GGL Resources Corp.: Letter to Shareholders, Year ended November 30, 2011

Raymond A. Hrkac, President and CEO of GGL Resources Corp. (TSX VENTURE:GGL),
reports to the shareholders for the year ended November 30, 2011.


The Company's mineral properties have moved beyond the highest risk grass-roots
stage of exploration to the discovery and drilling stage. Exploration drilling
success is the stage that has the greatest positive impact on share values. We
have reached that point for McConnell, for which an NI 43-101 Report is planned,
and on the Providence Greenstone Belt ("PGB") where three of our gold
properties, two of our VMS properties and two of our diamond targets are ready
to drill. Our aim is to drill at least two of the PGB targets this year, one
gold target and one VMS target. Success on any one of these properties may
transform the Company.


We have been able to stake, maintain, and explore our property assets because of
the financing and support we have received from our shareholders. It is time now
for the Company to refinance, and to consider joint venturing some or all of our
holdings. Each alternative has its benefits or drawbacks for our shareholders.
We have diligently pursued all these possibilities. Many discussions for
financing have involved a consolidation of shares, something we have been
reluctant to do, as with the share holdings of our larger shareholders alone
there is much less free-trading stock compared to the amount of our current
issued capital. As stated above, we are at a point where new financing may bring
the success all our loyal and patient shareholders have been waiting for. Joint
ventures involve diluting the interest in our mineral holdings, which may well
be acceptable depending on the terms and the ability of the incoming group to
add value to our assets. 


Finally, we are looking at the possibility of restructuring the Company, perhaps
by placing some of our mineral assets into new subsidiaries that may be better
able to finance future exploration while maintaining value for the Company and
its shareholders. 


Our preference is to obtain financing to drill our properties. However, our
directors will carefully consider all alternatives.


This past August we were saddened to hear that Marvin Gustafson, of Prince
George, BC passed away. Marvin was an early and loyal shareholder, with
connections to the two prospectors that discovered the McConnell Creek Property.
Marvin always participated in our financings and would come by the office every
year. We will miss him and the connection to our beginnings.


I wish to thank our directors, consultants and advisors for their work on behalf
of the shareholders. I look forward to providing further updates and positive
news to our shareholders and thank you for your loyal support during these
challenging times.


Please go to our website www.gglresourcescorp.com or SEDAR and read the property
updates in the MD&A.


GGL RESOURCES CORP.

Raymond A. Hrkac, President and Chief Executive Officer

Forward-Looking Information: This news release contains "forward-looking
statements" and the cautions regarding such statements apply.

GGL Resources (TSXV:GGL)
過去株価チャート
から 5 2024 まで 6 2024