GLR Resources Inc. provides Company update

KIRKLAND LAKE, ON, May 5 /CNW/ -

Dear Shareholders

GLR wishes to advise that the Company has not met the filing date of its 2009 audited financial statements and management's discussion and analysis which were to be filed on April 30, 2010. The financial materials are expected to be filed soon.

The audited financial statements, management's discussion and analysis and annual information form as at and for the year ended December 31, 2008.have been filed. In addition, the financial statements and management's discussion and analysis as at and for the three month periods ended March 30, June 30 and September 30 of 2009 have been filed on SEDAR.

GLR is awaiting the results of a review by the Ontario Securities Commission and other regulatory securities commissions in order to have the cease trade order lifted.

    
                           About GLR Resources Inc.
    

GLR is a Canadian-based junior mining and exploration company focusing on projects in North America with existing projects in Ontario and Quebec. On January 7, 2009, the TSX de-listed GLR's securities and, consequently, the Company's securities do not trade on a recognized Canadian exchange.

For further information please see the company website at www.glrresources.com.

Forward Looking Statements: This news release contains certain forward-looking statements on the review of the regulatory reviews being conducted by the securities commissions. These forward-looking statements are subject to a variety of risks and uncertainties beyond GLR's ability to control or predict which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Although GLR believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements.

    
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    www.glrresources.com                         Toronto Stock Exchange: GRS
    

For further information: Robert Kasner, President and Co-CEO, Telephone: [phone], E-mail: [email protected]; David J. Layman, CFO and Co-CEO, Telephone: [phone], E-mail: [email protected]