Press Release
NEWS RELEASE
January 7, 2009
License Agreement with Kennecott
Vancouver, British Columbia - GGL Diamond Corp. (TSXV: GGL) (“GGL”), has
signed a non-exclusive License Agreement with Kennecott Canada Exploration Inc.
(“Kennecott”) for the use of a data set (“Data”) compiled by GGL, primarily for diamond
exploration, for the Slave Geological Province.
In consideration for the grant of the rights and license in respect of the Data, Kennecott
has paid to GGL a license fee of $100,000. In addition, Kennecott has paid a further
sum of $50,000 to GGL for which GGL will provide 500 hours of technical support for up
to eighteen months from the date of the signing of the agreement.
Since 1992 GGL has compiled a proprietary data set comprising exploration work and
the results obtained in the Slave Geological Province by GGL and by third parties.
Such data has been reconciled to a standard format. GGL has also developed a
proprietary software program to utilize the data.
GGL DIAMOND CORP.
“Raymond A. Hrkac”
Raymond A. Hrkac
President & CEO
Please direct enquires to info@ggldiamond.ca.
For more information, please check our web site at www.ggldiamond.ca. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy of this release.