GGL Resources Corp.
TSX VENTURE : GGL

GGL Resources Corp.

January 26, 2012 05:00 ET

GGL Resources Corp.: Emerick Terminates Option on Northwest Territories Property and Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2012) - GGL Resources Corp. (TSX VENTURE:GGL) has been informed that due to current market conditions, Emerick Resources Corp. has terminated the proposed transaction whereby it was granted the option to earn a 75% interest in the Providence Greenstone Belt Project located in the Northwest Territories (see new release of August 4, 2011). The planned private placement to raise funds for this transaction is also not proceeding.

GGL now again has 100 % ownership of the Providence Greenstone Belt and the diamond claims all located in the NT, as well as 100 % ownership of the McConnell Gold and Copper-Gold property in BC.

These very compelling and strong assets will allow the Company to proceed to attract the capital and/or partners required to move forward.

GGL RESOURCES CORP.

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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