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Erdene Resource Development Corporation press release

GLEN EAGLE RECEIVES FIRST PAYMENT FOR SOUART

TSX - Toronto Stock Exchange · Gold · Silver · Lead · Zinc · Molybdenum · Antimony · Copper · Canada

May 24, 2011 (TheNewswire.ca) --

Montreal, Quebec, May 24, 2011 - Glen Eagle Resources Inc. (TSXV:GER) (OOTC:GERFF) (TSX VENTURE EXCHANGE: GER)("Glen Eagle" or the "Company") reports that is has received 750,000 shares from Key Gold as a first payment for the Souart gold property being optioned to Key Gold.

On another matter, the Company has issued 200,000 stock options to Windemere Capital exercisable at $0.31 cents and valid for two years. In counterpart, Windemere Capital will act as a Strategic Adviser to the Company.

FOR FURTHER INFORMATION CONTACT:

Jean Labrecque, President

Glen Eagle Resources Inc

999 De Maisonneuve West

Suite 725

Montreal, Quebec

Tel: 514 938-4888

Website: www.gleneagleresources.com

"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"

Copyright (c) 2011 Thenewswire.ca - All rights reserved.

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