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Vancouver, BC / TNW-ACCESSWIRE / October 23, 2014 / Glenmark Capital Corp. (TSX.V: GLM) ("Glenmark") is pleased to announce that it's agreement with an arm's length vendor to acquire the Key Lake Road ("KLR") Project (see News Release dated October 16, 2014), a prospective uranium project in northern Saskatchewan, has been approved by the TSX Venture Exchange .

The Project covers 5590 hectares, approximately 89km south of the Key Lake Mine, an open pit mine which has produced ~200 million pounds of uranium. The project is 520km north of the city of Saskatoon and is easily accessed by the Key Lake haulage road, which is maintained by Cameco. In 2005-2007, Forum Uranium carried out a systematic investigation of the project area with a variety programs, including prospecting, an airborne geophysical survey and a small number of diamond drill holes. The KLR projects hosts two high value targets: the Molly Trend and Hobo Zone.

Glenmark is extremely pleased with this acquisition as historic programs have significantly advanced the project and produced several high value shallow targets for exploration. Glenmark will be collating and further analyzing previous data, the majority of which is available in digital format, to define a comprehensive go-forward exploration program.

Under the terms of the agreement Glenmark can earn a 100% interest in the KLR project by issuing 250,000 shares within 5 days of receipt of TSX Venture Exchange approval, issuance of a further 500,000 shares within 6 months of signing of the agreement, payment of $340,000 over 36 months and completing $2,500,000 in exploration expenditures over 4 years. The 100% interest is subject to a 1% GOR, of which 1/2 % can be purchased for $1,000,000.

The technical contents of this news release have been prepared under the supervision of Peter Born, P.Geo. Mr. Born is a Qualified Person as defined in NI 43-101, and has approved this news release.

For further information regarding this news release please contact:

Richard W. Grayston, President

(604) 990-1012

rwgrayston@telus.net

Neither the 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. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward - looking statements". Forward - looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward - looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward - looking statements.

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