SOURCE: GLR Resources

October 24, 2007 12:40 ET

GLR Resources Announces Analyst Research Coverage

KIRKLAND LAKE, ON--(Marketwire - October 24, 2007) - GLR Resources (TSX: GRS) (FRANKFURT: GKF) is pleased to announce that research coverage on the company has been initiated by Tara Hassan, B.Sc., Mining Research Analyst of MPartners Inc. in Toronto, Ontario.

Ms. Hassan has given the company a "buy" rating in her initial report issued October 19, 2007. The report is predominantly based on GLR's exploration and development activities in Northern Saskatchewan where GLR plans to start production at the Goldfields Project by Q1 2009, at a rate of 90,000 Au oz.

About GLR Resources

GLR is a Canadian based junior mining and exploration company focusing on projects in North America and with existing projects in Ontario, Quebec and Saskatchewan. GLR's most advanced project is its Goldfields Project, located near Uranium City in northern Saskatchewan. The Goldfields project consists of two open-pitable Gold deposits -- The Box and The Athona -- containing a resource in excess of one million ounces Gold. GLR is focused on bringing the Goldfields project into production in late 2008. GLR trades on the TSX under the symbol GRS. More information is available on line at: www.glrresources.com.

Contact Information

  • Contact Information:

    Robert Kasner
    President & CEO
    T: (705) 567-5351
    E: Email Contact

    Malcolm Bucholtz
    V.P. Investor Relations
    T: (306) 525-0852
    E: Email Contact

    John Orr, P.Eng.
    C.O.O.
    T: (416) 987-7188
    E: Email Contact

    GLR RESOURCES INC.
    P.O. Box 546
    4 Al Wende Avenue
    Kirkland Lake, Ontario
    P2N 3J5
    Tel: (705) 567-5351
    Fax: (705) 567-5557
    Email: Email Contact

    Saskatoon Office:

    515-45th St. West
    Saskatoon, Saskatchewan
    S7L 5X5
    Tel: (306) 652-0582
    www.glrresources.com