GXG

G4G Resources Ltd. ("G4G", "the Company") (TSX VENTURE:GXG) announced today that
it will no longer be proceeding with the acquisition of an interest in the Valle
del Cura, Tuzgle and Tocomar geothermal projects in Argentina. G4G originally
announced the proposed acquisition on February 16, 2010 and then subsequently
announced amended terms of the acquisition on April 21, 2010. Under the terms of
the acquisition agreement, G4G has notified the vendor that required approvals
have not been received for the transaction.


G4G will now focus its attention on the development of iron sands properties in
Guatemala, which was announced on May 10, 2010.


About G4G Resources Ltd.

G4G Resources Ltd. is a Canadian-based mineral exploration and development
company focused on a number of resource projects, including the development of
iron sands projects in Guatemala.


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, except as required under securities laws. For a
detailed list of risks and uncertainties, as it relates to G4G Resources Ltd.,
please refer to the Company's 2009 Annual Report filed with SEDAR on April 30,
2010.


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

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