Mr. Jean Labrecque reports

DENIS LAVIGUEUR INCREASES ITS INTEREST IN GLEN EAGLE RESOURCES

In accordance with regulatory requirements and pursuant to National Instrument 62-103, Early Warning Report, Denis Lavigueur has disclosed that he acquired one million common shares and 500,000 warrants at the closing of the private placement on Oct. 3, 2015. Each warrant entitles the holder to purchase one additional common share at a price of 10 cents in the first two years following its issuance. With an additional 80,000 shares recently purchased in the open market, Mr. Lavigueur, as an insider, has a total of 8,374,000 common shares, or 12 per cent of the company.

The shares were acquired as an investment with the right to either purchase or sell more shares of Glen Eagle based on market conditions.