Global Gold Co. Names Ian Hague to the Board of Directors

Global Gold Corporation Names Ian Hague as a Member of the Board of Directors

Business Wire
Jan 20, 2005

Global Gold Corporation (OTCBB: GBGD) announced today the appointment
of Ian Hague as a non-executive member of the board of directors of
Global Gold Corporation. He joins Nicholas Aynilian, Drury
J. Gallagher, Van Krikorian and Michael T. Mason on Global Gold’s
board.

Commenting on the new appointment, Global Gold’s Chairman/CEO Drury J.
Gallagher said: “We are pleased to have Ian Hague join us as a member
of our board. His international experience and focus on the former
Soviet Union will be a major contribution to the success of Global
Gold Corporation.”

Ian Hague is a co-founder of Firebird Management, LLC –
Firebird manages over $850 million in seven funds dedicated to equity
investments in Russia, Eastern Europe and Central Asia. Mr. Hague is a
leading expert on Russian politics and investments and has published
numerous articles and given dozens of presentations over the years. He
is a graduate (BA) of Wesleyan University (1983), and has a Masters
Degree in International Policy Studies from the Monterey Institute of
International Studies and has done graduate work at Columbia
University’s Harriman Institute. Ian is co-lead manager of Firebird
Fund LP, Firebird New Russia Fund, Firebird Republics Fund, and
Firebird Avrora Fund. Mr. Hague serves as a member of the Supervisory
Board of the Bank of Georgia and the Board of Directors of Amber
Trust, a private equity fund specializing in companies in the Baltic
States.

Global Gold Corporation is an international mining company whose
strategic focus is the acquisition, development, exploration and
operation of gold mining properties. Global Gold has acquired and is
developing projects in Armenia and Chile. The company headquarters are
located at 104 Field Point Road, Greenwich, CT 06830; additional
information can be found at

To the extent that statements in this press release are not strictly
historical, including statements as to revenue projections, business
strategy, outlook, objectives, future milestones, plans, intentions,
goals, future financial conditions, future collaboration agreements,
the success of the Company’s development, events conditioned on
stockholder or other approval, or otherwise as to future events, such
statements are forward-looking, and are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. The forward-looking statements contained in this release are
subject to certain risks and uncertainties that could cause actual
results to differ materially from the statements made.Global Gold
Corporation Drury J. Gallagher, 203-422-2300 [email protected]

www.fbird.com.
www.globalgoldcorp.com.