Glen Eagle Resources Inc.

TSX VENTURE : GER


Glen Eagle Resources Inc.

February 04, 2013 08:47 ET

Glen Eagle Intercepts 58.5 Meters P205 Grading 6.0% at Moose Lake

MONTREAL, QUEBEC--(Marketwire - Feb. 4, 2013) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to report more results from the drilling program (2074 meters) carried out last fall on its Moose Lake phosphate project. The drill holes were positioned 100 meters apart and were drilled to a depth of 100 meters. The drill program was designed to test the continuity of the deposit over 1.1 km East/West by 300 meters wide North/South.

Drill holes LO-12-27, LO-12-28, LO-12-33, LO-12-36 and LO-12-38 were located at the north end of the deposit to test the down dip extension of the phosphate mineralization. Drill holes LO-12-36 and LO-12-37 ended in strong mineralization with LO-12-33 not intercepting mineralization probably due to a change of dip of the phosphate-bearing unit. Drill holes LO-12-24 and LO-12-31 were infill holes. LO-12-37 and LO-12-39 did not intersect the phosphate unit and are believed to have been drilled in an intrusive formation which may have cut temporarily the mineralized zone. To the exception of the South zone, the deposit still remains open in all directions and at depth.

Hole # From
(m)
To
(m)
Length
(m)
P205
(%)
LO 12-24 4.5 76.5 72.0 5.4
incl 52.5 75.0 55.5 6.0
LO-12-27 96.0 102.0 6.0 3.9
LO-12-28 76.5 102.0 25.5 4.0
LO-12-31 6.0 51.0 45.0 5.7
and 84.0 102.0 18.0 5.0
LO-12-33 60.0 72.0 12.0 3.9
LO-12-36 39.0 93.0 54.0 5.4
LO-12-38 43.5 102.0 58.5 6.0

The length of the intersection is believed to be close to the true width.

Gilles Laverdière, P. Geo., a qualified person according to the NI 43-101 disclosing standards, is supervising the drilling program and has reviewed and approved the technical content presented herein.

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

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