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Message: GGL Diamond Corp.: Annual General Meeting Elects Five Directors

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GGL Diamond Corp.: Annual General Meeting Elects Five Directors

posted on May 26, 08 11:27AM

GGL Diamond Corp.: Annual General Meeting Elects Five Directors

VANCOUVER, BRITISH COLUMBIA, May 26, 2008 (Marketwire via COMTEX News Network) --

Raymond A. Hrkac, President and CEO of GGL Diamond Corp. (TSX VENTURE:GGL) is pleased to announce that shareholders approved the election of directors at the Annual General Meeting of the Company in Vancouver, British Columbia, on May 23, 2008.

Returning directors are William Boden, Graham Eacott, Nick DeMare, Raymond A. Hrkac, and William Meyer.

Shareholders also voted in favor of the appointment of D + H Group LLP as auditors of the Company for the ensuing year and approved the annual ratification of the Company's 10% rolling stock option plan.

Mr. Hrkac also made a presentation to the meeting, which provided an update on the status of the Company's exploration plans for 2008 and beyond. This presentation will be placed on the web site.

At a directors' meeting held subsequent to the AGM, Mr. Raymond Hrkac was appointed President and CEO; Mr. Nick DeMare was appointed CFO.

Based on the recommendation of the Board's Compensation Committee, directors approved the awarding of 3,450,000 options at an exercise price of $0.20 per share exercisable until May 23, 2013. The options were granted to directors, officers, and consultants of the Company.

GGL DIAMOND CORP.

Raymond A. Hrkac, President & CEO

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered in the United States Securities Act of 1933, as amended (the "US Securities Act") or any state securities laws and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable securities laws or an exemption from such registration is available.

SOURCE: GGL Diamond Corp.

GGL Diamond Corp. Linda Knight (604) 688-0546 or Toll Free: 1-866-688-0546 (604) 688-0378 (FAX) Email: info@ggldiamond.ca Website: www.ggldiamond.ca

Copyright (C) 2008 Marketwire. All rights reserved.

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