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May 1, 2006

GHG Resources Limited (“the Company”) announces that further to the news release of April 11, 2005, the Company will be increasing the size of its proposed private placement from 6,000,000 units (the AUnits@) at a price of $0.15 per unit to 10,000,000 units at $0.15 to raise an aggregate of $1,500,000 on the same terms and conditions as previously announced.

ON BEHALF OF THE BOARD

AChristopher Fung@
Director

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

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