GLM.B Glamis Res Ltd

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES OR TO U.S PERSONS.


Glamis Resources Ltd. ("Glamis" or "the Company") (TSX VENTURE:GLM.A) (TSX
VENTURE:GLM.B) is pleased to announce that it has closed its previously
announced private placement of Class A Shares issued on a "flow-through" basis
("Flow Through Shares"). The private placement was fully subscribed and resulted
in the issuance of 4,545,455 Class A Shares at a price of $1.10 per share for
gross proceeds of $5,000,000.50. Acumen Capital Finance Partners Limited acted
as lead underwriter for a syndicate which included GMP Securities L.P.


Proceeds from the offering will be used to incur qualifying expenditures to fund
the Company's ongoing drilling program in its core focus area. The shares issued
under the private placement will be subject to a four month hold period expiring
on March 1, 2009.


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.


Forward-Looking Statements: This news release contains statements about future
events that are forward looking in nature and, as a result, are subject to
certain risks and uncertainties such as changes in plans or the occurrence of
unexpected events. Actual results may differ from the estimates provided by
management. 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)
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Grafico Azioni Glamis Res Ltd (TSXV:GLM.B)
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