G4G Resources Ltd.
TSX VENTURE : GXG

G4G Resources Ltd.

May 26, 2009 14:20 ET

G4G Resources Announces Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 26, 2009) - G4G Resources Ltd. (TSX VENTURE:GXG) ("G4G") announces plans to complete a non-brokered private placement of up to $400,000 through the issuance of units priced at $0.20. Each unit would consist of one common share and one common share purchase warrant (a "Warrant"). Each Warrant would entitle the holder to acquire an additional common share of G4G at a price of $0.30 until the earlier of (i) 24 months following issuance; and (ii) in the event that the common shares of G4G trade at or above $0.60 per share for a period of 20 consecutive days. The private placement financing is subject to regulatory approval and all securities issued in connection with the private placement will be subject to a four-month regulatory hold period.

G4G plans on using the proceeds from the financing for the identifying and analyzing of ironsands projects in the Western hemisphere, for which the company has submitted applications for minerals concessions together with local partners, and for identifying and evaluating additional opportunities and working capital purposes. There are no assurances that the minerals concessions will be granted.

In connection with the private placement, eligible registrants shall receive a cash commission equal to 7% of the gross proceeds they raise as well as broker warrants entitling them to acquire such number of units as is equal to 9% of the total number of units they sell in the financing, at a price of 0.20 cents per unit for a period of two years.

About G4G Resources

G4G Resources is a Canadian-based mineral exploration and development company focused on a number of resource projects.

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 2008 Annual Report filed with SEDAR on April 23, 2009.

Should you wish to receive Company news via email, please email ir@g4gresources.com and specify "G4G News" in the subject line.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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