GGL Diamond Corp.
TSX VENTURE : GGL

GGL Diamond Corp.

June 29, 2005 18:13 ET

GGL Retains Ascenta Capital Partners to Provide Investor Relations Services to the Company

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 29, 2005) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNTIED STATES

Raymond A. Hrkac, President and CEO of GGL Diamond Corp. (TSX VENTURE:GGL) is pleased to announce that the Company has retained Ascenta Capital Partners Inc., a Vancouver-based company specializing in corporate finance and communications, to provide the company with investor relations services.

Ascenta is a full and comprehensive provider of corporate finance and investor relations services and will assist the company in fostering productive, continuing dialogues with analysts, brokers, investors and other financial professionals.

Ascenta will receive a monthly retainer of $5,000. GGL will also issue as compensation an option to purchase 200,000 common shares at an exercise price of $0.20. The options granted will vest in accordance with applicable regulations.

GGL DIAMOND CORP.

Raymond A. Hrkac, President & CEO


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

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