glass Earth Gold, please visit www.glassearthgold.com.

To receive Company news via email, contact erica@chfir.com and mention "Glass
Earth news" in the subject line. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Glass Earth Gold Limited
Simon Henderson
President and Chief Executive Officer
+64 4 903 4980
info@glassearthgold.com
www.glassearthgold.com


CHF Investor Relations
Jeanny So
Director of Operations
+1 416 868 1079 x 225
jeanny@chfir.com

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