MILESTONES

2008

• September: Otago reconnaissance drilling campaign moves on to
  SheepWash prospect, 4km south of Macraes Gold Mine (OGL)
  
• August: drilling commences at Muirs Reef, Mamaku Region - 10 diamond
  drill hole campaign planned - results of 1st hole 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
  

2004

• May: Geoinformatics targeting completed
  
• January: Capital raised (NZ$800,000)
  

2003

• December: Geoinformatics data intervention commenced
  
• March-Dec: Key public domain data identified
  

2002

• October: Prospecting permit application 39-241
  
• September: Company formed