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File: GLENMARK_NR Oct 23 2014.docx

GLENMARK CAPITAL CORP.
1600 - 609 Granville Street
Vancouver, BC V7Y 1C3


NEWS RELEASE
October 23, 2014

Glenmark Acquires Key Lake Road Project 

Glenmark Capital Corp. (TSX.V: GLM) ("Glenmark") is pleased to announce that it's  agreement with an arm's length vend
--->or to acquire the Key Lake Road ("KLR") Project (see News Release dated October 16, 2014), a prospective uranium proje
--->ct 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 L
--->ake 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 p
--->roduced 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 o
--->f 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  one-half% 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 i
--->s 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 thi
--->s announcement, including statements concerning our plans, intentions and expectations, which are not historical in na
--->ture are intended to be, and are hereby identified as, "forward{‐ ‐}looking statements". Forward{‐ ‐}looki
--->ng statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and si
--->milar expressions. The Company cautions readers that forward{‐ ‐}looking statements, including without limitatio
--->n those relating to the Company's future operations and business prospects, are subject to certain risks and uncertain
--->ties that could cause actual results to differ materially from those indicated in the forward{‐ ‐}looking statem
--->ents.