(via Thenewswire.ca)

Montreal, Quebec, December 8, 2011 - Glen Eagle Resources Inc. (TSX VENTURE EXCHANGE: GER) ("Glen Eagle" or the "Company") has been advised by Key Gold Holdings that it will not pursue the Souart acquisition agreement dated December 8, 2010.

This gives Glen Eagle the opportunity of regaining an important asset in addition to keeping the 750,000 shares of Key Gold originally issued to the Company in conjunction with the option agreement.

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

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