Coverage Initiated on Glen Eagle Resources

Coverage Initiated on Glen Eagle Resources

TSX-V:GER
Net Shares Out: 26,839,607
July 5, 2010 Close: C$ 0.13

Vancouver,BC, July 6, 2010 (NewsWireNow) Stockinvestors.net initiates coverage on Glen Eagle Resources Inc. [TSXV:GER] at a price of $0.13. Glen Eagle is a mining and exploration company which we believe to be undervalued and will become a target of near term investment activity.

Glen Eagle has recently acquired 100% interest in the LaMotte lithium deposit 45 km NW of Val d'Or, one of Quebec's most advanced lithium project's based on historical records and was previously owned by Raymor in the 90's. Based on the 1995 GM report from the Ministere des Ressources Naturelles et de la Faune, the entire deposit contains a historical resource of 4.5 million tons of ore grading approximately 1.07% Li20 on surface and is still open along strike to the west and at depth and the potential for parallel dykes exists to the north. Two years of metallurgical work has been conducted on the project by the Centre de Recherche Minerales du gouvernement du Quebec and McGill University. Together, they successfully assessed and controlled the transformation process from the Spodumene concentrate to lithium metal.

The non-dilutive management team and partners of Glen Eagle control 12m of the 27m shares outstanding. The company currently holds no bank debt and is capitalized with nearly $1m.

StockInvestors.net will continue to follow and report on Glen Eagle's pending news.


FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulations. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated event.

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.

For further information:

Glen Eagle Resources Inc.
1255 University
Suite 606
Montreal, Quebec
H3B 3V9, Canada
Tel: (514) 938-4888
Fax: (514) 938-0644
Email: info@gleneagleresources.com