Glen Eagle Resources Inc. reported the early results of the drilling program (2,200 meters) carried out last fall on its Moose Lake phosphate project. The Company drilled 43 holes in 2012 for a total of 4,559 meters. The drill holes were positioned on a 100 x 100 meters grid and generally reached a depth of 100 meters.

The drill program was designed to test the continuity of the deposit and was able to delineate a phosphate-rich ferrogabbro over 1.1 km in strike and to a down dip length of 300 meters. Drill holes LO-12-25 and LO-12-26 were located at the west end of the deposit. The results are reported below and continue to show that a strong mineralization is still present in the East/West axis with grade improving at depth.

Drill holes LO-12-29 and LO-12-30 were testing the mineralization in the North/South axis. To the exception of the South zone, the deposit still remains open in all directions and at depth. Hole LO-12-40 was placed on a high elevation and did not intercept mineralization probably due to its short length.

In order to facilitate a better understanding of its projects, the Company is waiting for the release of the PEA report on the Authier Lithium project to update its website with the latest data received on Moose Lake and Authier.