milestones

MILESTONES

2010

2009

December: GEGL's first Mining permit (McAdie's) granted, and mining
begins.
September: GEGL applies for two mining permits in Otago
July: Detailed ground magnetics surveys commence over placer
(alluvial) and hard-rock prospects in Otago
May: Two further EP applications for placer (alluvial) exploration.
February: GEGL begins drilling of its placer prospects in Otago
February: GEGL applies for first exploration permit focussed on placer
(alluvial) resources.

2008

December: GEGL restructures to 'weather the storm' of the global credit
crisis. Part of the plan is a shift to begin placer mining as a source of
funds
September: Otago reconnaissance drilling campaign moves on to
SheepWash prospect, 4km south of Macraes Gold Mine (OGL)
August: diamond drilling commences at Muirs Reef, Mamaku Region -
results indicate high level epithermal gold system to 75m depth
(unconstrained)
August: Otago drilling moves to Gold & Pine
July: drilling by JV partner Newmont at Komata prospect, Hauraki Region
June: changes in Glass Earth shareholding: new spread of
shareholders, with a stronger Southern Hemisphere base
June: drilling commences in the Otago Region: 1st prospect,
SparrowHawk, 2 drillholes provide valuable stratigraphic information
May: Glass Earth executive changes: Simon Henderson appointed as
President and CEO, and John Dow accepts position of non-executive
Chairman
April: E-SCAN® survey undertaken over Horohoro target (CVR)
February: E-SCAN® survey completed over Pukemoremore (CVR)
January: Glass Earth raises C$5M (NZ$6.3M) by private placement, to
fund drilling of targets in the CVR and ground exploration in the Otago
Region - and Glass Earth changes its name to Glass Earth Gold Limited

2007

November: on-ground exploration commences in Otago Region
October: test-drilling at Ohakuri (CVR) - 2 drill holes
September: NZ Minerals Joint Venture over Otago Region PP 39320
(Glass Earth farm-in)
August: Otago airborne survey flying complete: 50,000 line kms /
13,000 sq kms flown to collect state of the art EM and magnetic data
June - September: GEL implements new generation 3D E-SCAN®
resistivity surveying technology over 4 targets in the CVR and Mamaku
Region (Ohakuri, Tahunaatara, Gibraltar and Otawa)
February: GEL / Newmont Waihi Gold Joint Venture over Glass Earth's
entire Hauraki Region permit area
January: Otago airborne geophysics campaign begins

2006

December: The largest gold prospecting permit in NZ (PP 39 322) is
granted to Glass Earth, covering 17,980 sq km of the Otago region,
South Island
November: GEL recommences drilling at Tahunaatara
October: $10M New Zealand share offer closes fully subscribed and
GEL lists on the NZAX. (symbol NZAX:GEL) GEL subsequently joins
the NZX Sci-Tech Index
June: Further CA$1.5 million raised to fund exploration programme -
Glass Earth's first drill hole at Tahunaatara intersects a new large
epithermal gold system
May: Drilling commenced in the Central Volcanic Region
April: GEL / Newmont Waihi Gold Joint Venture over Waihi West permit
March: Acquisition of HPD(NZ) Ltd completed

2005

October: Detailed examination of high priority targets begins
August: Airborne geophysical programmes completed over the
Central Volcanic Region (gravity, mag & radiometrics)
April: Trading commenced on 7 April 2005 on Toronto Stock Exchange -
Venture under trading symbol "TSX-V:GEL"
March: Raised C$2.8 million to fund exploration programmes
March: Glass Earth Limited completed Reverse Take Over of TSX
Venture Listed BC Report Magazine Limited