Glen Eagle Resources Inc.

Glen Eagle Resources Inc.

March 31, 2010 09:39 ET

Glen Eagle Resources Inc.: Corporate Update

MONTREAL, QUEBEC--(Marketwire - March 31, 2010) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") has received a first payment of $50,000 from River Crest Resources, a privately held company, as part of an option agreement (see press release March 11) for the sale of a 60% interest in its Souart property.

The Company is also actively looking to Joint Venture with a partner that would have a property in production or near term production. The Company is currently reviewing two files on the matter. Should an acquisition take place, the transaction will be based on debt financing from funding sources made available to the Company through its financial partners.

“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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