Glen Eagle's Director Makes an Investment to Advance the Company's Project in Nicaragua

Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is
pleased to announce that a Director of the Company has made a substantial
investment to purchase and co-own the Pilot Plant that will process the tailings
and advance Glen Eagle's Project in La Libertad/Santo Domingo.


The Pilot Plant will be leased to Sandgold, a subsidiary corporation owned by
Glen Eagle Resources in Nicaragua. The terms of the Leasing Agreement are
currently being drafted and will be made public when available.


The fact that the Pilot Plant has been purchased will help reduce Glen Eagle's
risk, facilitate financing and avoid dilution of its shares. 


The equipment is scheduled to arrive on the concession by late October and
planning is in progress to have the infrastructure ready on time. The Company
has already explored various options other than the equity market to finance the
Project's final stages. Relevant information on the matter will be given to our
shareholders on due time.


"Neither 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."


FOR FURTHER INFORMATION PLEASE CONTACT: 
Jean Labrecque, President
Glen Eagle Resources Inc.
Toll free: 1-855-229-4488
www.gleneagleresources.com

Glen Eagle Resources (TSXV:GER)
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