Glamis Resources Ltd.

Glamis Resources Ltd.

March 28, 2008 09:00 ET

Glamis Resources Ltd.: Queensdale Operations Update

CALGARY, ALBERTA--(Marketwire - March 28, 2008) -


Glamis Resources Ltd. ("Glamis" or "the Company") (TSX VENUTRE:GLM.A) (TSX VENTURE:GLM.B) is pleased to provide an operations update on drilling activity at Queensdale, SK. The Company's third 100% working interest well (192/5-1-7-1) was drilled to a total measured depth of 1715 meters. The well encountered oil and gas shows throughout the horizontal section similar to the first two producing wells drilled by Glamis at Queensdale. The drilling rig is currently standing idle on the lease and is banned from moving due to spring breakup restrictions on road use in the area. Once the road bans have been lifted, Glamis will proceed directly to placing the well on production. Glamis has also spud a 100% working interest vertical exploratory well (141/5-11-7-1) in the Queensdale area. This well will test another 3D seismically defined feature on 100% working interest lands. Should this well prove successful Glamis expects to add up to 6 additional follow-up horizontal locations on 100% working interest Glamis lands.

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 19,696,655 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 TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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