Glamis Closes $90 Million Bought Deal Private Placement

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UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAW.


Glamis Resources Ltd. ("Glamis") (TSX VENTURE:GLM.A) (TSX VENTURE:GLM.B) is
pleased to announce that it has completed the previously announced bought deal
private placement which was announced on July 23, 2009 (the "Private Placement")
of 60,000,000 class A shares ("Class A Shares") at a price of $1.25 per Class A
Share. The underwriting syndicate elected to exercise its over-allotment option
to increase the offering by 12,000,000 Class A Shares, resulting in the issuance
of 72,000,000 Class A Shares for gross aggregate proceeds of $90,000,000. 


GMP Securities L.P. and Macquarie Capital Markets Canada Ltd. were the co-lead
underwriters for a syndicate of underwriters which included FirstEnergy Capital
Corp., BMO Capital Markets, Cormark Securities Inc., National Bank Financial
Inc. and Scotia Capital Inc.


Proceeds from the offering will be used to fund a portion of the purchase price
payable by Glamis for the previously announced acquisition of assets from
Bonavista Energy Trust, with the balance funded from working capital. The Class
A Shares issued under the Private Placement are subject to a four month hold
which expires on December 15, 2009 pursuant to applicable securities laws.


Glamis Resources Ltd. is a uniquely positioned, well-capitalized junior oil and
gas company with a proven management team committed to aggressive,
cost-effective growth of light oil reserves and production in Saskatchewan and
Manitoba. Glamis' Class A Shares and Class B Shares trade on the TSX Venture
Exchange under the symbols GLM.A and GLM.B, respectively. 


This press release shall not constitute an offer to sell, nor the solicitation
of an offer to buy, any securities in the United States, nor shall there be any
sale of securities mentioned in this press release in any state in the United
States in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.


FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. More particularly, this
press release contains statements concerning the use of funds from the Private
Placement.


The forward-looking statements contained in this document are based on certain
key expectations and assumptions made by Glamis, including, with respect to the
use of funds from the Private Placement, expectations and assumptions concerning
timing of receipt of required regulatory approvals and third party consents and
the satisfaction of other conditions to the completion of the acquisition of
assets from BonaVista.


Although Glamis believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forward-looking statements because Glamis can give no assurance
that they will prove to be correct. Since forward-looking statements address
future events and conditions, by their very nature they involve inherent risks
and uncertainties. Actual results could differ materially from those currently
anticipated due to a number of factors and risks. These include, but are not
limited to, the failure to obtain necessary regulatory approvals or satisfy the
conditions to closing the acquisition, risks associated with the oil and gas
industry in general (e.g., operational risks in development, exploration and
production; delays or changes in plans with respect to exploration or
development projects or capital expenditures; the uncertainty of reserve
estimates; the uncertainty of estimates and projections relating to production,
costs and expenses, and health, safety and environmental risks), commodity price
and exchange rate fluctuations and uncertainties resulting from potential delays
or changes in plans with respect to exploration or development projects or
capital expenditures. Certain of these risks are set out in more detail in
Glamis' Annual Information Form which has been filed on SEDAR and can be
accessed at www.sedar.com.


The forward-looking statements contained in this document are made as of the
date hereof and Glamis undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.