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GGN News The Gabelli Global Gold, Natural Resources & Income Trust Declares Additional Distribution of $0.06 Per Share

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Global Gold, Natural Resources & Income Trust (Amex:GGN) declared an additional distribution of $0.06 per share payable on January 8, 2007 to shareholders of record on December 29, 2006.

This additional $0.06 per share distribution is being made to minimize any Federal excise tax on undistributed investment company taxable income. The distribution will be includable in 2006 income for shareholders subject to income tax. This raises the total distributions for the year to $1.74 per share.

Long-term capital gains, qualified dividend income, ordinary income, and paid-in capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. As of December 22, 2006, the date of this press release, the current distribution would include approximately 5% from net investment income and 95% from net capital gains. The estimated components of each distribution are provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2006 will be made after year-end. All shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2006 distributions in early 2007 via Form 1099-DIV.

The Gabelli Global Gold, Natural Resources & Income Trust is a non-diversified, closed-end management investment company with $429 million in total assets whose primary investment objective is to provide a high level of current income. The Fund invests primarily in equity securities of gold and natural resources companies and intends to earn income primarily through a strategy of writing (selling) covered call options on equity securities in its portfolio. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which is a publicly traded NYSE listed company.