Glen Eagle Corporate Update
Glen Eagle Resources Inc. (Montreal, QC, 31 October 2013; TSX VENTURE EXCHANGE: GER) ("Glen Eagle" or the "Company") is pleased to announce that the 43-101 Technical Report and Mineral Resource Estimate for the La Libertad/Santo Domingo Tailings Project will be filed on SEDAR by November 4. The permit for "Land Removal" from the city La Libertad is expected to be issued in early November based on the latest information and mill site preparations will commence immediately upon granting of the permit.
The Company is also in process of raising $1.5 million dollars for the La Libertad/Santo Domingo Project and general corporate purposes by critically evaluating different financial instruments available in the market place, other than the equity market, to finance the Project's final stages.
The Company is also pleased to announce that the transportation model used in Resource d'Arianne's Feasibility Study on the Lac a Paul phosphate deposit to haul its phosphate to port will pass through Glen Eagle's Moose Lake Property located approximately 100 km SE of Lac a Paul.
The Company has also received an in depth proposal from Genivar Inc. to conduct a metallurgical study on lithium bearing spodumene from the Authier Lithium Project to evaluate the possibility of manufacturing lithium metal.
The Company intends upon financing to implement the course of action as stated in its latest MDA Report which is to develop its core assets in gold, lithium and phosphate.
Gilles Laverdiere, P.Geo., a qualified person according to the NI 43-101 disclosing standards, has approved the content presented herein.
For the latest information about Glen Eagle, please visit www.gleneagleresources.com
Jean Labrecque, President
999 De Maisonneuve West
Suite 725
Montreal, Quebec
Toll free: 1-855-229-4488
"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."
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