GERFF - Glen Eagle Reports Excellent Gold Recovery Results

(TheNewswire)

Montreal, Quebec – TheNewswire- October 13, 2021 - Glen Eagle Resources Inc. ( TSXV:GER) (“GlenEagle” or the “Company”) is pleased to announce additionalinformation resulting from the ramp-up operation at CobraOro and the latest data received from themetallurgical balance produced by Armando Gabriel Aguilar, professorof metallurgy at the University of Guadalajara Polytechnic School. Mr.Gabriel Aguilar, an external consultant to several mining companieswas recently hired by Glen Eagle to supervise Cobra Oro metallurgicalprocess.

Results from the metallurgical balance indicates anaverage recovery of 87% throughout the system combined with anefficiency rate of 98% at the filter press. The Company is verypleased with these results and cannot expect to be much better due tothe high silver content within the ore currently being processed.Silver recovery will be reported later this month.

To further improve Cobra’s operations, the Company is in progress tohire a Chief Mechanic and Head of  Laboratory. They both will join afull time Canadian consultant who has been supervising Cobra’soperations in Honduras for the last two months. KarlTrudeau comments : « The Team that we have put in place to improveCobra Oro ramp-up operations, including local employees is alreadymaking the difference and increased throughput will be facilitatedgreatly by the end of the rainy season later this month.

Jean Labrecque, President

Glen Eagle Resources Inc

2075 Victoria Street

Suite 201

St-Lambert, Québec

J4S- 1H1

514-808-9807

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