Glass Earth Gold Limited (TSX VENTURE:GEL)(NZAX:GEL) ("Glass Earth Gold") is
pleased to announce results from ongoing drilling at its 100% owned Muirs Reef
Gold Prospect in New Zealand. 


Highlights of Massey Reef Drilling:



--  Successfully intersecting gold bearing quartz reef along strike and down
    plunge of previous trenching and old mine workings, and extending the
    reef northwards 40m and remaining open to the north. 
    
--  MSDDH 11 reports 12m at 1.1 g/t Au and 0.5 g/t Ag from 7m down hole. 
    
--  MSDDH 10 reports mineralisation extending from surface with an
    intersection of 78m at 0.52 gm/t Au and 0.5 g/t Ag from 6m. 



Simon Henderson, the Company's CEO and President, commented that "the continuity
of quartz veining is encouraging, as is the confirmation of broad widths of
lower grade material from surface; the on-going programme will test the southern
extensions of the quartz vein system mapped out over 600m from surface
out-cropping quartz veins"


The results (shown in Table 1) are a continuation of drilling planned to
identify gold resources in an area known as Massey Reef, defining extensions to
the known reef system both along strike north and south, and at depth. The Muirs
Reef project contains a historical non-compliant resource of 390,000 oz at 1.5
g/t Au and cut-off grade of 0.5 g/t Au). The current programme will continue
through 2012, and if successful is expected to produce data of sufficient
density to model a gold resource to NI 43-101 standard.


Drilling on the seventh of proposed 17 drill-holes is well advanced, at the time
of writing the MSDDH 13 had intersected extensive quartz veining which was
causing drill problems. 




Table 1: Current drilling results at Massey Reef, Muirs Project             
----------------------------------------------------------------------------
   HOLE ID              FROM(m)   TO(m)   INTERVAL(m)   Au(g/t)   Ag(g/t)   
----------------------------------------------------------------------------
   MSDDH010                   6      84            78      0.52       0.5   
----------------------------------------------------------------------------
   MSDDH011                   7      19            12      1.12       0.5   
----------------------------------------------------------------------------
   MSDDH011                  30      32             2       1.1       0.7   
----------------------------------------------------------------------------
   MSDDH011                  56      58             2       3.8       2.6   
----------------------------------------------------------------------------
   MSDDH011                  85      89             4      1.14       0.5   
----------------------------------------------------------------------------
   MSDDH012                   8      11             3      2.66         1   
----------------------------------------------------------------------------
   MSDDH012                  28      37             9      0.88       0.7   
----------------------------------------------------------------------------
   MSDDH012                  98   116.3          18.3       1.3         2   
----------------------------------------------------------------------------



To view drillhole locations, please go to:
http://www.glassearthgold.com/i/maps/Muirs-Picture_NR_May31_2012.JPG.


Table 2 repeats earlier drill results (March 2012) confirming similar widths and
grade of mineralisation, with the exception of the high grade intercept in MSDDH
9.




Table 2: Previous drilling results at Massey Reef, Muirs Project (March     
2012)                                                                       
----------------------------------------------------------------------------
   HOLE ID              FROM(m)   TO(m)   INTERVAL(m)    Au g/t    Ag g/t   
----------------------------------------------------------------------------
   MSDDH 08                  22      39            17      1.71       1.8   
----------------------------------------------------------------------------
   MSDDH 09                  12      14             2      2.50       1.2   
----------------------------------------------------------------------------
   MSDDH 09                  48      50             2      38.4      49.2   
----------------------------------------------------------------------------
   MSDDH 09                  85     103            18      0.78       0.9   
----------------------------------------------------------------------------



The Massey Reef drilling programme follows completion of trenching last year
that included significant surface results (reported in July and November 2011
respectively):




--  MSTR 06 24m of 5.7g/t gold and 1.9g/t silver 
--  MSTR 13 10m of 3.1g/t gold and 1.7g/t silver 



Muirs Reef Gold Project

The Company's Muirs Reef Gold Prospect lies 65 km southeast of the Martha Mine
(Newmont Mining, 10 million ounce gold deposit) at the southern end of the
Hauraki Goldfield. Two quartz reefs were mined within this epithermal system
until the 1930s, with over 43,000 oz of gold extracted from shallow surface and
underground workings.


Massey Reef is part of the historical Muirs Reef gold mining area. Recent
significant surface trenching results in outcropping and sub-cropping quartz
veins are shown in Table 3. Trenching has demonstrated a 650m strike length of
the surface mineralization, ample dimension to potentially host a significant
gold resource.


The current drilling programme is designed to identify the depth and strike
extent of near surface gold mineralization and identify any further
mineralization adjacent to known veins.


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.


About Glass Earth Gold

Glass Earth Gold is one of New Zealand's largest gold exploration companies,
with its experienced geological team exploring promising gold prospects across a
land position of approximately 10,000 square kilometres, in both the North and
South Islands. The Company held a net cash position of C$1.7 M 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, host to the 10 million ounce Martha Hill mine,
(Newmont Mining).


In the Hauraki Region Glass Earth Gold has identified and developed significant
ground positions around Newmont Mining's currently active Martha gold 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, is being actively
explored and managed by Newmont in concert 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.
Containing 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), further drilling is being undertaken to
prove up the resource.


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


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