TSX Completes Review of Global Alumina



    TORONTO, June 22 /CNW/ -- Global Alumina Corporation (the "Company")
(TSX: GLA.U) announced today that the Toronto Stock Exchange (the "TSX") has
completed its review of the common shares of the Company and determined that
the Company satisfies the TSX's continued listing requirements.
    On March 27, 2007 the TSX announced it would review the common shares of
the Company with respect to meeting the continued listing requirements based
on the Company's financial condition prior to the completion of the joint
venture to develop and operate an alumina refinery in the Republic of Guinea
on May 17, 2007.
    On June 21, 2007, the Listings Committee of the TSX determined, based on
current financial information of the Company, that the common shares of the
Company meet the continued listing requirements of the TSX.  The TSX notified
the market of its decision after the market closed yesterday.
    Additional information on the joint venture is contained in material
change reports filed on April 5, 2007 and May 7, 2007 which are available on
the Company's reference page at http://www.sedar.com.

    
    About Global Alumina
    
    Global Alumina and its joint venture partners are developing a three
million tonnes per annum alumina refinery located in the bauxite-rich region
of the Republic of Guinea.  Its joint venture partners are BHP Billiton, Dubai
Aluminium Company Limited and Mubadala Development Company PJSC.  The join
venture's refinery project is one of the most advanced new projects in Guinea
with the refinery already in feasibility stage and critical path
infrastructure and site work already underway.  Global Alumina is positioned
to be one of the only companies focused solely on alumina production and
sales.  The company offers a first mover advantage over other projects in the
region and an opportunity for socially responsible investing in a country that
holds over one-third of the world's bauxite resources.  Global Alumina is
headquartered in Saint John, New Brunswick with operations in Boke, Guinea and
has administrative offices in New York, London, Montreal and Conakry, Guinea.
For further information visit the company's website at
http://www.globalalumina.com.

    
    Forward Looking Information
    
    Certain information in this release is "forward looking information",
which reflects management's expectations regarding the Company's future
growth, results of operations, performance and business prospects and
opportunities.  In this release, the words "may", "would", "could", "should",
"will", "intend", "plan", "anticipate", "believe", "seek", "propose",
"estimate" and "expect" and similar expressions, as they relate to the
Company, are often, but not always, used to identify forward looking
information.  Such forward looking information reflects management's current
beliefs and is based on information currently available to management. Forward
looking information involves significant risks and uncertainties, should not
be read as a guarantee of future performance or results, and will not
necessarily be accurate indications of whether or not or the times at, or by
which, such performance or results will be achieved.  Such forward looking
information includes: the ability of the Company to satisfy the conditions
precedent in respect of the three deferred installments of the subscription
price under the subscription agreement; future production levels of the
refinery project; the amount, nature and timing of capital expenditures; the
timing of refinery construction and mine start up; expectations regarding the
financing of the alumina refinery project and associated infrastructure and
the sources of financing; prices for alumina and aluminum; operation and other
costs; and business strategies and plans of management.  A number of factors
could cause actual results to differ materially from the results discussed in
the forward looking information, including, but not limited to: a failure by
the Company or its subsidiaries to complete the conditions precedent to the
subsequent installments under the subscription agreement and the Company's
inability to negotiate alternative transactions; the current political unrest
in the Republic of Guinea and the political and economic risks of investing in
a developing country; the failure of the shareholders to approve plans for the
development of the refinery project after completion of a feasibility study no
later than December 31, 2007; construction risks such as cost overruns, delays
and shortages of labour, materials and equipment; the Company's dependence on
an interest in a single mining property; the possible forfeiture of the Mining
Concession (as defined in the Company's Annual Information Form dated March
29, 2007) in certain circumstances; operational risks such as access to
infrastructure and skilled labour; price volatility of alumina, aluminum or
raw materials; and all other factors discussed under the heading "Risk
Factors" in the Company's Annual Information Form.  Although the forward
looking information contained in this release is based upon what management of
the Company believes are reasonable assumptions, the Company cannot assure
investors that actual results will be consistent with this forward looking
information.  If the assumptions underlying forward looking information prove
incorrect or if more of the risks or uncertainties materialize, actual results
may vary materially from those described in this release as intended, planned,
anticipated, believed, estimated or expected.  This forward looking
information is made as of the date of this release, and the Company assumes no
obligation to update or revise it to reflect new events or circumstances.





For further information:

For further information: Michael Cella of Global Alumina,
+1-212-351-0010,  cella@globalalumina.com; or Barbara Cano of Breakstone
Group,  +1-646-452-2334, bcano@breakstone-group.com, for Global Alumina
Corporation Web Site: http://www.globalalumina.com                 
http://www.sedar.com

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Global Alumina Corporation

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