In addition, the Company announces today that it has notified the optionors under two option agreements dated May 23, 2007 (collectively, the “Option Agreements”), pursuant to which the Company acquired the right to acquire 100% interests in two properties located in British Columbia, of the Company’s intention to allow the options to lapse in accordance with the terms of the Option Agreements.
The Company continues to actively search and review potential business opportunities.
For further information contact Michael Murphy at (604) 687-3100.
ON BEHALF OF THE BOARD OF DIRECTORS OF
GLEICHEN RESOURCES LTD.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release.