Glen Eagle Closes Amended Private Placement

MONTREAL, QUEBEC, Jul 07 (MARKET WIRE) --
Glen Eagle Resources Inc. (TSX VENTURE: GER) ("Glen Eagle" or the
"Company") announces it has closed its previously announced non-brokered
private placement dated June 30, 2009. Financing terms have been modified
due to market conditions and also to allow for TSX-V permitted Discounted
Market Pricing on private placement issues based on today's closing
price. As previously disclosed, each unit ("Units") consists of 1 common
share and 1 common share purchase warrant ("warrants"). 1,363,636 Units
have been issued at a price $0.11 per unit for gross proceeds of
$150,000. The warrants shall have an expiration date of 3 years from
closing of the Offering and be exercisable at $0.15 per share. Glen Eagle
has paid a finder's fee of $8,000 to an arm's length party. The proceeds
shall be used for working capital. The securities issued pursuant to the
Offering will be subject to a 4 month hold period.

The TSX does not
accept responsibility for the adequacy or accuracy of the release.

Contacts:
Glen Eagle Resources Inc.
Head Office
Jean Labrecque
President & CEO
514-938-4888

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