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Post# of 4966483
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Alias Born 04/27/2005

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Tuesday, 05/09/2006 4:40:53 PM

Tuesday, May 09, 2006 4:40:53 PM

Post# of 4966483
GLE Announced Strong News Before The Close:
Financial highlights:

- Net earnings totalled $1.8 million, or $0.01 per share in the latest period, compared to a loss of $226,000, or $0.00 per share in Q1, 2005

- Earnings from mining operations increased 135% to $2.0 million from $848,000 in the corresponding period of 2005

- Revenues from gold sales increased 121% to $11.5 million in the latest period compared to $5.2 million in Q1, 2005

- Average realized prices for gold sales were $555 per ounce and cash operating costs per ounce of gold sold were $352



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