Received by email:

File: Glenmark _NR Dec 19 2014.docx

/

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

NEWS RELEASE

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH T
--->HIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

NEWS RELEASE
December 19, 2014

Glenmark Closes First Tranche of Financing

Glenmark Capital Corp. (TSX.V: GLM and Frankfurt: 17G) ("Glenmark") is pleased to announce that it has closed the firs
--->t tranche of its previously announced private placement for gross proceeds of $1,100,000.  In connection with closing,
---> Glenmark has issued 2,750,000 flow through common shares at price of $0.40 per share, and paid a finder's fee of $88,
--->000.  All shares issued in the private placement are subject to a four month and a day hold period.

As previously disclosed, Glenmark will use the funds raised to advance its mineral property interests by conducting re
--->commended work programs.

For further information regarding this news release please contact:

Richard W. Grayston
President & CEO
Phone: (604) 990-1012
Email: rwgrayston@glenmark.ca

Rob Gamley
Contact Financial Corp.
Phone: (604) 689-7422 
Email: rob@contactfinancial.com 

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, and no securities regulator
--->y authority has either approved or disapproved of the contents of this release. 

United States Advisory
The securities referred to herein have not been and will not be registered under the United States Securities Act of 1
--->933, as amended (the "U.S. Securities Act"), have been offered and sold outside the United States to eligible investor
--->s pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the U
--->nited States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under 
--->the United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption 
--->from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securit
--->ies must not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute a
--->n offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in th
--->e state in the United States in which such offer, solicitation or sale would be unlawful.