SOURCE: Global Gold Corp.

February 02, 2007 10:32 ET

Global Gold Announces the Appointment of Principal Officers

GREENWICH, CT -- (MARKET WIRE) -- February 2, 2007 --Global Gold Corporation (OTCBB: GBGD) (www.globalgoldcorp.com) announced that its board of directors has unanimously elected the following individuals to the corresponding offices:

Van Z. Krikorian, Chairman & Chief Executive Officer
Michael T. Mason, President & Chief Operating Officer
Hrayr Agnerian, Senior Vice President
Dr. Ted Urquhart, Vice President
Drury J. Gallagher, Chairman Emeritus, Treasurer & Secretary
Lester Caesar, Chief Financial Officer
Van Krikorian, Chairman of the Board and Chief Executive Officer, stated, "As the company continues to expand and explore new business opportunities we have aligned the management team in accordance with our specific needs. Our team has substantial gold, uranium and international project development and operations experience to develop some unique opportunities while managing the company's current operations." In 2006, the company employed over 200 people in its Armenia operations and twice that number in indirect employment to commence mining operations and bring former Soviet resource figures in conformity with Western standards and develop mining plans.

"The Board believes that Hrayr's decades long experience with uranium and precious metals projects in Canada, Mongolia, the former Soviet Union in North and South America, plus Ted's 30 years of uranium and precious metals exploration experience in Eastern Europe, as well North and South America, along with Mike's diverse international operating skills, have solidified our ability to develop and substantially expand Global Gold's initiatives," said Mr. Krikorian.

Mr. Krikorian concluded, "Beyond our recent expansion into uranium properties in Newfoundland and Labrador, Canada, Global Gold will continue to grow, guided by its principled commitment to best practices concerning mining, social, and environmental matters."

To read all senior management biographies in their entirety please visit www.globalgoldcorp.com.

Global Gold Corporation is an international gold mining, development and exploration company with mining properties in Chile and Armenia. Global Gold has consolidated properties in the North Central part of Armenia. The company has offices in Santiago, Chile, and Yerevan, Armenia. Global Gold Uranium, a wholly owned subsidiary of Global Gold Corp. is engaged in the exploration for and development of uranium deposits in the province of Newfoundland and Labrador. More information can be found at www.globalgoldcorp.com.

To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

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    Andrew Barwicki
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