Glamis Resources Ltd.

Glamis Resources Ltd.

December 12, 2007 08:00 ET

Glamis Announces Light Oil Discovery at Queensdale, SK

CALGARY, ALBERTA,--(Marketwire - Dec. 12, 2007) - Glamis Resources Ltd. ("Glamis" or "the Company") (TSX VENTURE:GLM.A) (TSX VENTURE:GLM.B) is pleased to announce that it has made a light oil discovery with its first 100% working interest horizontal well at Queensdale, SK. The well is the first in what Glamis believes may be a significant, 3D seismically defined, structure. Over two days of completion operations the well flowed for 7 hours and produced a total of 28 m3 (175 bbls) of light oil. Within the next couple of days, Glamis intends to commence production at a restricted rate yet to be determined. With successful production from the first well, Glamis plans to expedite the development of Queensdale with the next two horizontal wells, both at 100% working interest, to be drilled in the first quarter of 2008.

Glamis Resources Ltd. is a junior oil and gas company formed to generate and develop its own prospects, acquire oil and gas properties and participate with joint venture partners in oil and gas exploration and development in the Western Canadian Sedimentary Basin. The company's Class A Shares and Class B Shares trade on the TSX Venture exchange under the symbols GLM.A and GLM.B. The company currently has 14,771,655 Class A shares and 922,500 Class B shares outstanding.

FORWARD LOOKING STATEMENTS: Certain information regarding Glamis in this news release including management's assessment of future plans and operations, timing of drilling and tie-in of wells, productive capacity of the new wells and productive capacity from different wells, expected production rates, drilling success rates, dates of commencement of production, may constitute forward looking statements under applicable securities laws and necessarily involve risks including, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, unexpected decline rates in wells, wells not performing as expected, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could effect Glamis' operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website ( Furthermore, the forward looking statements contained in this news release are made as at the date of this news release and Glamis does not undertake any obligation to update publicly or to revise any of the included forward looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

The term BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

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