Gamco Global Gold, Natural Resources & Income Trust by Gabelli Continues Monthly Distributions, Declaring Distributions of $0.12

  Gamco Global Gold, Natural Resources & Income Trust by Gabelli Continues
  Monthly Distributions, Declaring Distributions of $0.12 Per Share

Business Wire

RYE, N.Y. -- November 19, 2012

The Board of Trustees of the GAMCO Global Gold, Natural Resources & Income
Trust by GABELLI (NYSE MKT:GGN) (the “Fund”) approved the continuation of its
policy of paying monthly cash distributions. The Board of Trustees declared
cash distributions of $0.12 per common share for each of January, February,
and March 2013.

The distribution for January 2013 will be payable on January 24, 2013 to
common shareholders of record on January 16, 2013.

The distribution for February 2013 will be payable on February 21, 2013 to
common shareholders of record on February 13, 2013.

The distribution for March 2013 will be payable on March 21, 2013 to common
shareholders of record on March 14, 2013.

Each quarter, the Board of Trustees reviews the amount of any potential
distribution from the income, capital gain, or capital available. The Board of
Trustees will continue to monitor the Fund’s distribution level, taking into
consideration the Fund’s net asset value and the financial market environment.
The distribution rate should not be considered the dividend yield or total
return on an investment in the Fund.

The Fund currently intends to make monthly cash distributions of all or a
portion of its investment company taxable income (which includes ordinary
income and realized net short-term capital gains) to common shareholders. The
Fund also intends to make annual distributions of its realized net long-term
capital gains, if any. A portion of the distribution may be a return of
capital. Various factors will affect the level of the Fund’s income, such as
its asset mix and use of covered call strategies. To permit the Fund to
maintain more stable distributions, the Fund may from time to time distribute
more or less than the entire amount of income earned in a particular period.
Because the Fund’s current monthly distributions are subject to modification
by the Board of Trustees at any time and the Fund’s income will fluctuate,
there can be no assurance that the Fund will pay distributions at a particular
rate or frequency.

If the Fund does not generate sufficient earnings (dividends and interest
income and realized net capital gain) equal to or in excess of the aggregate
distributions paid by the Fund in a given year, then the amount distributed in
excess of the Fund’s earnings would be deemed a return of capital. Since this
would be considered a return of a portion of a shareholder’s original
investment, it is generally not taxable and is treated as a reduction in the
shareholder’s cost basis.

Short-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. Based on the accounting
records of the Fund as of November 13, 2012, the November distribution to
common shareholders would include approximately 64% from net capital gains and
36% from paid-in capital on a book basis and each of the prior distributions
to common shareholders paid in 2012 would include approximately 3% from net
investment income, 61% from net capital gains and 36% from paid-in capital on
a book basis. The estimated components of each distribution are updated and
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 2012 will be made after year end and can
vary from the monthly estimates. All shareholders with taxable accounts will
receive written notification regarding the components and tax treatment for
all 2012 distributions in early 2013 via Form 1099-DIV.

The GAMCO Global Gold, Natural Resources & Income Trust by GABELLI is a
non-diversified, closed-end management investment company with $1.4 billion in
total net 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) primarily 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.

Contact:

GAMCO Global Gold, Natural Resources & Income Trust
Molly Marion / Laurissa Martire
914-921-5070