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GXG

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Share Name Share Symbol Market Type
TSXV:GXG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

G4G Resources Ltd. Amends Terms on Warrants

22/09/2011 10:41pm

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(TSXV:GXG)
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G4G Resources Ltd. (TSX VENTURE: GXG) announced today that it has amended the terms on four groups of warrants issued during its December 2007, April 2008, March 2009 and May 2009 private placement financings.

The expiry date of the first group, consisting of 4,000,000 warrants, has been extended to December 15, 2011 from the original expiry date of September 30, 2011. The exercise price of the 4,000,000 warrants remains unchanged at $0.45.

The expiry date of the second group, consisting of 2,600,000 warrants, has also been extended to December 15, 2011 from the original expiry date of September 30, 2011. The exercise price of the warrants remains unchanged at $0.45.

The expiry date of the third group, consisting of 5,000,000 warrants, has also been extended to December 15, 2011 from the original expiry date of September 30, 2011. The exercise price of the warrants remains unchanged at $0.15.

The expiry date of the fourth group, consisting of 2,000,000, has also been extended to December 15, 2011 from the original expiry date of September 30, 2011. The exercise price of the warrants remains unchanged at $0.30.

Each warrant, upon exercise, entitles the holder to acquire an additional common share of G4G Resources Ltd.

About G4G Resources Ltd.

G4G Resources Ltd. is a Canadian-based mineral exploration and development company focused on a number of low cost iron ore projects and copper-gold properties on Vancouver Island.

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. For a detailed list of risks and uncertainties, as it relates to G4G Resources Ltd., please refer to the Company's 2010 year end audited financial statements filed with SEDAR on April 28, 2011.

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.

Contacts: G4G Resources Ltd. Basil Botha President & CEO 604-602-9868 ir@g4g4resources.com www.g4gresources.com

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