Global Gold Holds Annual Meeting

GREENWICH, CT, Jun 24 (MARKET WIRE) --
Global Gold Corporation (OTCBB: GBGD), an international gold mining,
development, and exploration company with mining properties in Armenia
and Chile, held its annual shareholders meeting as noticed on Friday,
June 19, 2009 (www.globalgoldcorp.com) at its headquarters in Greenwich,
CT. With 83.35% of all outstanding shares represented in the voting
process, shareholders re-elected the current Board of Directors by an
over 96% favorable vote. Re-elected as directors were Van Z.
Krikorian-Chairman and CEO, Drury J. Gallagher-Chairman Emeritus,
Treasurer and Secretary as well as independent directors Nicholas
Aynilian of NJA Investments, Ian Hague co-founding principal at Firebird
Management, and Retired U.S. Ambassador Harry Gilmore. The shareholders
also voted to confirm Sherb and Co., LLP (www.sherbcpa.com) as the
company's outside auditor.

Following the meeting, there was a review of Global Gold's current
operations. In Armenia, production at Toukhmanuk mining property in June
reached an output rate of about 300 ounces of gold per month. Global Gold
anticipates this monthly production rate to be sustained until the plant
production is expanded to 15,000 ounces per year in the first quarter of
2010 and then to an industrial production level of over 100,000 ounces per
year. Recently, Global Gold submitted a revised resource report to the
State Committee for Reserves (GKZ) based on the significant discovery at
the Toukhmanuk Central Area announced in October 2008. The revised report
is expected to be approved in the near future.

The ongoing exploration and drilling program at Getik property was also
noted.

Additionally, the Board reviewed progress at Marjan, the Company's
advanced exploration project in southwestern Armenia. Global Gold
anticipates test mining and continuation of its exploration and drilling
at Marjan and the expanded Marjan North area. Drill hole spacing ranges
from 40 m to 100 m, and the deposit has been explored across 200 m
vertical section, with four adits starting at 40 m, 65 m, 80 m, and 120 m
below the surface respectively.

Global Gold's divestment of Canadian uranium exploration properties was
also discussed. Global Gold retains a royalty interest on sales of uranium
products from Cochrane Pond Property in Newfoundland from Commander
Resources and Bayswater Uranium if that property goes into production.

In Chile, at the Global Gold Valdavia property, the Company plans to
proceed with renewed mining and processing plans, starting at the
Guadelupe site. The plant technology and design proposal approved by the
joint venture was reviewed.

A presentation for an expanded Investor Relations Program was also made to
the Board by Global Gold's Vice President of Business Development and
Investor Relations. The Program included recommendations to expand
communications with the shareholder base and the financial community
including, for example, more frequent news releases on exploration and
production progress, internet marketing and broader research analyst
coverage.

The Board also reviewed the Company's commitment to best practices in
internal operations, environmental responsibility, and social
responsibility. The Board believes that it is important to offer
stockholders the opportunity to communicate with the Board about Company
issues and developments. Stockholders who wish to communicate with the
Board may do so by sending written communications addressed to the Board
of Directors, Global Gold Corporation, 45 East Putnam Avenue, Greenwich,
CT 06830 or by email at ggc@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. Former Soviet country estimations are presented for
historical reporting and to provide a basis for assessing Global Gold's
choices for its business activities and not to be understood as indicating
the existence of reserves or resources.

Contact Information:
Courtney Fellowes
Vice President
Business Development and Investor Relations
(203) 422-2300
cfellowes@globalgoldcorp.com

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