GEL Graphano Energy Ltd

Glass Earth Gold Limited (TSX VENTURE:GEL)(NZAX:GEL)("Glass Earth") advises that
it has commenced detailed testing of placer gold potential on its Otago leases.
An update on its primary focus of hard rock Exploration Activities is also
included.


PLACER GOLD MINING

Glass Earth is adapting in the face of tough economic times to utilize its
exploration skills to evaluate placer gold opportunities within its large Otago
permits. (historical placer production in this region is 8 M ounces gold).


Glass Earth has previously advised (26 November 2008) of its operational
adjustments to conserve funds and that the Company's cash, together with cash
from or work undertaken by contributing joint venturers, is budgeted to carry
the Company through into mid-2010. With the continuing financial turmoil, Glass
Earth is moving to assess the viability of generating a sustainable source of
cash flow to further fund its primary objective of hard rock gold exploration.


In 2007, Glass Earth conducted the largest ever airborne geophysical survey in
New Zealand covering 13,000 km2 of the Otago Region; providing new insights,
separate and superior to conventional geochemistry-driven exploration, in order
to locate shears similar to those hosting the Macraes Gold Mine. Glass Earth has
since employed the GeoInformatics-style "Data Intervention" targeting and
ranking system, using the detailed geophysical data from the airborne survey,
combined with legacy data and stratigraphic drilling, to allow prioritization of
exploration efforts for hard rock gold.


Glass Earth geologists have identified the vectors to the major mineralizing
structures, recognized to host significant hard rock gold, lie directly under
placer gold mineralisation. Numerous placer opportunities are recognized within
GEL permits.


RC test drilling has commenced on the first of several areas within the
Company's extensive Otago permits (14,000km2) coupled with preliminary
negotiations to secure equipment and experienced local personnel. Glass Earth's
extensive permit coverage places it in a superior position to avail itself of
these opportunities. Feasibility studies are currently underway and if
successful Glass Earth could be placer mining by the Canadian fall (Sept/Oct).


EXPLORATION ACTIVITIES

HAURAKI REGION (Newmont JV) (last reported upon 26 November 2008)

Newmont has completed its resistivity survey over the Karangahake South prospect
and has drilled 2 diamond holes without encountering significant mineralisation.


In the Wentworth Valley area, ground resistivity has been completed over several
targets with drilling about to commence at Wentworth and another target soon
after - WKP.


As at December 31, 2008, Newmont has expended approximately 54% of the funds
required for it to earn initial 65% equities in the permits comprising this
region over three years.


MAMAKU REGION

Muirs Reefs gold prospect (last reported upon 26 November 2008)

Further extensive EM (gradient array) ground surveying has been undertaken in
the central part of the conjoined Muirs/Massey, Otawa and Gibraltar prospects,
which form one large continuous alteration and quartz veined system over 5,000m
in length. This work provides very strong evidence of a new vein system east of
the Muirs/Massey Reefs (historic production 42,000 0z Au) hard rock sampling on
surface of this potential vein system have returned assays in the 1-3gm/t gold
range.


Contributory funds will be sought for drilling campaigns in order to concentrate
on the delineation of resources in the vicinity of the Massey/Muirs vein
systems.


OTAGO REGION

Encouraging mapping and sampling in the serpentine region has reinforced the
importance of this hard rock gold prospect in the Central Otago; in situ rock
samples assaying up to 33gm/t gold in mappable shears over 100's of meters
attest to the importance of this project.


Elsewhere green fields exploration following up coincident stream sediment
geochemistry (up to 60 gold grains in pan concentrates) with geophysical
signatures believed to be indicative of important mineralized shear structures
is being advanced in the favorable summer months.


This work is being carried out in parallel with the placer gold exploration;
importantly the two programmes complement one another.


Qualified Persons

Glass Earth's exploration programmes are carried out under the supervision of
Glass Earth's President and CEO, Simon Henderson, M.Sc, M.AUSIMM, F.SEG. Mr.
Henderson meets the qualified person requirements (as defined by National
Instrument 43-101) with more than 30 years of experience in the gold mining and
exploration industry.


About Glass Earth Gold Limited

Glass Earth is one of the largest New Zealand-based gold exploration companies
exploring a land position of over 17,000 km2 in the North and South Islands.
With its main office in Wellington, New Zealand. Glass Earth Gold Limited is
listed on the TSX Venture Exchange (TSX.VENTURE:GEL) and the New Zealand
Alternative Stock Exchange (NZAX:GEL).


To receive Company news via email, contact sasha@chfir.com and mention "Glass
Earth news" in the subject line.

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