Gleichen Resources Limited
TSX VENTURE : GRL

October 28, 2009 15:16 ET

Gleichen Resources Ltd.: Technical Report Filed on SEDAR

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 28, 2009) -

NOT FOR DISTRIBUTION OR TRANSMISSION BY ANY MEANS INTO THE UNITED STATES

Gleichen Resources Ltd. (TSX VENTURE:GRL) ("Gleichen" or the "Company") is pleased to announce that a National Instrument 43-101 compliant mineral resource estimate entitled "Gleichen Resources Ltd. Morelos Gold Project, Guerrero, Mexico NI 43-101 Technical Report" dated October 6, 2009 was completed by AMEC E&C Services, Inc. This Report has been filed on SEDAR (www.sedar.com) and on the Company's website at www.gleichenresourcesltd.com.

About Gleichen Resources

Gleichen Resources Ltd. is a growth oriented Canadian mining company dedicated to the exploration and development of precious metal resources with a focus on gold.

Gleichen recognizes that the long-term viability of our business is predicated on support from shareholders and stakeholders, and that we are graded on our environmental, social, and safety performance. We are committed to operating our business in a manner that is consistent with best practices in fiscal management and reporting, environmental stewardship, health and safety, and stakeholder engagement. We will work with governments, leadership, and community members in an ethical and transparent manner to ensure that our activities are aligned with local values.

We believe that mining can be a positive springboard for social and economic development; we will work with stakeholders to create synergistic opportunities which bring about positive change that endure beyond the life of the project. We look forward to developing relationships with the communities around the Morelos Project and to partnering with them, and members of civil society to create sustainable programs.

Gleichen Resources Ltd. provides a work environment that is free of discrimination and intimidation; we work to safeguard the wellbeing of our employees and the communities where we operate. We believe this is paramount to the success of our Company.

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

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