gln posts gpn's announcment, page-6

Just to clarify----

Subj: RE: Recent ASX Announcement 20/5/05 for GPN
Date: 5/23/2005 11:52:59 AM E. Australia Standard Time
From: [email protected]
To: [email protected]
Sent from the Internet (Details)

Thank you for your interest.

The GPN announcement is not located on the Gleneagle website (www.gleneaglegold.com.au). It is however on the ASX website under the GLN code – this is as a result of GPN referring to Gleneagle in its ASX release – this is standard ASX procedure.


There is no link between Gleneagle and GPN and unfortunately I am not in a position to comment on the GPN announcement.

We believe that the Gleneagle landholding in the Peak Hill region is highly prospective and when combined with the 100% owned Fortnum treatment plant provides Gleneagle with a very good opportunity to exploit our existing resource base as well as any future discoveries.


GPN will be Gleneagle’s neighbours in the Peak Hill region on completion of the Desert Resources acquisition and we wish them all success in their future exploration.


Regards,
Ian Prentice
Managing Director
Gleneagle Gold Limited
First Floor, 675 Murray Street
West Perth WA 6005

ph: (08) 9476 4646

fax: (08) 9476 4600

Sent: Sunday, May 22, 2005 7:13 PM
To: Ian Prentice
Subject: Recent ASX Announcement 20/5/05 for GPN
To: Shareholder Liaison Offficer:
I was surprised to see the GPN anouncement on the GLN site.
Is it GLN's view that the Desert Resource property will have a positive outcome for GLN - .
i.e. does GLN believe that the Desert Resource land is highly prospective as suggested by GPN?

Thanking you for your time.

Regards