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Message from the President

Since taking over the Company as President five years ago, I promised myself from the very beginning that I would do my very best to avoid diluting our shareholders.

My approach has always been to cut our losses short and avoid going into long and costly exploration programs where the risks/reward ratio was too high. As my focus over the years started to shift more and more towards producing properties, I knew that with patience, the right opportunities would come.

Today, Glen Eagle Resources, with its new acquisitions in South Africa is about to embark on a new journey which I hope will be a very successful one.

In the last five years, Glen Eagle has issued less than 10 million shares. I would like to move forward with the same strong anti dilutive philosophy which has governed our Company, something that can be achieved only through sound management practices.

Today, Glen Eagle Resources has 27 million shares outstanding and fully diluted. Keeping this in mind and knowing that our Company has so much going for itself now, I am very confident that our current and future shareholders will be well rewarded for their patience.

Jean Labrecque
President and Chief Executive Officer