Research commentary on the 40% jump in resource estimate announced by Quebec Lithium explorer.

2011-03-04

NASDAQ - Nasdaq Stock Market · Gold · Antimony · Silver · United States

Mar. 4, 2011 (Baystreet.ca) --

TORONTO, Canada: Ubika Research has published a research commentary on the recently announced 6.4 million tons Lithium Oxide NI 43 101 compliant resource estimate (indicated+ inferred) announced by Glen Eagle Resources Inc (TSX VENTURE: GER) (CVE: GER) on its 100% controlled Authier project near Val D’or, Quebec. The commentary is titled “Quebec Lithium explorer Glen Eagle announced a 40% jump in their Lithium resource estimate and commissions a pre-feasibility study to advance the project”. Please visit: http://www.smallcappower.com/articles/glen_eagle_ni43-101.html to view the Ubika research commentary.

Glen Eagle’s Authier project is situated near the lithium project of Canada Lithium Corp (TSX:CLQ) (TSE: CLQ) in Quebec. Canada Lithium (TSX:CLQ) (TSE: CLQ) is working to commission an open pit mine and lithium processing plant in late 2012. The Authier deposit has access to world-class infrastructure, labour and technical personnel as it is situated in the well regarded Val D’or mining region in Quebec.

About Ubika Research

Ubika Research is an investment research and capital market services firm based in Toronto and Vancouver. It provides comprehensive research, communication and capital market exposure program to highlight the investment potential in micro and small cap companies. For more information visit ubikaresearch.com

Disclosure

Ubika Research has received compensation from Glen Eagle Resources Inc for providing analyst research and capital market services.

Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.

Ubika Research and www.smallcappower.com (are both divisions of Ubika Corporation), and are not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: http://smallcappower.com/disclosure.aspx

For additional information contact:

Vikas Ranjan, Managing Director

Email: vikas@ubikacorp.com

Phone: 647-352-2666

Research commentary on the 40% jump in resource estimate announced by Quebec Lithium explorer.

Earlier from Perpetua Resources Corp.