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Perpetua Resources Corp. press release

Glen Eagle Resources Inc. Announces Drilling to Start on Authier

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

(via Thenewswire.ca)

Montreal, Quebec, January 10, 2012 - Glen Eagle Resources Inc. (TSX VENTURE EXCHANGE: GER) ("Glen Eagle" or the "Company") is pleased to announce that a 2,000 meter drilling program has just started on the Authier Lithium project.

With regards to Lac Lisette drilling program, Agat Laboratories has confirmed on Monday, January 9, 2012 that the drilling results will be forwarded to the Company in full after market close on Monday, January 17, 2012. A press release will report the results on Tuesday, January 18 before the market opens.

The Company would also like to inform its shareholders that Glen Eagle Resources is currently well financed to fulfill its financial needs throughout 2012 with $2.5M in cash and no debt.

FOR FURTHER INFORMATION CONTACT

Jean Labrecque, President jl@gleneagleresources.com

Glen Eagle Resources Inc

999 De Maisonneuve West

Suite 725

Montreal, Quebec

Toll free: 1-855-229-4488

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) 2012 Thenewswire.ca - All rights reserved.

Earlier from Perpetua Resources Corp.