G4G Resources Ltd.

G4G Resources Ltd.

June 17, 2010 19:21 ET

G4G Resources Ltd. Amends Terms on Warrants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2010) - G4G Resources Ltd. (TSX VENTURE:GXG) announced today that it has amended the terms on two groups of warrants issued during its December 2007 and June 2008 private placement financings.

The expiry date of the first group, consisting of 4,000,000 warrants, has been extended to September 30, 2010 from the original expiry date of June 30, 2010. The exercise price of the 4,000,000 warrants remains unchanged at $0.45. 

The expiry date of the second group, consisting of 2,000,000 warrants, has also been extended to September 30, 2010 from the original expiry date of June 17, 2010. The exercise price of the warrants remains unchanged at $0.30.

Each warrant, upon exercise, entitles the holder to acquire an additional common share of G4G Resources Ltd.

About G4G Resources Ltd.

G4G Resources Ltd. is a Canadian-based mineral exploration and development company focused on a number of resource projects, including iron sands, alternative fuels and geothermal power.

Forward-Looking Statement

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties, as it relates to G4G Resources Ltd., please refer to the Company's 2009 year end financial statements filed with SEDAR on April 30, 2010.

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

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