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Este blog fue creado para publicar novedades sobre la mineria en Argentina, complementando así nuestro web y presencia en redes sociales. Como todas nuestras actividades, apunta a conectar a la comunidad minera argentina y establecer un ámbito de promoción de la actividad en el mundo, generando oportunidades de negocios.
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This blog was created to publish news on argentinean mining, thus complementing our website and presence in social networks. As all of our activities, it intends to connect the mining community in Argentina and provide a place to promote the activity in the world, developing business opportunities.

1 jul 2010

G4G Resources Ltd. Not Proceeding With Acquisition of Geothermal Projects

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 30, 2010) - 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.

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 and CEO
(604) 602-9868
ir@g4gresources.com
www.g4gresources.com

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