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January 11, 2006

TSX.V Symbol: GHG

GHG Resources Limited (the “Company”) announces that it has closed on its previously announced private placement and issued 550,000 units (the “Units”) at a price of $0.13 per Unit for gross proceeds of $71,500. Each Unit is comprised of one common share (“Share”) and one share purchase warrant. Each warrant entitles the holder to acquire one additional common share (“Warrant Share”) of the Issuer at a price of $0.15 per share for a period of one year from closing. The Shares and Warrant Shares are subject to a four month hold period expiring May 11, 2006. The funds raised from the private placement will be used for general working capital purposes. The Company will not be paying a finder’s fee in connection with the private placement as previously announced.

ON BEHALF OF THE BOARD

Sharon Lewis
Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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