Drilling Success in 2007 Drives Glamis' Growth Plans in 2008

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OR TO UNITED STATES
NEWS WIRE SERVICES.


Glamis Resources Ltd. (TSX VENTURE:GLM.A)(TSX VENTURE:GLM.B) ("Glamis" or "the
Company") is pleased to announce its financial and operational results for the
three months and year ended December 31, 2007.


Glamis' highlights for 2007 are as follows:

- Discovered a significant light oil pool in Queensdale, Saskatchewan with
Glamis' first 100% working interest horizontal well drilled in December 2007.
Glamis has subsequently drilled two further successful horizontal wells into
this structure and has drilled a subsequent exploration well targeting another
new pool


- Production averaged 214 boe/d for 2007; Glamis exited the year at 335 boe/d
(98% oil)


- Increased proved and probable reserve volumes by 20 percent to 739 mboe

- Invested $10.6 million in capital projects

-- Drilled 8 wells (5.45 net); 3 (2.6 net) were successful oil wells and 5
(2.85) were dry and abandoned


-- Re-entered 1 well (0.625 net) which proved to be uneconomic

-- Invested $1.7 million on land and seismic

- Significantly increased cash flow over the year to $730,000 ($0.03 per share)
compared to negative cash flow of $30,000 in the prior year, as a result of
increased production volumes and higher oil prices


- Maintained balance sheet strength and enhanced the Company's financial
flexibility by completing a flow through share offering of $2.6 million during
the second quarter of 2007 and securing a $3.5 million revolving line of credit
(drawn by $1.7 million at year end)


2007 Year End Reserves Summary

This summary of Glamis' reserves evaluation as at December 31, 2007 was prepared
by GLJ Petroleum Consultants Ltd. ("GLJ"), the Company's independent reserves
evaluator. The National Instrument 51-01 forms F1, F2 and F3 have been filed on
SEDAR and can be viewed at www. SEDAR.com or www.glamisresources.ca.




Gross Company Interest Reserves (as at Dec. 31/07)
(before deduction of royalties payable, not including royalties receivable)

                                            NGL's   Gas   Oil  Oil Eq.
                                             Mbbl  MMcf  Mbbl     Mboe
-----------------------------------------------------------------------
Proved Producing                              1.1    63   491      502

Proved Developed Non-producing                  -     -    81       81
-----------------------------------------------------------------------
Total Proved                                  1.1    63   572      583

Total Probable                                0.3    16   152      155

-----------------------------------------------------------------------
Total Proved Plus Probable                    1.4    79   724      739
-----------------------------------------------------------------------



Net Present Value of Reserves

Below is a table showing the Company's net present value of future net revenue
attributable to reserves using forecast prices and costs. The prices used were
GLJ Forecast Prices as at January 1, 2008. The estimated future net revenues are
presented before deducting future estimated site restoration costs, and are
reduced for estimated future abandonment costs and future capital costs
associated with non-producing, undeveloped and probable additional reserves.
Estimated values disclosed do not necessarily represent fair market value.




Summary of Future Net Revenue Before Income Taxes $(000's)

Discounted at:                        0%       5%     10%
----------------------------------------------------------
Total Proved                     17,841   15,477  13,708

----------------------------------------------------------
Total Probable                    5,008    3,553   2,663

----------------------------------------------------------
Total Proved Plus Probable       22,849   19,030  16,371
----------------------------------------------------------



FINANCIAL & OPERATIONAL HIGHLIGHTS

Glamis has filed on SEDAR its audited financial statements and related
Management Discussion and Analysis ("MD & A") for the three and twelve month
period ended December 31, 2007. Selected financial and operational information
is outlined below and should be read in conjunction with Glamis' audited
financial statements and related MD & A which are available for review at
www.glamisresources.ca or www.sedar.com.




