Glen Eagle Strikes Joint Venture with Honduran Gold Mining Company

Glen Eagle”) (TSXV:GER) announces a Joint Venture with Indexta SA, the largest concession owner in Honduras with a portfolio exceeding 50 mining concessions including land ownership encompassing the vast majority of its concessions.

The JV will facilitate the access to the powerful communities “Patronatos”, who play a key role in accepting local projects. It will also open the door to new ore suppliers by creating important relationships with land owners, small miners unions, local government institutions, while carrying a wealth of data to guide future exploration and development programs, including a team of four geologists.

The transaction was years in the making and was made possible by the trust we earned over the years with Indexta’s principal shareholder and key partners in southern Honduras. Combined with our successful ramp-up of operations at Cobra Oro gold processing plant, this transaction marks the most significant turning point for Glen Eagle since its presence in Honduras.”