Mining and exploration projects in Armenia

CLOSES $13 MILLION PRIVATE PLACEMENT

Press Release - GLOBAL GOLD CORPORATION Quotes:( GBGD )
Thursday, April 06, 2006

Global (www.globalgoldcorp.com) has closed a private placement raising thirteen million dollars [...] to fund its mining and exploration projects in Armenia and in Chile, acquisition plans as well as for working capital.
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Global is currently focusing its work in Armenia in the North Central Belt to produce gold and to bring historical reserve numbers up to Western standards as well as in the gold and uranium Getik exploration area. Global also has other interests in Armenia including joint ventures with Iberian Resources and the right until December 31, 2009 to elect to participate at a level of up to twenty percent with Sterlite Gold Ltd. or any of its affiliates in any exploration project undertaken in Armenia. Global Gold Corporation is located at 45 East Putnam Avenue, Greenwich, CT 06830. The main phone number is 203-422-2300. More information can be found at www.globalgoldcorp.com.
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