GL Energy & Explorations, Inc. - Potential Annual Revenues VANCOUVER, Feb. 26 /PRNewswire-FirstCall/ -- GL Energy & Exploration Inc.(GEEX) is pleased to provide an update projection on the potential annual revenues. The projection is based on current prices for Gold and other metals rather than our original conservative pricing used in our business model. Example - originally Gold was priced at $300.00 per/oz, the new model is at $404.00 The model shown is for 100% equity for the properties, GL Energy & Exploration, Inc. owns 60% of the total equity. The company has shown three examples, the La Barca property with a pilot plant, and both the La Barca and Duna Choapa properties with full production plants. La Barca La Barca Duna Choapa Pilot Full Plant Full Plant Tonnes/Day 1,200 7,200 7,200 Gold Grade - grams/ton 0.25 0.25 0.27 Recovery % 60% 60% 60% Produced Oz./Day 5.796 34.776 37.55808 Rutile Grade % 2.05% 2.05% 1.63% Recovery % 75% 75% 75% Produced Tonnes/Day 18.45 110.70 87.75 Zircon Grade % 1.32% 1.32% 0.11% Recovery % 75% 75% 75% Produced Tonnes/Day 11.88 71.28 5.89 Magnetite Grade % 9.71% 9.71% 10.70% Recovery % 75% 75% 75% Produced Tonnes/Day 87.39 524.34 577.80 Limenite Grade % 0.29% 0.29% 0.00% Recovery % 75% 75% - - - - Produced Tonnes/Day 2.61 15.66 - - - - Gold Price/Oz $ 404.00 Rutile Price/Ton $ 2000.00 Zircon Price/Ton $ 545.00 Magnetite Price/Ton $ 35.00 Limenite Price/Ton $ 83.00 Annual Revenues Gold $ 856,794.00 $ 5,140,762.00 $ 5,552,022.00 Rutile $ 13,468,500.00 $ 80,811,000.00 $ 64,057,500.00 Zircon $ 2,363,229.00 $ 14,179,374.00 $ 1,170,873.00 Magnetite $ 1,116,407.00 $ 6,698,444.00 $ 7,381,395.00 Limenite $ 79,070.00 $ 474,420.00 - - - - - - Contact Information: Ray Johnson 1-866-639-3900 Certain of these statements contained in the press release may be deemed forward-looking statements, and factors that could actual results to differ materially from these statements and matter are risks that other factor detailed from time to time, in the Company's reports with Securities and Exchanges Commissions, including, but not limited to, the Company's Annual Report on Form 10-K and its Quarterly Form 10-Q. DATASOURCE: GL Energy and Exploration, Inc. CONTACT: Ray Johnson, 1-866-639-3900

Copyright