March 24, 2006
NOT FOR DISSEMINATION TO US NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
GGL DIAMOND CORP. GRANTS STOCK OPTIONS
GGL Diamond Corp. (the “Company”) announces that on March 23, 2006 it granted stock options under its 10% rolling Stock Option Plan to directors, executive officers, employees and consultants, to purchase a total of 860,000 common shares at $0.20 per share exercisable until March 23, 2011. The stock options were granted based on the recommendation of the Company’s Compensation Committee subject to the terms and conditions of the Stock Option Plan. They are subject to acceptance for filing by the TSX Venture Exchange.
To find out more about GGL Diamond Corp. (TSX-V:GGL) visit our website at www.ggldiamond.com .
GGL DIAMOND CORP.
Per: “ Nick DeMare”
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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 under 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 state securities laws or an exemption from such registration is available.
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.