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The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

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Message: Re: The Geologist who may be on the ball

Yeah I think he knows the ropes. Been through it before while working for GLR resources. Underlying work in which BETA looked at.

http://www.glrresources.com/press/Ex...

http://www.glrresources.com/press/GL...

Supportive roles and I would say he is quite familiar with what can be involved.

Box Mine Project 43‐101F1 Executive Summary June 2007 Page 32 Bikerman Engineering & Technology Associates, Inc

4.0 INTRODUCTION AND TERMS OF REFERENCE

The purpose of this report is to present the results of the Box Mine Project Feasibility Study. The report conforms to Form 43-101F1 for technical report. As of this writing, GLR has made the decision to commence development activities as soon as possible for the Box Mine Project. In order to facilitate expedited financing, GLR requested that a NI43-101 report be prepared by an independent consultant.

GLR Resources Inc. (GLR) of Toronto, Ontario, Canada commissioned BIKERMAN ENGINEERING & TECHNOLOGY ASSOCIATES, INC. (BETA), of Old Lyme, CT, USA and Dan Mackie Associates, of Burlington, Ontario, Canada, to complete an independent Technical Report on the gold resource estimation for the Box Mine deposit in accordance with industry standard practices and in compliance with Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves and Canadian National Instrument 43-101. BETA prepared this Technical Report in support of the public disclosure of the Mineral Resource estimates as of June, 2007.

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The qualified persons responsible for the preparation of this report are: Dr. Michael Bikerman, P.Geo, David Bikerman, Eng. Mines, and Tom McGrail. Dan Mackie, P. Eng., of Dan Mackie Associates, serves as the QP for sections pertaining to metallurgy, process design, infrastructure and process operating and process capital costs.

GLR supplied documentation as noted within the report which forms the basis of significant portions of this report.

The companion policy 43-101 CP to NI 43-101, Standards of Disclosure for Mineral Projects requires under Section 6, Personal Inspection. Dr. Michael Bikerman spent one week performing geologic mapping in the vicinity of the Box Mine, and one day mapping the Box Mine. David Bikerman, Tom McGrail and Dan Mackie all also conducted recent site visits.

Kian Jensen was the project geologist and QP for the 2004 and 2005 confirmation and detail diamond drilling at the Box Mine in the Uranium City area and specifically visited the Box Mine Project for a general inspection of stored drill core piles, inspection of the 2004 and 2005 diamond drill core, review of logging procedures, database entry, supervising area geological mapping, piezometer readings at and in the vicinity of the Box Mine and inspection and supervision of the diamond drill hole collars survey. Prior to estimating resources, AMEC audited and verified the Box Mine assay database during late 2004 and in early 2005. At the request of AMEC, Resource Modeling Inc. (RMI) was asked to completed basic data validation and resource estimation. Mike Lechner, President of RMI, performed these under a consulting agreement with AMEC. Harry Parker, Technical Director of AMEC, reviewed the AMEC report on the resource estimation. Tim Maunula of Wardrop Engineering updated the resource classifications of the block model in 2006.

The 2007 Box Mine Project Final Feasibility Study utilizes data from the 1995 Box Mine Final Feasibility Study completed by H.A. Simons Inc. as well as and the 2005 Mineral Resource Estimation Report conducted by Kian Jenson, P. Geo, and the Box Mine. This study provides a detailed review of the Box Mine Stand-Alone Project as of June, 2007 to justify a production decision.

BETA acknowledges that this report and other technical information will be presented by GLR for the acquisition of financial resources, and to fulfill the requirements of the Annual Information Form (AIF).

5.0 DISCLAIMER & RELIANCE ON OTHER EXPERTS

This technical report is based on the information contained in the 2007 Box Mine Project Feasibility Study performed by BETA, and on reports from consultants supporting this Study.

It is noted that this technical report is not required to include all the information specified in Items 6 through 11 of this Form to the extent that the required information has been previously filed in a technical report for the property being reported on, specifically a 43-101F1 report prepared by Kian A. Jensen, P. Geo., dated December 21, 2005, titled "Mineral Resource Estimation Report of the Box Mine Project for GLR Resources, Inc in the Beaverlodge Lake Area, NTS Map Sheet 74N-07". The previous technical report is available on SEDAR, and there has not been any material change in the information. Nevertheless, for the sake of completeness, these sections have been retained and additional or supplementary information included in this report.

Over the years, a number of engineering companies and consulting firms have completed studies that form the basis for this Feasibility Study. These and other studies have also supplied baseline and technical information for the permitting documents. The following companies have made direct contributions to the development of this Feasibility Study. While information from their reports is summarized herein, the complete reports are available as technical-supporting documents to this report.





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