Glen Eagle's Processing Plant in Honduras Reaches Its Objective In Recovering Precious Metals

MONTREAL, QUEBEC--(Marketwired - April 13, 2016) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announce that Cobra Oro`s newly built cyanide circuit is performing as expected with gold and silver recovery ranging between 80% to 85% over the entire production process.

The gold and silver bars produced are being deposited into Cobra Oro`s account at Dunbar International and awaiting to be exported.

Additional details regarding production will be released in the near future when the Company has accumulated sufficient data to release more in-depth information about cost, tonnage milled and dore bars produced.

For further reference on Cobra Oro`s plant, pictures have been downloaded on the Company`s website under the section Honduras.

Neither the 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.