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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (5106)	10/2/2003 11:38:49 AM
From: tyc:>	Read Replies (2) \| Respond to of 8273

On the Sedar page of Anaconda Gold there is a new posting of a Technical Report of the Damoti Lake gold prospect. This is a "BIF" deposit, (gold in banded iron formation) which therefore perhaps makes it similar to the Lupin deposit and the George/Goose Lake deposits in Nunavut. Anaconda is in process of raising financing at .25 cents a share to further the exploraion. Of course, the reason I mention this is that Doublestar retains a 50% interest. Perhaps you'll recall how highly I valued DSR as an "option" on the price of copper. Have you any negative comments on this gold deposit, please?

To: E. Charters who wrote (5106)	10/3/2003 12:35:31 AM
From: russet	Read Replies (2) \| Respond to of 8273

Mr. Charters,... Somewhere you were waxing eloquently about processing heavy metal sands. I'm wondering if these figures in this NR match your quoted pricelists. FOR: GL ENERGY AND EXPLORATIONS INC. OTC Bulletin Board SYMBOL: GEEX OCTOBER 2, 2003 - 12:57 ET GL Energy & Explorations, Inc: New Model for Potential Annual Revenues VANCOUVER, BRITISH COLUMBIA-- 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. /T/ Example - originally Gold was priced at $300.00 per/oz, the new model is at $375.00 /T/ 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. /T/ 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 $ 375.00 Rutile Price/Ton $ 2000.00 Zircon Price/Ton $ 545.00 Magnetite Price/Ton $ 35.00 Limenite Price/Ton $ 83.00 Annual Revenues Gold $ 793,328.00 $ 4,759,965.00 $ 5,140,762.00 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 /T/ 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. -30- FOR FURTHER INFORMATION PLEASE CONTACT: GL Energy & Exploration Inc. Bob Munro (250) 377-3918