Gleichen Resources TSXV: GRL October 7th, 2009

About Company Gleichen Resources Ltd. is a growth oriented Canadian mining company dedicated to the exploration and development of precious metal resources with a focus on gold. At the present time, its main project is the acquisition of 78.8% of the Morelos Project from Teck Resources Ltd. ("Teck") (TSX: TCK.B). The Morelos Project is an advanced stage gold exploration property located in the state of Guerrero, approximately 180 km to the southwest of Mexico City. The Morelos Project consists of a group of 7 claims, totalling 29,046 hectares (ha). Teck is currently the operator of the Morelos Project in a joint venture with Goldcorp Inc.

About Company The Morelos Project is an advanced stage gold exploration property located in the state of Guerrero, approximately 180 km to the southwest of Mexico City. Resources: Measured: 3.36 gpt 217,000 ounces Indicated: 3.19 gpt 2,751,000 ounces Inferred: 3.20 pgt 890,000 ounces Total: 3.25 gpt 3.9M ounces

Management Michael Murphy MBA, MSc., Director and President Canada Prior to joining Gleichen Mr. Murphy spent 13 years working in Institutional Equities in London, with Merrill Lynch, DLJ and finally Credit Suisse where he managed the hedge fund coverage team. Peter Miller, Chief Financial Officer Canada Chartered Accountant. Chief Financial Officer of Ionic Management Corp. since May 1997. Director and/or officer of several other public companies. Brian E. Bayley, Director Canada Presdent and CEO of Quest Capital Corp. Also Director and President of Ionic Management Corp., a private management company;

Management Terry Macgibbon, Prospective Director Canada Terry MacGibbon, B.Sc., P.Geo, ICD.D, is a registered professional geologist with over 35 years of international experience in the mining business. Terry is the founder, Chairman and the CEO of FNX Mining Company Inc. Richard Graham, P. Geol., Director Mr. Graham has more than 20 years of mineral resource experience covering both the technical and the financial side of the industry. He has worked in Canada for Cameco Corporation, Echo Bay Mines Incorporated, Placer Dome Incorporated, and overseas with the Canadian Department of Foreign Affairs and International Trade, Delta Gold Mining Corp. and Chase Resources Ltd.

Share Structure & Financials Shares Outstanding: 29.7M Shares Fully Diluted: 40.1M Options/Warrants: 10.4M Current Price: $1.27 52 Week High/Low: $1.48/0.09 3 mo daily volume: 136,000 Cash on Hand: $3.8M

1-Year Stock Chart

Calendar of Catalysts Oct: Announcement of upgraded resource calc Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec X Oct: Announcement of upgraded resource calc Nov: $210M US financing to be priced and closed Aggressive exploration after this

Why Invest Now? Excellent management team with proven track record of success Gold sector doing extremely well and this company will have a large resource Large brokerages just now seeing deal Company plans to double resource through $30 to $40M exploration Once financing is closed look to see stock pop again

Contact Contact: Michael Murphy TSXV: GRL Website: www.gleichenresourcesltd.com Phone: (604) 687-3100 Email: mmurphy@gleichenresourcesltd.com TSXV: GRL