Market Overview

Glen Eagle Resources Inc.: Corporate Update


MONTREAL, QUEBEC--(Marketwire - Oct. 24, 2012) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to inform its shareholders that a new resource estimate on the Authier Lithium Project will be released shortly. The environmental study which was conducted throughout the summer by Dessau is also due out in early November. As for the PEA study which was commissioned by SGS Canada earlier this year to perform a Pre Economic Assessment on Authier, the results will be released before year end and the Company remains very optimistic towards the outcome of the the project.

The 2000 meter drilling program is also well under way at Moose Lake while the size of the property has been doubled by increasing the number of claims from 90 to 202 which now covers an area of approximately 105 km2 The claims were staked by the Company at minimum cost.

Gilles Laverdiere, P.Geo., a qualified person according to the NI 43-101 disclosing standards has reviewed and approved the technical content presented herein.

Jean Labrecque, President
Glen Eagle Resources Inc.

Investors Relations
Louis Morin

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