KIRKLAND LAKE, ON--(MARKET WIRE)--Oct 24, 2007 -- GLR Resources (Toronto:GRS.TO - News) (Frankfurt:GKF.F - News) is pleased to announce that research coverage on the company has been initiated by Tara Hassan, B.Sc., Mining Research Analyst of MPartners Inc. in Toronto, Ontario.

Ms. Hassan has given the company a "buy" rating in her initial report issued October 19, 2007. The report is predominantly based on GLR's exploration and development activities in Northern Saskatchewan where GLR plans to start production at the Goldfields Project by Q1 2009, at a rate of 90,000 Au oz.

About GLR Resources

GLR is a Canadian based junior mining and exploration company focusing on projects in North America and with existing projects in Ontario, Quebec and Saskatchewan. GLR's most advanced project is its Goldfields Project, located near Uranium City in northern Saskatchewan. The Goldfields project consists of two open-pitable Gold deposits -- The Box and The Athona -- containing a resource in excess of one million ounces Gold. GLR is focused on bringing the Goldfields project into production in late 2008. GLR trades on the TSX under the symbol GRS. More information is available on line at: www.glrresources.com.

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     Contact Information:
      
     Robert Kasner
     President & CEO
     T: (705) 567-5351
     E: Email Contact
      
     Malcolm Bucholtz
     V.P. Investor Relations
     T: (306) 525-0852
     E: Email Contact
      
     John Orr, P.Eng.
     C.O.O.
     T: (416) 987-7188
     E: Email Contact
      
     GLR RESOURCES INC.
     P.O. Box 546
     4 Al Wende Avenue
     Kirkland Lake, Ontario
     P2N 3J5
     Tel: (705) 567-5351
     Fax: (705) 567-5557
     Email: Email Contact
      
     Saskatoon Office:
      
     515-45th St. West
     Saskatoon, Saskatchewan
     S7L 5X5
     Tel: (306) 652-0582
     http://www.glrresources.com