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Message: Glen Eagle Resources Inc. Announces Sampling Results on Moose Lake

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Glen Eagle Resources Inc. Announces Sampling Results on Moose Lake

posted on Nov 02, 11 10:32PM (Log in to use the IP Check tool) ^[?]

(via Thenewswire.ca)

Montreal, Quebec, October 18, 2011 - Glen Eagle Resources Inc. (TSX VENTURE EXCHANGE: GER) ("Glen Eagle" or the "Company") is pleased to announce the results from 10 grab samples selected on surface, at random and along strike an exposed anomaly seen over a 1 km long by 20 meters wide on the Moose Lake phosphate property. The results tend to confirm an earlier study conducted by the Ministry of Mines which has identified the presence of phosphate (Feuillet 22E02) over an area of 2.4 km long by 300 meters wide. The sampling results are as follows:

--------------------------------
|Sample  |P205 %|Ti02 %|Fe203 %|
|------------------------------|
|E5230610|7.09  |4.51  |27.79  |
|------------------------------|
|E5230611|6.71  |6.09  |33.72  |
|------------------------------|
|E5230612|6.43  |3.62  |25.83  |
|------------------------------|
|E5230613|6.52  |5.02  |28.49  |
|------------------------------|
|E5230614|5.42  |3.86  |29.59  |
|------------------------------|
|E5230615|2.00  |6.71  |35.48  |
|------------------------------|
|E5230616|7.22  |3.05  |15.30  |
|------------------------------|
|E5230617|3.89  |4.11  |20.90  |
|------------------------------|
|E5230618|4.21  |4.48  |23.00  |
|------------------------------|
|E5230619|5.81  |3.67  |23.75  |
--------------------------------

In the press release dated (October 12, 2011) regarding the Moose Lake property acquisition, a third work commitment of $200,000 on year 4 should have been incorporated in the acquisition cost. The total work commitment is therefore $400,000 over 4 years instead of $200,000 over 3 years.

By acquiring Moose Lake as a second phosphate property, the Company is determined to become a committed explorer for this commodity while developing a portfolio of strong assets with good intrinsic value involving long term potential.

Gilles Laverdière, P.Geo., a qualified person according to the NI 43-101 disclosure standards, is supervising the exploration program and has reviewed and approved the technical content presented herein.

FOR FURTHER INFORMATION CONTACT:

Jean Labrecque, President jl@gleneagleresources.com

Glen Eagle Resources Inc

999 De Maisonneuve West

Suite 725

Montreal, Quebec

Tel: 514 938-4888

Website: www.gleneagleresources.com

Source: TheNewsWire (October 18, 2011 - 8:34 AM EDT)

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