AFC Avenue Financial (Tier2)

G4G Resources Ltd. (TSX VENTURE:GXG) ("G4G", "the Company") announced today that
as of December 7, 2010, it has completed the dissolution of its wholly owned
subsidiary, Alternative Fuels Corporation ("AFC"). AFC has no property to
distribute among its shareholders and there are no proceedings pending in any
court against AFC.


G4G first announced its planned dissolution of Alternative Fuels Corporation in
its 2010 second quarter financial statements and Management Discussion &
Analysis, after AFC had assigned all of its rights and interests in its
Sarnia-Lambton synthetic fuels project, which was developed by AFC, to AlterNRG
Ltd., allowing G4G to earn a 1% royalty on future electricity sales up to
$2,000,000. G4G made the decision to dissolve AFC to focus on the development of
its iron sands projects.


This dissolution will have minimal impact on G4G's consolidated financial
statements for the year ending December 31, 2010.


About G4G Resources Ltd.

G4G Resources Ltd. is a Canadian-based mineral exploration and development
company focused on a number of low cost iron ore projects.


G4G's latest corporate presentation can be viewed at www.g4gresources.com.

Forward-Looking Statement

This document may contain or refer to forward-looking information based on
current expectations, including, but not limited to timing of mineral resource
estimates, future exploration or project development programs and the impact on
the Company of these events. Forward-looking information is subject to
significant risks and uncertainties, as actual results may differ materially
from forecasted results. Forward-looking information is provided as of the date
hereof and we assume no responsibility to update or revise them to reflect new
events or circumstances, except as required under securities laws. For a
detailed list of risks and uncertainties, as it relates to G4G Resources Ltd.,
please refer to the Company's 2009 year end audited financial statements filed
with SEDAR on April 30, 2010.


Should you wish to receive Company news via email, please email
ir@g4gresources.com and specify "G4G News" in the subject line.

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