Glass Earth Gold Limited (TSX VENTURE:GEL)(NZAX:GEL) ("Glass Earth") today
announces that it has closed the second tranche of its previously announced
non-brokered Private Placement. A total of 3,343,750 Units have been sold at a
price of $0.16 per unit for gross proceeds of C$535,000.  


Each Unit consists of one common share and one common share purchase Warrant.
Each whole Warrant entitles the holder to purchase one common share at a price
of C$0.25 per share, exercisable for a period of 24 months from the date of
issuance. 


In connection with the closing of the second tranche, Glass Earth has paid cash
finders' fees of $23,450 and issued 146,562 non-transferable finders' warrants,
each entitling the holder to purchase one common at a price of C$0.25 for a
period of 24 months from the date of issuance.


All the above securities issued pursuant to the private placement are subject to
a hold period and may not be traded until April 29, 2013.


The Company anticipates closing a final tranche shortly as Unit Subscription
agreements for a further C$274,000 (1,712,500 Units) have been received and are
being processed. 


Total gross proceeds of all tranches are expected to be C$3.76m. 

The proceeds of this private placement are to advance the delineation and
development of the Neavesville and WKP projects in the Hauraki region of New
Zealand. 


About Glass Earth Gold Limited 

Glass Earth Gold is one of New Zealand's most active 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 both the North and South Islands. 


In the North Island, exploration efforts are focused on large epithermal gold
systems in the Hauraki Region, akin to the 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
also intends to progress activities at the newly announced Neavesville prospect.


Glass Earth Gold has also defined several significant epithermal gold targets to
independently explore in this region, including the Muirs Reef Gold project. 


In the South Island, exploration efforts are focused on the Otago Region, home
to OceanaGold's 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.

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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Glass Earth Gold Limited
Simon Henderson
President and Chief Executive Officer
+64 4 903 4980
info@glassearthgold.com
www.glassearthgold.com


CHF Investor Relations
Jeanny So
Director of Operations
+1 416 868 1079 x 225
jeanny@chfir.com
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