Glamis Resources Ltd.

Glamis Resources Ltd.

February 29, 2008 09:00 ET

Glamis Resources Ltd.: Queensdale Operations Update

CALGARY, ALBERTA--(Marketwire - Feb. 29, 2008) - Glamis Resources Ltd. ("Glamis" or "the Company") (TSX VENTURE:GLM.A)(TSX VENTURE:GLM.B) is pleased to provide an operations update on Glamis' second 100% working interest horizontal oil well at Queensdale, SK. The 191/5-1 well is currently producing approximately 150 bopd of high netback light oil. The third horizontal location in this pool has been licensed and is expected to be drilled before spring breakup. The Company is in the process of submitting 3 additional well license applications: 1 horizontal development location and 2 vertical exploratory locations.

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 14,786,655 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.

Contact Information