Glen Eagle Sells Barry-Souart Gold Property

MONTREAL, QUEBEC--(Marketwire - April 19, 2012) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announce that the Company will receive upon acceptance of the transaction by the TSX Venture Exchange an upfront cash payment of $300,000 from 9220-5392 Quebec Inc for the sale of a 75% interest in the Barry Souart Gold property. Glen Eagle's 25% remaining interest can be purchased for a minimum of $500,000 while allowing the Company to keep an upside potential on any future sale or discovery that would bring an added value over the original amount of $500,000. In addition, the Company has kept a 1% royalty on a Net Smelter Return (NSR) that it can sell for $1 million to any given party. The transaction is done at arm's length.