SOURCE: GLR Resources

May 25, 2007 09:55 ET

GLR Retains Services of Windward Agency

KIRKLAND LAKE, ON -- (MARKET WIRE) -- May 25, 2007 -- GLR Resources (TSX: GRS) (FRANKFURT: GKF) ("GLR"), a gold exploration company with significant property holdings in the past producing Beaverlodge / Uranium City Mining District in north-west Saskatchewan, is pleased to announce that effective May 19, 2007 and subject to regulatory approval, it has retained the services of The Windward Agency, of Charlotte, North Carolina. Windward, founded by its principal, Kelly Boatright, will provide assistance with GLR's Investor Relations and Public Relations efforts. Windward has served the natural resource sectors for more than two decades and maintains a strong presence in Canada, the United States and Europe.

Following an initial payment of US$8,000, which includes a one-time setup fee of US$1,500, Windward will receive a monthly retainer of US$6,500 split between GLR and its sister company, Uranium City Resources, plus approved expenses. GLR will grant Windward 100,000 shares with options set at US$0.60. The agreement will progress on a monthly basis, renewing automatically, and may be terminated by either party by two-week written notice. Windward does not engage in market making activities and will restrict its services to public relations and investor relations counseling.

Windward maintains an extensive network of representatives and account service specialists in Toronto, New York, Charlotte, Atlanta, London, England and Zurich, Switzerland. In addition to organizing broker road shows, Windward will also manage press release dissemination, assist in the design of marketing materials, and miscellaneous tasks related to the Company's investor relations and public relations programs.

Forward-Looking Statements

This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond GLR's ability to control and predict which could cause actual events or results to differ materially from those anticipated. Although GLR believes the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements.

Contact Information

  • For further information please contact:

    Robert Kasner
    President & CEO
    T: 1.705.567.5351
    E: Email Contact

    Malcolm Bucholtz
    V.P. Investor Relations
    T:1.306.525.0852GLR RESOURCES INC.
    E: Email Contact

    P.O.Box 546, 4 Al Wende Avenue,
    Kirkland Lake, Ontario P2N 3J5
    Tel: (705) 567-5351
    Fax: (705) 567-5557
    e-mail: Email Contact