Glen Eagle Resources Inc.

Glen Eagle Resources Inc.

August 17, 2010 09:44 ET

Glen Eagle Resources Inc.: Prefeasibility Study

MONTREAL, QUEBEC--(Marketwire - Aug. 17, 2010) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle Resources" or the "Company") is pleased to announce that further to a 2000 prefeasibility study conducted on the La Motte lithium project, the Company has retained the services of Bumigene, a Montreal based engineering company to update the study compliant with NI 43-101 standards.

Bumigene is very familiar with the La Motte project for having conducted the preseasibility study. Updating the document will be a routine task once the mineral resources are redefined 43-101 compliant according to Florent Baril, Bumigene's president. It should be well noted that the price of the spodumene concentrate was $75/ton (historical in nature and not 43-101 compliant) when the study was done. Based on Bumigene latest information, the price of spodumene concentrate will sell between $340 to $600/ton depending on the quality of the concentrate. 

The TSX does not accept responsibility for the adequacy or accuracy of the release.

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