VANCOUVER, BRITISH COLUMBIA, Mar 24, 2009 (Marketwire via COMTEX) —-G4G Resources Ltd. announces plans to complete a non-brokered private placement of up to $300,000 through the issuance of units priced at $0.06. Each unit would consist of one common share and one common share purchase warrant (a “Warrant”). Each Warrant would entitle the holder to acquire an additional common share of G4G at a price of $0.15 until the earlier of (i) 24 months following issuance; and (ii) in the event that the common shares of G4G trade at or above $0.50 per share for a period of 20 consecutive days. The private placement financing is subject to regulatory approval and all securities issued in connection with the private placement will be subject to a four-month regulatory hold period.

In connection with the private placement, eligible registrants shall receive a cash commission equal to 8% of the gross proceeds they raise as well as broker warrants entitling them to acquire such number of units as is equal to 10% of the total number of units they sell in the financing, at a price of 0.06 cents per unit for a period of two years.

G4G also announces that it has elected to terminate the previously announced joint venture with Teck Cominco (see press release dated March 31, 2008) for the development of minerals properties in Sweden.

Vancouver Private Placement and Vancouver Private Placement Memorandum