ASX Release ASX : GRM

13 Manning Street PO BOX 3025 T: 61 (0) 7 3844 3999 South Brisbane South Brisbane BC F: 61 (0) 7 3844 4088 QLD 4101 AUSTRALIA QLD 4101 AUSTRALIA E: simon.finnis@grcl.com.au www.grcl.com.au

27th October 2011

Building a Turkish focussed exploration Company Drilling to commence in November.

Concentrating exploration efforts in one of the world’s most promising gold mining regions – Turkey – is the confirmed strategy for Global Resources Corporation Limited (GRM), following the Board’s recent redefining of future activities and GRM’s capital raising in September 2011.

Please see the attached presentation, to be delivered at the Mining 2011 conference today in Brisbane, and the following summary.

“The Board has recognised that a concentrated regional approach should deliver the best outcome for the Company. We have recognised that Turkey is one of the world’s most promising mining and exploration destinations and the country has become the largest European producer of gold, exceeding the combined production of the previous leaders Sweden and Bulgaria” said Simon Finnis, Managing Director of Global.

We consider that there is fabulous exploration potential in Turkey - it is situated on the Tethyan Porphyry/Epithermal belt - and has witnessed some wonderful recent discoveries, including the Kisladag and Çöpler gold discoveries (16.5 & 6.6 million ounces of gold respectively). Global will consolidate exploration focus in this country, starting with a maiden drilling programme at our Yunt Dag Project as soon as permitting allows. Drilling at our Aktarma Project will follow shortly thereafter.

The Company will initially concentrate on these two key projects in Turkey – the Yunt Dag Project and the Aktarma Project, both located in Western Turkey in a region with proven discoveries of Epithermal and Porphyry gold deposits.

Yunt Dag

Yunt Dag has been identified as a High-sulphidation Epithermal system that has the potential to host both epithermal and porphyry related deposits. Global has started the drill permitting process, which should see drilling within November this year.

Aktarma Project

Global’s first exploration priority will be the Aktarma Project. Aktarma is a low-sulphidation quartz epithermal vein project, which has the potential to deliver high-grade mineralisation. The veins have been identified over a strike length of some 1.8 kilometres. A Pole-dipole IP geophysical survey has recently been completed, with the dual aim of resolving more accurately those veins that have already been observed and identifying additional structures and anomalies under cover. Results from this survey are very encouraging and have been used to design the first pass drilling programme.

Permitting for an initial drill programme is in progress and drilling will commence following some initial drilling at Yunt Dag.

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13 Manning Street PO BOX 3025 T: 61 (0) 7 3844 3999 South Brisbane South Brisbane BC F: 61 (0) 7 3844 4088 QLD 4101 AUSTRALIA QLD 4101 AUSTRALIA E: simon.finnis@grcl.com.au www.grcl.com.au

Turkish move is soundly based.

The decision to concentrate on Turkey is justified by a number of key points:

• Turkey is one of the world’s most promising mining regions – there is a rich diversity of mineral deposits.

• Gold exploration and extraction in Turkey is now high on the agenda for an increasing number of exploration and mining companies from around the world, Australian companies included.

• There are thirty gold exploration and mining companies operating in Turkey, at least two thirds established by foreign investment. There are five operating gold mines with another three or five expected to be operational by 2012.

• Turkey is now Europe’s largest producer of gold, exceeding the combined production of Europe’s previous leaders, Sweden and Bulgaria.

• Increasing interest and activity has seen gold resources increase from 16 tonnes in the early 1990’s to 710 tonnes in 2009.

• The future of gold mining in Turkey looks bright with geological modelling revealing potential resources stocks could be as much as 6500 tonnes.

• Turkey is a secular democratic country, with a modern mining code and is showing itself to be politically stable. Turkey is an Associate member of the EC and has a GDP growth rate which is only currently being surpassed by that of China.

Highly encouraging outlook for Global.

GRM is confident that concentrating its exploration efforts in a region as prospective as Turkey will deliver superior value for shareholders as notable exploration results can be delivered relatively quickly in this burgeoning mining jurisdiction.

Progress reports will follow, with the next reporting scheduled for early in November 2011.

For further information please contact:

Simon Finnis T: +61 (0) 7 3844 3999 Managing Director, Global Resources Corporation Ltd E: simon.finnis@grcl.com.au

David Sasson T: +61 (0)411 468 966 Northfield Communications – FIRSt

Or visit our website www.grcl.com.au Competent Person’s Statement

The information in this ASX release that relates to Exploration Results is based on information compiled by Dr Alex Losada-Calderon, an Australian Geologist who is employed by TAE Resources, a company associated with him and retained by the Company to provide specialist geological services. Dr Losada-Calderon is a Member of AusIMM and has in excess of 5 years’ experience which is relevant to the styles of mineralisation and types of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Losada-Calderon consents to the inclusion in this ASX release of the matters based on this information in the form and context in which it appears.

