Glass Earth Gold Limited (TSX VENTURE:GEL)(NZAX:GEL) ("Glass Earth" or the
"Company") announces that it intends to proceed with a consolidation of its
share capital on a ten (10) old for one (1) new share basis. The share
consolidation was approved at a Special General Meeting of the Company's
shareholders held on October 4th 2013. The consolidation remains subject to
acceptance by the TSX-V Venture Exchange.


Upon completion of the share consolidation, a total of 10,566,560 common shares
will be outstanding. (The name of the Company will not be changed as a result of
the Consolidation).


Strategic focus for Glass Earth Gold 

Upon completion of the share consolidation and pursuant to the closing of
financing agreements currently under negotiation, Glass Earth Gold will resume
its exploration activities with the primary focus on the Wharekirauponga (WKP)
project in Waihi.


Technical work will be aimed at improving size and grade of the high grade
T-Stream gold-silver vein system (Central and Western zones). The exploration
team is encouraged by the high grade potential of the T-Stream system, as
reported in the maiden inferred resource of 260,000 ounces of gold at 6.1 g/t
and 390,000 ounces of silver at 9.3 g/t. 


(Note 1). Resources by zone offer higher grade estimates (Central zone 6.6 g/t
Au, and Western zone 9.7g/t Au respectively, see table below), with significant
expansion potential.




     Glass Earth Gold Limited - WKP Project Resources by Zone          
     ------------------------------------------------------------------
     INFERRED MINERAL RESOURCES                                        
     ------------------------------------------------------------------
     Zone              Tonnage     Gold       Gold    Silver     Silver
     ------------------------------------------------------------------
                   (T x 1,000)    (g/t)   (ounces)     (g/t)   (ounces)
     ------------------------------------------------------------------
     Central               800      6.6    170,000      10.5    270,000
     ------------------------------------------------------------------
     Eastern               430      4.8     66,000       7.5    100,000
     ------------------------------------------------------------------
     Western                90      9.7     27,000       7.8     20,000
     ------------------------------------------------------------------
     Total               1,300      6.2    260,000       9.3    390,000
     ------------------------------------------------------------------



Notes:



--  CIM definitions were followed for Mineral Resources. 
--  Mineral Resources are estimated at a cut-off grade of 3.0 g/t Au.  
--  Mineral Resources are estimated using a long-term gold price of
    US$1,500/oz. 
--  A minimum mining width of 1.5 m was used. 
--  Bulk density is 2.4 t/m3. 
--  Numbers may not add due to rounding. 



(Note 1) The independent technical report, entitled "NI 43-101 Technical Report
on the mineral resource estimate for the Wharekirauponga (WKP) Gold Project,
Hauraki, New Zealand" was prepared by David Ross, P.Geo. Principal Geologist
with Roscoe Postle Associates Inc. Toronto, who is a Qualified Person under NI
43-101.


The objective is to expand the limits of these known higher grade veins, test
the selected targets for the presence of additional mineralization, collect
preliminary environmental background data, and conduct preliminary metallurgical
testing to assist the preparation of future Mineral Resource estimates.


Neavesville gold-silver prospect 

Exploration activities for the Trig Bluffs project at Neavesville are delayed
until the negotiations under way with the local Maori population regarding
access are completed. Glass Earth Gold is satisfied with the quality of the
dialogue with the Maori population, though the process is slower than expected. 


About Glass Earth Gold 

Glass Earth Gold is an exploration company focused on unveiling the high-grade
potential of the Wharekirauponga (WKP) and Neavesville projects in Hauraki, New
Zealand. The properties are situated in areas of low sulphidation gold-silver
epithermal systems, similar to the system that hosts the Newmont Mining-owned
Martha Hill mine. 


The WKP project is a joint-venture between Glass Earth Gold (35%) and Newmont
Mining (65%). It holds a NI 43-101 inferred resource of 260,000 ounces of gold
at 6.1 g/t and 390,000 ounces of silver at 9.3 g/t.


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.


For information on Glass Earth Gold, please visit www.glassearthgold.com. To
receive Company news via email, subscribe at www.glassearthgold.com/subscribe.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) nor New Zealand
Exchange Limited has reviewed this release and neither accepts responsibility
for the adequacy or accuracy of this release.


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


Glass Earth Gold Limited
Anne Robert
Manager, Investor Relations
+ 1 514 880 0184
anne.robert@glassearth.co.nz
www.glassearthgold.com
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