Gabelli Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.14 Per Share

The Board of Trustees of The Gabelli Global Gold, Natural Resources & Income Trust (NYSE Amex:GGN) (the “Fund”) declared monthly cash distributions of $0.14 per share for October, November, and December 2009.

The distribution for October 2009 will be payable on October 23, 2009 to common shareholders of record on October 16, 2009.

The distribution for November 2009 will be payable on November 20, 2009 to common shareholders of record on November 13, 2009.

The distribution for December 2009 will be payable on December 17, 2009 to common shareholders of record on December 14, 2009.

Each quarter, the Board of Trustees reviews the amount of any potential distribution and the income, capital gain, or capital available. The Fund’s portfolio managers believe that attractive investment opportunities are available in the current environment and will seek to allocate the Fund’s capital accordingly. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment.

The Fund intends to make monthly cash distributions of all or a portion of its investment company taxable income (which includes ordinary income and realized net short-term capital gains) to common shareholders. The Fund also intends to make annual distributions of its realized net capital gains and may make distributions constituting a return of capital. Various factors will affect the level of the Fund’s income, such as its asset mix and use of covered call strategies. To permit the Fund to maintain more stable monthly distributions, the Fund may from time to time distribute more or less than the entire amount of income earned in a particular period. Because the Fund’s monthly distributions are subject to modification by the Board of Trustees at any time and the Fund’s income will fluctuate, there can be no assurance that the Fund will pay distributions at a particular rate.

If the Fund does not generate sufficient earnings (dividends and interest income and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. For the year ended December 31, 2008, the Fund had deferred capital losses for federal income tax purposes of $27,842,945, which are available to reduce future required distributions of capital gains. Notwithstanding, the Board of Trustees determined to declare monthly cash distributions of $0.14 per share for October, November, and December 2009. The Fund is limited in the number of long-term capital gain distributions it can make in any given year. None of the distributions paid in 2009 include long-term capital gain distributions. Accordingly, the Board of Trustees will continue to evaluate the effect of any deferred capital losses on the amount and frequency of any future distributions and its effect on the Fund’s ability to make future long-term capital gain distributions.

Short-term capital gains, qualified dividend income, ordinary income, and paid-in capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund as of August 17, 2009, each of the distributions paid in 2009 would include approximately 9% from net investment income, 29% from net short-term capital gains, and 62% from paid-in capital on a book basis. The estimated components of each distribution are provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2009 will be made after year end and can vary from the monthly estimates. All shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2009 distributions in early 2010 via Form 1099-DIV.

The Gabelli Global Gold, Natural Resources & Income Trust is a non-diversified, closed-end management investment company with $426 million in total assets whose primary investment objective is to provide a high level of current income. The Fund invests primarily in equity securities of gold and natural resources companies and intends to earn income primarily through a strategy of writing (selling) covered call options on equity securities in its portfolio. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which is a publicly traded NYSE listed company.

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