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Mining 2011 October 27 2011 1

Exploring for Gold in Turkey

One of the world’s most promising mining destinations

Global Resources Corporation Limited

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Disclaimer

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CAUTIONARY STATEMENT AND DISCLAIMER

This presentation has been prepared by Global Resources Corporation Limited (GRCL) to explain its strategy and projects in Turkey. Some of the information presented herein is a professional opinion and is given in good faith.

Certain information contained in this presentation has been sourced from third parties, and as such has been referenced. Although GRCL has no reason to believe that it is inaccurate, it has not been independently audited or verified by GRCL. The reader is therefore urged to do their own research, and not rely solely on information provided by GRCL in this presentation.

All references are included on the final page of this presentation.

The information in this presentation that relates to Exploration Results in Turkey is based on information compiled by Dr Alex Losada-Calderon, an Australian Geologist who is employed by TAE Resources, a company associated with him and retained by the Company to provide specialist geological services. Dr Losada-Calderon is a Member of the AusIMM and has in excess of 5 years’ experience which is relevant to the styles of mineralisation and types of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Losada-Calderon consents to the inclusion in this presentation of the matters based on this information in the form and context in which it appears.

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Corporate Overview

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DIRECTORS/EXECUTIVES

Stephen Everett Non-Executive Chairman

Simon Finnis Managing Director

Michael Arnett Non-Executive Director

Barry Casson Finance Director/ Company Secretary

Dr Alex Losada-Calderon Exploration Manager – International

Brenda Hodgins Exploration Manager – Turkey

Catherine Allan Finance Manager

ASSETS

Turkey Projects

Yunt Dag (JV to acquire up to 60%)

Aktarma (100%)

Ispir (100%)

Mexico

El Rodeo (option to acquire 100%)

Australia

Significant portfolio of exploration tenements in Queensland.

PROFILE

Head Office 13 Manning Street, South Brisbane, QLD, 4101

Strategy

The Company's main focus is the evaluation and subsequent development of its portfolio of exploration assets in Turkey. GRM will aggressively explore its assets in Turkey while actively seeking other opportunities to enhance shareholder value.

Listed 9th October 2007

ASX DETAILS

ASX Code GRM

Shares on issue 378.5 million

Options (Listed and unlisted) 60.6 million

Market Capitalisation $4.3 million (at 1.1cps)

Share Price (52-week high/low) 9.9 cents / 0.9 cents

Cash at Bank $1.6 M - Post Capital Raising

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Company Strategy

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Accelerate and broaden exploration programmes in Turkey, particularly at Yunt Dag and Aktarma

Continue to search for advanced projects with potential for significant deposits in Turkey

Reviewing strategies to reduce ongoing costs of Mexican Asset

Several options on the table for restructure of Queensland Assets

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About Turkey

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Politics1

• Secular democracy since 1926

• Joined the UN in 1945, and NATO in 1952

• Assoc member of the European Community in 1964

• Stable Gov’t just elected for third term

Economy1

• Agriculture sector accounts for 30% of employment

• Increasingly driven by its industry and service sector

• Aggressive privatization program has reduced state involvement in basic industry

• GDP (2010) - $US958.3 billion; GDP Real Growth (2010) – 7.3%;

• GDP Composition: (Agriculture – 8.8%, Industry – 25.6%, Services – 65.6%)

Mining2

• Europe’s largest gold producer with five mines currently in production

• Three more gold mines expected to be producing by the end of 2012

• In 2008, Turkish mining exports grew by 5.26 per cent in terms of quantity

• Value grew 19.33% reaching US$3.24 billion

• 20% Corporate Tax, 2% Royalty and VAT, fully refundable

• Modern mining law

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Mining in Turkey

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“Turkey now ranks as one of the world's most promising and dynamic mining destinations, with an increasing number of local and foreign players taking an active role in the market”2

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Exploration and Resource Stage • Kestanelik – Chesser Resources

LSE Gold4

• Halilaga – Pilot Gold/Teck JV

Cu:Au Porphyry HD01 – 298m @ 0.5g/t

Au & 0.53% Cu5

• Yenipazar – Aldridge Minerals

25Mt @ 1.09g/t Au, 32.8g/t Ag, 0.32% Cu, 1.12% Pb & 1.47% Zn6

Under Development • Agi Dagi – Alamos Gold 88.5Mt @ 1.0 g/t Au for 2.85M ounces. 7

