GGL Resources Corp.

GGL Resources Corp.

December 01, 2011 05:00 ET

GGL Resources Corp.: Annual Meeting Elects Five Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 1, 2011) - Raymond A. Hrkac, President and CEO of GGL Resources Corp. (TSX VENTURE:GGL) ("GGL") is pleased to announce that the shareholders approved the election of directors at the Annual and Special General Meeting ("AGM") of the Company in Vancouver, BC on November 16, 2011.

Returning directors are Nick DeMare, Graham Eacott, Raymond A. Hrkac, William Meyer and Wayne Spilsbury.

Shareholders also voted in favor of the appointment of D+H Group LLP as auditors of the Company for the ensuing year, approved the annual ratification of the Company's 10% rolling stock option plan and approved the amended and restated Shareholder Rights Plan dated September 25, 2011. The TSX Venture Exchange has accepted for filing both the Stock Option Plan and Shareholder Rights Plan..

At a directors' meeting held subsequent to the AGM, Mr. R. Hrkac was appointed President and CEO and Mr. N. DeMare was appointed Secretary and CFO.

The option negotiated with Emerick Resources Corp. (TSX VENTURE:ERC) ("Emerick") in early August this year assures the continuation of serious exploration of the mineral potential located to date within the Providence Greenstone Belt ("PGB"), NT, Canada. (See the August 4, 2011 News Releases for GGL and for ERC). We welcome the association and opportunity to work with Emerick for the benefit of the shareholders of both companies. A NI 43-101 report is in progress for the PGB and in particular for the gold properties and several Volcanogenic Massive Sulfide targets (VMS) with copper-zinc-lead-silver and gold mineralization, regulatory approval awaits the submission of this report.


Raymond A. Hrkac, President & CEO

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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