GER Glen Eagle Resources Inc

Glen Eagle Resources Inc. (TSX VENTURE: GER) (“Glen Eagle” or the “Company”) is pleased to report that Cobra Oro, a wholly owned Honduran subsidiary of Glen Eagle is doing a second export based on ore production for the month of August. Sales reached $CDN 425,000 for the last two months despite having processed low grade ore of 2.0 grams gold per ton over the same period.

In terms of production throughput, it has been the best two months ever for Cobra Oro while the Company sees a significant improvement in cash flow as the company is in progress of receiving better grade ore from its partner Inception Mining.

At a net 3 grams gold per ton, monthly cash flow will exceed $300 000 at current gold prices and translate into a complete turn around for the company.

In summary, production throughput is near optimum and any major near term improvement in Cobra Oro’s operations will have to come from better grade ore.

Jean Labrecque, PresidentGlen Eagle Resources Inc.Complexe du Canal Lachine, Suite 3084710 St-Antoine StreetTel : 514-808-9807

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