Sampling Confirms Presence Of High Grade Gold At La Cobra

MONTREAL, QB - Glen Eagle Resources Inc. reported that Cobra Oro de Honduras, a wholly owned subsidiary of Glen Eagle, has initiated a preliminary sampling program at the past-producing La Cobra mine, its newly acquired mining concession.

Three random grab samples were taken from a stockpile located near the entrance to the underground mine and returned the following values; 6.1, 18.9 and 32.5 grams gold per tonne. The stockpile, based on historical data, contains approximately 10 000 tons of quartz material. Sampling it both on surface and where accessible underground is a priority of the upcoming exploration program.

"This early sampling is only the start", said Glen Eagle CEO Jean Labrecque, "of a detailed exploration program designed to quantify surface stockpiles and underground vein exposures on a lithological and metallurgical bases for processing through the Company's Cobra Oro gold mill. Gilles Laverdiere, P.Geo and a Qualified Person under NI 43-101 has read and approved the technical content of this news release.