GLASS EARTH ANNOUNCES COMMENCEMENT OF AIRBORNE GEOPHYSICAL SURVEYS OVER
COROMANDEL CENTRAL VOLCANIC REGION IN NEW ZEALAND

Toronto, Canada, Wednesday, June 8, 2005. Glass Earth Limited ("Glass
Earth") wishes to announce the commencement of the largest
ultra-detailed airborne magnetic and airborne gravity surveys ever
carried out in New Zealand. The surveys are being carried out over key
areas of the Glass Earth prospecting permits covering the Coromandel
Central Volcanic Region ("CCVR") of the North Island, New Zealand. The
Coromandel Volcanic Region is the host to the 10 million ounce Waihi /
Martha Hill Mine owned by Newmont Mining, which is considered the "type"
epithermal gold deposit and the kind of epithermal gold deposit targeted
by Glass Earth

Airborne Geophysical Surveys

The majority of the Glass Earth prospecting permits are covered by a
layer of volcanic ash varying from several meters to tens of meters in
thickness. This layer of volcanic ash masks the terrane from
conventional exploration methods, requiring alternative exploration
methods to be utilized, namely airborne geophysics.

Based on the collection, compilation and modeling of all available
existing geological data over the CCVR, Glass Earth has identified 29
priority gold target areas that could potentially host large deposits of
epithermal gold mineralization. In order to identify drill targets
within these priority gold target areas, Glass Earth has commenced
flying two major airborne geophysical surveys:

*        A 40,000 line kilometer airborne magnetic survey currently
being carried out by U.T.S of Perth, Western Australia. The survey
commenced in March 2005 and is being conducted at 150 meter line
spacings at an elevation of 60 meters above ground level. U.T.S are
specialists in low level ultra-detailed aeromagnetic surveying, and
pioneered the use of fixed-wing agricultural aircraft for airborne
geophysical work.
*        A 6,000 line kilometer airborne gravity survey currently being
carried out by Bell Geospace Limited of Aberdeen, Scotland. This survey
commenced in April, 2005 and is being flown at 450 meter line spacings
at an elevation of 90 meters above the ground level.  Bell Geospace
Limited provides the only worldwide source of high quality full tensor
gravity gradient data using their airborne 3D Air FTGTM system.
The two ultra-detailed airborne geophysical surveys are designed to:
*        Provide data in sufficient detail that individual drill targets
can be located within the priority gold target areas
*        Add new targets in areas where previously there was poor data
coverage
*        Provide an order of magnitude increase in the available high
resolution magnetics in the CCVR
*        Provide the first ever detailed gravity data set in the CCVR
increasing the volume of data by two orders of magnitude.

The airborne geophysical programs are scheduled to be completed by the
end of June 2005.
This will be followed by the interpretation of the data and the
definition of drill targets during July and August 2005.

Qualified Persons

The Glass Earth exploration programs are carried out under the
supervision of Glass Earth's VP Exploration and Chief Operating Officer,
Mr. Simon Henderson, M.Sc, M.AUSIMM.     Mr. Henderson meets the
qualified person requirements (as defined by National Instrument 43-101)
with more than 30 years of experience in the gold mining and exploration
industry.

Glass Earth Limited is a New Zealand based gold exploration company
focused on exploring the Coromandel Central Volcanic Zone of the North
Island, New Zealand located on the infamous "Pacific Ring of Fire" which
is known to host exceptionally large epithermal deposits. These large
epithermal gold deposits are the target of Glass Earth's exploration
activities.

For further information about Glass Earth Limited, please visit the
Glass Earth's website at:

www.glassearthlimited.com

Or Contact:
E-mail investor@glassearthelimited.com