GLM.B Glamis Res Ltd

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OR TO UNITED STATES
NEWS WIRE SERVICES.


Glamis Resources Ltd. ("Glamis" or "the Company") (TSX VENUTRE:GLM.A) (TSX
VENTURE:GLM.B) is pleased to provide an operations update on drilling activity
at Queensdale, SK. The Company's third 100% working interest well (192/5-1-7-1)
was drilled to a total measured depth of 1715 meters. The well encountered oil
and gas shows throughout the horizontal section similar to the first two
producing wells drilled by Glamis at Queensdale. The drilling rig is currently
standing idle on the lease and is banned from moving due to spring breakup
restrictions on road use in the area. Once the road bans have been lifted,
Glamis will proceed directly to placing the well on production. Glamis has also
spud a 100% working interest vertical exploratory well (141/5-11-7-1) in the
Queensdale area. This well will test another 3D seismically defined feature on
100% working interest lands. Should this well prove successful Glamis expects to
add up to 6 additional follow-up horizontal locations on 100% working interest
Glamis lands.


Glamis Resources Ltd. is a junior oil and gas company formed to generate and
develop its own prospects, acquire oil and gas properties and participate with
joint venture partners in oil and gas exploration and development in the Western
Canadian Sedimentary Basin. The company's Class A Shares and Class B Shares
trade on the TSX Venture exchange under the symbols GLM.A and GLM.B. The company
currently has 19,696,655 Class A shares and 922,500 Class B shares outstanding.


FORWARD LOOKING STATEMENTS: Certain information regarding Glamis in this news
release including management's assessment of future plans and operations, timing
of drilling and tie-in of wells, productive capacity of the new wells and
productive capacity from different wells, expected production rates, drilling
success rates, dates of commencement of production, may constitute forward
looking statements under applicable securities laws and necessarily involve
risks including, without limitation, risks associated with oil and gas
exploration, development, exploitation, production, marketing and
transportation, loss of markets, volatility of commodity prices, currency
fluctuations, imprecision of reserve estimates, environmental risks, competition
from other producers, inability to retain drilling rigs and other services,
unexpected decline rates in wells, wells not performing as expected, delays
resulting from or inability to obtain required regulatory approvals and ability
to access sufficient capital from internal and external sources. As a
consequence, actual results may differ materially from those anticipated in the
forward-looking statements. Readers are cautioned that the foregoing list of
factors is not exhaustive. Additional information on these and other factors
that could effect Glamis' operations and financial results are included in
reports on file with Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com). Furthermore, the forward
looking statements contained in this news release are made as at the date of
this news release and Glamis does not undertake any obligation to update
publicly or to revise any of the included forward looking statements, whether as
a result of new information, future events or otherwise, except as may be
required by applicable securities laws.

Grafico Azioni Glamis Res Ltd (TSXV:GLM.B)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Glamis Res Ltd (TSXV:GLM.B)
Storico
Da Giu 2023 a Giu 2024