Glen Eagle Resources Inc.
TSX VENTURE : TMO

Glen Eagle Resources Inc.

November 13, 2008 10:15 ET

Glen Eagle Resources Inc.: Property Acquisition

MONTREAL, QUEBEC--(Marketwire - Nov. 13, 2008) - Glen Eagle Resources Inc. (TSX VENTURE:TMO)("Glen Eagle Resources or the Company") has entered into an agreement with Becher McMahon, whereby, Becher-McMahon has been given a mandate until November 30 to locate on behalf of the Company a gold property currently in production or near production.

Should Becher-McMahon be successful in completing the mandate, Glen Eagle has been in discussion with a third Party to have access to a credit facility to finance the acquisition. Payments related to the credit facility will be based on future gold production and will have a minimal impact on shareholders dilution.

The terms and conditions of the financing will be defined in an upcoming news release should the acquisition take place.

Under the agreement, Glen Eagle will pay Becher Macmahon a flat fee of $10000 for the work undertaken during the period.

The TSX does not accept responsibility for the adequacy or accuracy of the release.

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