GL Energy and Exploration, Inc. - Gold clarification VANCOUVER, March 2 /PRNewswire-FirstCall/ -- This News Release is to clarify the Gold values on both the Duna Choapa Norte and the La Barca orebody. The Duna Choapa ore-body based on a Goldvalue of .27 grams per ton. Should contain 360,435 ounces of Gold. Revenue from the Duna Choapa Gold calculated at $404.00 per ounce would be $145,615,740.00 The life of The Duna Choapa ore-body is expected to be 17 years with a recovery rate of 60% on Gold Ore. Total estimated Gold revenue $145,615,740.00 Recovery rate (60%) (equal sign) $87,369,444.00 Divided by mine life (equal sign) $5,139,379.00 (Annual Revenue) This based on 365 production days per year, one 8 hour shift. The La Barca ore-body based on a Gold value of .25 grams per ton. Should contain 733,243 ounces of Gold. Revenue from the La Barca Gold calculated at $404.00 per ounce would be $296,230,172.00 The life of The La Barca ore-body is expected to be 38 years with a recovery rate of 60% on Gold Ore. Total estimated Gold revenue $296,230,172.00 Recovery rate (60%) (equal sign) $177,738,103.00 Divided by mine life (equal sign) $46,773,185.00 (Annual Revenue) This based on 365 production days per year, one 8 hour shift. The total revenues from both ore-bodies per year would be $51,912,564.00. Once into production we expect a slightly better recovery rate than shown in this release. Certain of these statements contained in the press release may be deemed forward-looking statements, and factors that could actual results to differ materially from these statements and matter are risks that other factor detailed from time to time, in the Company's reports with Securities and Exchange Commissions, including, but not limited to, the Company's Annual Report on Form 10-K and its Quarterly Form 10-Q. DATASOURCE: GL Energy and Exploration, Inc. CONTACT: Ray Johnson, 1-866-639-3900

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