Glen Eagle Resources Inc.

Glen Eagle Resources Inc.

March 02, 2011 08:48 ET

Glen Eagle Intersects 1.09% Li2O Over 54 Meters

MONTREAL, QUEBEC--(Marketwire - March 2, 2011) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announce the results of the first 4 drill holes from the 4,000 meter drilling program currently underway on the Authier Lithium project located near Val d'Or in Quebec.

All recent intercepts were obtained in the western portion of the deposit, below previous drill holes, with the intent to test the deposit at the 100 meter level. Hole AL-11-24 intersected 1.09% Li2O over 54.0 m with a 6.0 m volcanic xenolith found in the center of the pegmatite. The Li20 content of the pegmatite without the mafic xenolith is 1.28% Li2O over 48.0 m. As presented in the table below, the central core of the pegmatite shows grades above 1% Li2O in every hole. The width of that high grade core varies considerably from one section to the other locally with thicknesses in excess of 50 m. The pinch and swell nature of the pegmatite can be observed both laterally and vertically. The pegmatite remains open in all directions.

Hole # From (m) To (m) Width (m)* Li2O (%)
AL-11-24 121,5 175,5 54,0 1,09
Including 121,5 144,0 22,5 1,13
Including 151,5 174,0 22,5 1,38
AL-11-01 142,5 171,0 28,5 1,09
AL-11-02 120,0 133,5 13,5 0,61
Including 124,5 129,0 4,5 1,08
AL-11-23 114,0 130,5 16,5 0,81
Including 121,5 129,0 7,5 1,05

*The width is approximately the true width of the pegmatite.

As additional core samples from the remaining drill holes are assayed, the Company will release results as they are made available by the laboratory throughout the month of March and April.

About the method of analysis:

The samples were prepared at the company's facility under the supervision of the field geologist by sawing the NQ core in two halves. One half of the core was bagged, tagged and sealed and delivered to AGAT Laboratories in Sudbury, ON for sample preparation and to AGAT Laboratories main laboratory in Mississauga, ON. The other half is kept for record. The samples were analyzed for Lithium using AGAT Laboratories' peroxide fusion method (AGAT Analysis Code 201079) and ICP-OES analysis which consists of a specialized fusion technique and an assay range of 0.01 to 25% Li. AGAT Laboratories' Mining Division is accredited to ISO/IEC 17025 and CAN-P-1579 by the Standards Council of Canada (SCC). AGAT Laboratories internal quality control procedures include the regular analysis of replicate samples, reference materials and reference blanks.

The company has also implemented its own QC/QA program for quality control. The company is using two analytical standards, a high and a low standard, duplicates and blanks. One standard and one blank sample are inserted for every 20 samples and a duplicate for every 20 samples will be sent to a second accredited laboratory for analysis.

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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