On 11/16/2009, Global Gold Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Global Gold Corporation announced the first stage of approval of reserves for its Toukhmanuk expansion. The Republic of Armenia's State Natural Resources Agency issued its certificate based on the proposal of the Agency's State Geological Expert Commission made during its October 23, 2009 session. Total approved reserves in the C1 and C2 categories are roughly 35.614 tonnes (or 1,145,000 ounces) of gold and 107 tonnes (or 3,440,000 ounces) of silver. The revised estimates were based on the significant discovery at the Toukhmanuk Central Area (2.2 sq km) announced in October 2008; however, the entire Toukhmanuk license area is vastly larger, encompassing 53.76 sq km. Historical work and Global Gold's own exploration confirm mineralization beyond the Central Area. Historical state committee on reserves records indicated mineralization based on vein widths between 1 and 1.5 meters in veins 1 and 15; however, the discovery in October 2008 showed much wider veins and areas of mineralization in some areas. Based on the results from diamond drilling, test mining and surface sampling of the No. 1 and 15 mineralized areas, there are at least eighteen mineralized zones within a 150 m to 200 m wide east-northeast trending alteration zone in the Central Area of the property. These mineralized zones are 5 m to 25 m wide, extend more than 300 m along strike, and extend to more than 150 m at depth. Assay results of surface sampling show values ranging from 1 g/t Au to 280 g/t Au, and from 8 g/t to 520 g/t Ag. Gold mineralization is associated with sulphide minerals, in places as distinct veins within the wider alteration zone. To date, Global Gold has tested only approximately 20% of the mineralized trend in the Central Area, which is interpreted to extend to more than 1.5 km along strike. There are other similar target areas which have not yet been tested on the property, and additional exploration will be necessary. The Company is planning to expand production to 15,000 ounces per year in 2010 and then to an industrial production level of over 100,000 ounces per year.

Global Gold Corporation announced the closing of property transfers pursuant to an amendment of the October 29, 2007, Compania Minera Global Gold Valdivia S.C.M. joint venture (GGV). Global Gold entered into the amendment with members of the Quijano family on July 24, 2009. Under the original joint venture agreement, Global Gold held a 51% interest in the placer and hard rock gold claims in south central Chile, near Valdivia. The property consists of two large claim blocks identified as the Madre de Dios Claims Block and the Pureo Claims Block. According to the final terms of the amendment and property transfers closed on August 14, 2009, Global Gold retains 100% of the GGV entity and of its Pureo Claims Block which is approximately 8,200 hectares and the Quijano Family received 100% of the Madre de Dios Claims Block. GGV retains the Guadaloupe site which has been prepared for initial placer mining operations. The Quijano Family is also entitled to a 3% NSR royalty interest in all metals produced from the properties retained in GGV up to a maximum of 27 million Euros, subject to repayment of $200,000 to Global Gold.