Glen Eagle Resources Inc.

Glen Eagle Resources Inc.

December 14, 2010 08:30 ET

Glen Eagle Intersects an Average of 1.14 Li2O Over 19 Meters in Five Drill Holes

MONTREAL, QUEBEC--(Marketwire - Dec. 14, 2010) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announce that its latest drill results on the Authier lithium project near Val d'Or in Quebec were better than expected with five drill holes averaging 19 meters in width of Li-bearing pegmatite at an average of grade of 1.14% Li2O.

Hole # Section From (m) To (m) Width
Li2O (%)
AL-10-15 8+20 E 73.5 94.2 20.7 1.12
AL-10-02 4+00 E 47.75 63.25 15.50 1.17
and   74.85 84.1 6.1 0.94
AL-10-03 4+00 E 33.1 35.75 2.65 1.59
and   44.45 56.1 8.65 0.98
AL-10-04 4+75 E 54.95 64.85 9.9 1.09
including   59.0 64.85 5.85 1.49
and   78.1 92.0 13.9 1.14
AL-10-05 5+00 E 74.85 77.95 3.1 1.30
and   83.7 97.45 13.75 1.24

*The width is believed to be the true width of the pegmatite.
Holes Al-10-12, Al-10-15 and AL-10-17 were the last remaining holes to twin and returned on average similar results as their historical counterparts. Holes AL-10-12 and AL-10-17 were testing the outer limit of the deposit to the East and little was expected from these drill holes which were 43-101 verification holes by nature.

AL-10-12 7+90 E 103.5 109.5 6.0 0.99
AL-10-17 8+80E 87.0 88.5 1.5 1.09

While these latest drill holes were testing the East section of the deposit, we can assume based on the recent data available that the center and west sections of the deposit have better grades and widths. Both are open at depth and to the West. The remaining drill holes (8 in total) to be released as soon as they are made available by the laboratory are from these sections which are currently being assayed by ALS.

For the method and procedures used for sample preparations, see previous press releases relating to drill results.

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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