GEL Graphano Energy Ltd

Glass Earth Gold Limited (TSX VENTURE:GEL)(NZAX:GEL) ("Glass Earth") advises
that St Andrew Goldfields Limited has announced that it has sold approximately
18.3 million shares in Glass Earth on April 16, 2008 to private investors by
private agreement at a price of C$ 0.15 per share.


As a result of the above divestiture, St Andrew Goldfields equity in Glass Earth
has reduced by 11.8% to 30.5%.


Glass Earth Exploration

Glass Earth continues to pursue vigorous exploration campaigns in all 4 of its
exploration regions in New Zealand. Drilling is underway in the Hauraki Region,
North Island (via Newmont Joint Ventures in that region). Drilling in the other
3 regions is planned over the next few months. On-the-ground exploration work in
the Otago Region, South Island has been stepped up with most North Island staff
having been relocated to this exploration region. (currently the Southern
Hemisphere autumn).


About Glass Earth Gold Limited

Glass Earth is one of the largest New Zealand-based gold exploration companies
exploring a land position of over 27,000 square kilometres in the North and
South Islands.


In the North Island, exploration efforts are focused on the Hauraki / Central
Volcanic Region. The Hauraki / Central Volcanic Region is host to the 10 million
ounce gold Waihi / Martha Mine, owned by Newmont Mining, which is considered the
"type" epithermal gold deposit and the kind of large epithermal gold system
targeted by Glass Earth.


- Hauraki Region - With advanced gold prospects, this region occupies a
significant ground position around the Waihi / Martha Mine; Newmont has
commenced earning into the Glass Earth permits via two Joint Ventures: the Waihi
West permit, immediately adjacent to the Waihi / Martha Mine; and the
surrounding Hauraki Region permits.


- Mamaku Region - With recently-defined gold targets, this region includes the
Muirs Reef prospect, which historically has produced more than 43,000 ounces of
gold;


- Central Volcanic Region - Glass Earth has defined a number of epithermal gold
targets in this region.


In the South Island, exploration efforts are focused on the Otago Region for
mesothermal "Macraes-style" gold targets and alluvial gold.


- Otago Region - A major data collection/geophysical survey over this region was
completed in August 2007. It is being followed by a targeting process to
identify priority areas of gold potential for detailed on-ground evaluation
(which commenced in November 2007). Drilling is anticipated in the 2nd quarter
2008.


Glass Earth Gold Limited, with its main operational office in Wellington, New
Zealand; field offices in Rotorua (North Island) and Dunedin (Otago, South
Island) and corporate office in Toronto, Canada; is listed on the TSX Venture
Exchange (TSX VENTURE:GEL) and the New Zealand Alternative Stock Exchange
(NZAX:GEL).

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