Rye, NY
May 17, 2006
Amex - GGN
CUSIP - 36244N109
For information:
Molly Marion
(914) 921-5070

The Board of Trustees of The Gabelli Global Gold, Natural Resources & Income Trust (Amex:GGN) declared monthly cash distributions of $0.14 per share for July, August and September 2006.

The distribution for July 2006 will be payable on July 25, 2006 to shareholders of record on July 17, 2006.

The distribution for August 2006 will be payable on August 25, 2006 to shareholders of record on August 17, 2006.

The distribution for September 2006 will be payable on September 25, 2006 to shareholders of record on September 15, 2006.

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

As of May 17, 2006, the date of this press release, the current distribution would include approximately 6% from net investment income, 75% from net capital gains and 19% from paid-in capital. The estimated components of each distribution are provided to shareholders of record in a notice accompanying the distribution and are available on our website ( 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 $414 million in total assets whose primary investment objective is to provide a high level of current income. The Trust 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 Trust is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which is a publicly traded NYSE listed company.