--------------------------------------------------------------------------
                                                     Year    Year
                                                    Ended   Ended
($000s except per unit amounts)                    Dec 31  Dec 31       %
                                                     2007  2006(1) Change
--------------------------------------------------------------------------

Petroleum & natural gas revenue                     4,307   1,198     260
Funds flow from operations                            730     (30)    n/a
 Per share (basic)                                   0.03   (0.00)    n/a
Net loss                                           (2,729)   (408)    569
 Per share (basic)                                  (0.12)  (0.03)    300
Capital expenditures, net                          10,583   6,162      72
Working capital (deficit)                          (2,525)  5,071     n/a
Weighted common shares o/s basic(2)                23,330  15,025      55
--------------------------------------------------------------------------

Production
 Crude oil & NGLs (bbls/d)                            200     172      16
 Natural gas (mcf/d)                                   84      12     600
--------------------------------------------------------------------------
 Total (boe/d)                                        214     174      23

Realizations
 Crude oil & NGLs ($/bbl)                           55.72   47.92      15
 Natural gas ($/mcf)                                 7.14    5.98      20
--------------------------------------------------------------------------
 Average ($/boe)                                    55.04   47.81      14

Netbacks ($/boe)
 Petroleum & natural gas revenue                    55.04   47.81      15
 Processing Revenue                                  0.33    0.59     (44)
 Royalties                                          (4.33)  (2.31)     87
 Operating costs                                   (23.45) (29.44)    (21)
--------------------------------------------------------------------------
 Field netback                                      27.59   16.65      66
--------------------------------------------------------------------------

(1) For comparative purpose, Glamis did not have any oil and gas operations
    prior to August 11th 2006.

(2) 2007 per share amounts have been calculated on the weighted average 
    number of shares outstanding after giving effect to the potential 
    conversion of Class B Shares into Class A Shares at 10:1 based on the
    Dec. 31, 2007 closing price of Class A Shares of $0.86.



Subsequent to December 31, 2007, Glamis:

- During the first quarter of 2008 Glamis drilled two additional horizontal
wells in Queensdale. One well is now producing while the second well is planned
for completion as soon as road bans are lifted in the area. Glamis believes this
core area has the potential for up to 12 (10.5 net) horizontal development
wells. Also in Queensdale, Glamis has drilled a 100% working interest
exploratory well targeting another 3D seismically defined feature. Glamis was
encouraged by the initial results and kicked the well off to open up a 400m open
hole horizontal section. The well will be placed on production as soon as road
bans are lifted in the area. Subject to well performance, follow-up locations
are expected to be drilled within the next 12 months.


- In March 2008 Glamis completed an additional $6.0 million private placement;
3.5 million Class A shares at $1.15 per share and 1.4 million flow through Class
A shares at $1.40 per share; proceeds to be used towards Glamis' 2008 drilling
program.


Outlook

With the success at Queensdale, Glamis expects to significantly increase
production and reserves in 2008. With these anticipated volume increases,
Glamis' operating and general and administrative costs are also expected to
decline on a per unit basis, significantly improving the Company's cash flow
netbacks.


In addition to the Company's active drilling program, Glamis will continue to
seek out further opportunities that align with the Company's long-term growth
strategy of pursuing opportunities that allow for all-season access, reservoirs
that provide long-life reserves and prospects that enhance shareholder value.


Glamis Resources Ltd. is a junior oil and gas company formed to generate and
develop its own prospects, acquire oil and gas properties and participate with
joint venture partners in oil and gas exploration and development in the Western
Canadian Sedimentary Basin. The company's Class A Shares and Class B Shares
trade on the TSX Venture exchange under the symbols GLM.A and GLM.B. The company
currently has 19,696,655 Class A shares and 922,500 Class B shares outstanding.


FORWARD LOOKING STATEMENTS: Certain information regarding Glamis in this news
release including management's assessment of future plans and operations, timing
of drilling and tie-in of wells, productive capacity of the new wells and
productive capacity from different wells, expected production rates, drilling
success rates, dates of commencement of production, may constitute forward
looking statements under applicable securities laws and necessarily involve
risks including, without limitation, risks associated with oil and gas
exploration, development, exploitation, production, marketing and
transportation, loss of markets, volatility of commodity prices, currency
fluctuations, imprecision of reserve estimates, environmental risks, competition
from other producers, inability to retain drilling rigs and other services,
unexpected decline rates in wells, wells not performing as expected, delays
resulting from or inability to obtain required regulatory approvals and ability
to access sufficient capital from internal and external sources. As a
consequence, actual results may differ materially from those anticipated in the
forward-looking statements. Readers are cautioned that the foregoing list of
factors is not exhaustive. Additional information on these and other factors
that could effect Glamis' operations and financial results are included in
reports on file with Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com). Furthermore, the forward
looking statements contained in this news release are made as at the date of
this news release and Glamis does not undertake any obligation to update
publicly or to revise any of the included forward looking statements, whether as
a result of new information, future events or otherwise, except as may be
required by applicable securities laws.