Operating Gold Mines • Ovacik – Koza Altin

• Copler – Alacer

125Mt @1.5g/t Au & 4g/t Ag. 8

• Efemcukuru – Eldorado

Resource 2M ounces at 8.8/t Au LSE 9

• Kisladag – Eldorado

Resource 16.5M ounces at 0.6/t Au - porphyry.9

Global Projects in Turkey

* All references on final page

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Yunt Dag – Western Turkey

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Overview • 35km south east of the Ovacik Gold Mine

and 50km north of Izmir City

• Three exploration stage licenses totalling 4,276ha (GRC investigating securing rights to further tenements to the south)

• Three gold mines are currently in production in the near vicinity – Ovacik, Kisladag and Efemcukuru

• This is the most advanced GRCL project, with several drill ready targets

Next Steps • Reprocess geophysical data – done

• Finalise permitting of drilling programme (underway)

• Drill the best targets. We will test both the HSE and porphyry potential Likely to be 1,500m of diamond drilling

• Scheduled to occur in late November 2011

View of Yunt Dag Project – an easily accessible exploration terrain

Yunt Dag provides the potential for a High Sulphidation Epithermal gold deposits and deeper porphyry system

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Yunt Dag - IP and Drilling

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Tenement boundary Au Anomaly

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Aktarma – Excellent Potential

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Overview • Located 100km north-east of Ovacik Mine

• Very similar mineralisation to Ovacik

• Property comprises six exploration stage licenses totalling 6,590ha

• Excellent potential for Low Sulphidation Epithermal gold deposit

• Gold bearing structure identified over 1.5km strike

Next Steps • Pole dipole IP survey to further delineate the

structure prior to first pass drilling (complete)

• Plan drill program , (complete) approx 1,500m of diamond drilling in first pass

• Wider geophysical surveys to identify extensions, along strike and in parallel structures

• Drilling after Yunt Dag

Regional View of Aktarma Property Looking from Western Grid To Ovacik Village

Aktarma has potential for Low Sulphidation Epithermal gold systems

Regional view of Aktarma Project – Gold structures identified over 1.5km strike length

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Aktarma – D IP Model 3 F

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Aktarma – Extensive Vein System

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Ispir – Potential Bulk Tonnage Target

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Ispir is a grass roots exploration prospect with:

• Clearly defined target areas

• A potential High Sulphidation Epithermal gold deposit

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Ispir- A Porphyry/HSE System

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Summary

• The property is north of a known porphyry – Ulutas

• GRC will bid to acquire Ulutas in Gov’t auction scheduled for March 2012

• Previous soil and rock chip sampling in the area and compilation of data on Ulutas

• The area shows a very interesting HSE system alteration with some good geochemical anomalies (Cu, Mo and Au).

• The porphyry system that has been the driver for this alteration was poorly explored and drilled in the core of the system (early 70’s) where lower metals values are prevalent.

• No assays for gold and no further work has been done since then

Next Steps

• Data compilation

• Detailed mapping and geochem

• Look to acquire the tenements containing Ulutas and other targets to the south

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Value Proposition

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Three highly prospective projects situated in a world class epithermal/porphyry belt

Early mover advantage in emerging gold producing country

Prime assets in Turkey - an emerging economic and mining powerhouse

Drilling commencing on two substantial targets in 2011

Market Cap – the only way is up

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16

Global Resources Corporation Limited ACN 122 162 396

First Floor 13 Manning Street

SOUTH BRISBANE QLD 4101 PO Box 3025, SOUTH BRISBANE BC, QLD, 4101

AUSTRLAIA

P: 61 (0) 7 3844 3999 F: 61 (0) 7 3844 4088 W. www.grcl.com.au

E: simon.finnis@grcl.com.au

Thank you

Visit Global at

Booth 16 www.grcl.com.au

ASX : GRM References for Slide 5 1. The World Fact book – CIA - https://www.cia.gov/library/publications/the-

world-factbook/geos/tu.html 2. http://www.mining-journal.com/supplements/mj-turkey-supplement-1010

References for Slide 6 3. Austrade – http://www.austrade.gov.au/Mining-to-Turkey/

References for Slide 7 4. http://www.chesserresources.com.au/ 5. http://www.pilotgold.com/ 6. http://www.aldridge.com.tr/ 7. http://www.alamosgold.com 8. http://www.alacergold.com/ 9. http://www.eldoradogold.com/

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