GEL Graphano Energy Ltd

Glass Earth Gold Limited ("Glass Earth Gold" or "the Company") (TSX
VENTURE:GEL)(NZAX:GEL) today announced that it has made a new gold discovery at
its Garibaldi project in Central Otago. The new discovery is characterised by a
network of quartz veins from which systematic soil and bedrock trench samples
have returned grades ranging up to 16.1 g/t Au. The zone of interest is 900m in
strike length and 300m wide. It has coincident elevated tungsten and arsenic
mineralisation.


Simon Henderson, President and CEO of Glass Earth Gold, commented that "This is
an important development in early stage prospect delineation where the potential
for significant widths of mineralised quartz and host mafic schist offer
potential for a significant size mesothermal gold discovery... This new
discovery is a turning point in GEL's hard rock gold exploration in Central
Otago and attests to the science driven exploration program focused on discovery
of gold deposits similar to OceanaGold's 7.2 million ounce Macraes gold deposit
in the metaphorphic terrain of Central Otago".


Exploration following GEL's major airborne geophysics survey in 2007 highlighted
mafic protoliths as important hosts to gold mineralisation; regional geochemical
surveys followed by detailed soil sampling recorded anomalous gold in soil over
an area 5 km x 2 km with individual results up to 9,750 ppb Au, with anomalous
arsenic and tungsten. Narrow outcropping quartz veins gave anomalous rock chip
values (up to 8.73 g/t gold) which encouraged a significant trenching program to
delineate mineralised quartz veins and host mafic schist over a 900 x 300m area.


Channel/panel sampling from trenching at Anomaly 2 (individual samples of 1mx1m)
demonstrate consistent mineralised E-W orientated quartz veins with individual
grades between 1-16.1 g/t Au and importantly inter-fingered mafic schist with
grades between 0.5 - 2.65 g/t Au. Of 60 samples, 10 samples exceeded 1 g/t, 8
samples ran 0.5 - 1 g/t and 9 samples ran 0.1 - 0.5 g/t Au.


In 2007, Glass Earth Gold completed the largest airborne geophysical survey in
New Zealand, over 13,000km2 of mesothermal terrain in the Otago region. The
magnetic and electro-magnetic data collected, identified shear zones similar to
the Hyde-Macraes Shear Zone which hosts the Macraes gold mine; Glass Earth
commenced on-ground exploration, focusing directly on these potentially
gold-bearing regional structures. The Macraes gold mine, New Zealand's largest
gold producing operation has produced over two million ounces of gold since
current mining operations began in 1990. 


Forward Work Programme 

The immediate objective is to finalise additional fieldwork in order to plan and
recommend a drill program. 


To view "Figure 1: - Garibaldi project in Central Otago, New Zealand", please
visit the following link:

http://glassearthgold.com/i/newsreleases/2012/Images/GEGLPR_24Apr2012_Map1.jpg

Location Map: To view "Figure 2: - Garibaldi project in Central Otago, New
Zealand", please visit the following link:

http://glassearthgold.com/i/newsreleases/2012/Images/GEGLPR_24Apr2012_Map2.jpg

About Glass Earth Gold

Glass Earth Gold is one of New Zealand's largest gold exploration companies with
landholdings proximal to world-class gold deposits and cash flow from its wholly
owned placer projects. With an experienced geological team, the Company is
exploring promising gold prospects across a land position of approximately
10,000 km2, in both the North and South Islands. The Company held a net cash
position of C$2.2 million at the end of Q1 2012 to fund exploration progress.


In the North Island, exploration efforts are focused on large epithermal gold
systems in the Hauraki Region, akin to the 10Moz gold equivalent Martha Hill
mine, (Newmont Mining).


In the Hauraki Region, Glass Earth Gold has identified and developed significant
ground positions around the active Martha Hill gold mine operations at Waihi.
The Newmont-Glass Earth Gold Waihi West JV (Newmont earning in) and Hauraki JV
(65/35), including drilling at the WKP discovery, are being actively explored
and managed by Newmont in collaboration with Glass Earth Gold. 


Glass Earth Gold has also defined several significant epithermal gold targets to
independently explore in this region, including the Muirs Reef project where
drilling is ongoing. A historical resource of 390,000 oz (non NI
43-101-compliant, at 1.5 g/t Au and cut-off grade of 0.5 g/t Au), as well as
recent drilling provided further encouragement with intersections of 2m of
38.4g/t gold and 49.2g/t silver.


In the South Island, exploration efforts are focused on the Otago Region, home
to OceanaGold's 7Moz Macraes Goldfield, for identification of mesothermal
"Macraes-style" gold targets and revenue generation through placer (alluvial)
gold production. 


Qualified Person

Mr Simon Henderson, MSc Geology (CODES), an AusIMM Chartered Professional under
the Discipline of Geology; is a Qualified Person as defined by National
Instrument 43-101 and an employee of the Company, has reviewed and approved the
technical information given in this press release.


For more information on Glass Earth Gold, please visit www.glassearthgold.com. 

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

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