GFG GFG Resources Inc

egX Group (TSX VENTURE:GFG) today announced that it has closed 8,799,982 units
of a non-brokered private placement of the Company at a price of $0.15 per unit
for gross proceeds of $1,319,997. Each unit consists of one common share and one
non-transferable share purchase warrant entitling the holder to purchase one
additional common share of the Company at a price of $0.25 per share for a
period of 12 months from the date of closing, subject to acceleration on the
occurrence of certain events. The proceeds of the private placement will be used
for the continuing deployment of egX Canada and ongoing operations.


The Company paid commissions of $104,020 and issued 711,466 compensation options
on the private placement. Each option permits the holder to acquire one common
share in the Company at a price of $0.15 per share for a period of 12 months
from the date of closing. All securities issued in the private placement are
subject to a hold period ending on October 30, 2008.


The Company also settled a total of $143,060.84 in debt through the issuance of
956,738 shares. These securities are subject to a hold period ending October 30,
2008.


About egX Group

egX Group is developing the egX, a global securities marketplace designed for
the listing and trading of real estate and related financial products. The
Company is preparing to launch its first marketplace in Canada under egX Canada,
a wholly-owned subsidiary of egX Group. To achieve global presence and to
penetrate international markets under the egX brand, egX Group is partnering
with interested parties established in the key international financial centers
in Europe, the Middle East, the Asia-Pacific region, and the Americas.
Additional information, including the Company's business plan is made available
at www.egXWorld.com.

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