/C O R R E C T I O N FROM SOURCE - GL Energy & Explorations, Inc./

/C O R R E C T I O N FROM SOURCE - GL Energy & Explorations, Inc./
In VA048 transmitted at 09:00e today, errors occurred in the amounts reported in
the summary of annual gold revenues in the last paragraph of the release.
Corrected copy follows: 


VANCOUVER, Feb. 26  /PRNewswire-FirstCall/ -- 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.

         Example - originally Gold was priced at $300.00 per/oz,
                       the new model is at $404.00



The model shown is for 100% equity for the properties, GL Energy & Exploration,
Inc. owns60% 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.

                                       La Barca    La Barca    DunaChoapa
                                       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         $   404.00
  Rutile Price/Ton        $  2000.00
  Zircon Price/Ton        $   545.00
  Magnetite Price/Ton     $    35.00
  Limenite Price/Ton      $    83.00

  Annual Revenues
              Gold       $ 15,140,762.00  $ 24,109,634.00  $ 24,109,634.00
              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
              Limenite   $79,070.00  $    474,420.00     - - - - - -



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 risksthat 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. 

DATASOURCE: GL Energy and Exploration, Inc.



CONTACT: Ray Johnson, 1-866-639-3900

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