VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2009) - G4G Resources Ltd. (TSX VENTURE:GXG) announces that it has entered into an agreement with Area Geofisica ENG s.a. (AG) to acquire 100% of the Anetta geothermal property located in the province of Salta, Argentina. Details of the agreement will be forthcoming upon completion of due diligence.
The Anetta property covers an area of 6,555 hectares and is located 170 kilometres south of the city of Salta, which is the capital of the province of Salta. In close proximity to Anetta is the city of Rosario de la Frontera, which has population of approximately 30,000.
"G4G Resources is extremely pleased with the agreement to acquire the Anetta geothermal property," stated Basil Botha, President & CEO. The property is adjacent to established electricity lines and roads, and close to markets for power. We look forward to developing the project to its full potential."
Based on previous work that has been conducted, Anetta is characterized by surface occurrences of hot water, with temperatures at surface ranging from 50 degrees C to 99 degrees C. Geothermometers indicate reservoir temperatures in the range of 150 degrees C to 170 degrees C.
Following completion of the acquisition, G4G will commence a field program to verify the geothermal capacity of the Anetta property, with a view to developing a geothermal power project.
The acquisition is subject to approval by the TSX Venture Exchange.
G4G also announces that it will not pursue the definitive agreement to acquire a 90% interest in a geothermal property in the province of San Juan, Argentina under the Letter of Intent announced on September 8, 2009.
About G4G Resources
G4G Resources is a Canadian-based mineral exploration and development company focused on a number of resource projects, including iron sands, alternative fuels and geothermal power.
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 2008 Annual Report filed with SEDAR on April 23, 2009.
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.
For more information, please contact
G4G Resources Ltd.
Basil Botha
President & CEO
604-602-9868
ir@g4g4resources.com
www.g4gresources.com
For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/
The Anetta property covers an area of 6,555 hectares and is located 170 kilometres south of the city of Salta, which is the capital of the province of Salta. In close proximity to Anetta is the city of Rosario de la Frontera, which has population of approximately 30,000.
"G4G Resources is extremely pleased with the agreement to acquire the Anetta geothermal property," stated Basil Botha, President & CEO. The property is adjacent to established electricity lines and roads, and close to markets for power. We look forward to developing the project to its full potential."
Based on previous work that has been conducted, Anetta is characterized by surface occurrences of hot water, with temperatures at surface ranging from 50 degrees C to 99 degrees C. Geothermometers indicate reservoir temperatures in the range of 150 degrees C to 170 degrees C.
Following completion of the acquisition, G4G will commence a field program to verify the geothermal capacity of the Anetta property, with a view to developing a geothermal power project.
The acquisition is subject to approval by the TSX Venture Exchange.
G4G also announces that it will not pursue the definitive agreement to acquire a 90% interest in a geothermal property in the province of San Juan, Argentina under the Letter of Intent announced on September 8, 2009.
About G4G Resources
G4G Resources is a Canadian-based mineral exploration and development company focused on a number of resource projects, including iron sands, alternative fuels and geothermal power.
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 2008 Annual Report filed with SEDAR on April 23, 2009.
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.
For more information, please contact
G4G Resources Ltd.
Basil Botha
President & CEO
604-602-9868
ir@g4g4resources.com
www.g4gresources.com
For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/ 
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