Gleichen Resources Ltd, Special/Extraordinary Shareholders Meeting, Nov 26, 2009, at 09:30 US Pacific Time. Location: Suite 1028, Five Bentall Centre, 550 Burrard Street, Vancouver, British Columbia,Canada. Agenda: To approve the adoption of a restricted share unit plan for the company, as more particularly described in the accompanying management information circular; to consider and, if thought appropriate, to pass an ordinary resolution approving certain amendments to the company's stock option plan, as more particularly described in the accompanying management circular; to elect certain individuals as directors of the company; and to transact such other business as may properly come before the Meeting .

Gleichen Resources Ltd. announced that Fred Stanford has agreed to join the company as director and incoming President & CEO upon the closing of acquisition of 78.8% of the Morelos Project from Teck Resources Limited. Mr. Stanford is a highly qualified mining executive with nearly 30 years experience in the mining business. Mr. Stanford worked at Vale Inco from 1981 to June 2009 holding senior management and executive positions including vice president of Business Services, Milling, Smelting and Refining and culminating as President of Vale Inco's Ontario operations. Michael Murphy, Gleichen's current President & CEO, will remain with Gleichen as a director. Also at the time of the closing of the Offering, Terry MacGibbon, Frank Davis, and Andrew Adams will be appointed to the Gleichen board of directors. Terry MacGibbon is a registered professional geologist with over 35 years of international experience in the mining business. Mr. MacGibbon is a certified director, Institute of Corporate Directors, and has held directorships and senior executive positions in several TSX and TSX Venture public mining companies. Frank Davis is a partner of the law firm Fraser Milner Casgrain LLP, practicing principally in the areas of securities and capital markets, corporate finance, mergers and acquisitions and mining. Mr. Adams worked for Aber Diamond Corporation as Vice President and Chief Financial Officer from 1999 to 2003. Currently he serves as an independent non-executive director of Uranium One Inc.

Gleichen Resources Ltd. announced that the Morelos Project in Mexico's Guerrero state, in which Gleichen is in the process of acquiring a 78.8% indirect interest from Teck Resources Limited, hosts National Instrument ('NI') 43-101 compliant mineral resources, at a 0.90 g/t Au cut-off, as follows: The NI 43-101 compliant mineral resource estimates, set out above and in further detail in Table 1 below, have been prepared by internationally recognized consulting firm AMEC E&C Services Inc., of Sparks, Nevada. Gleichen will file a NI 43-101 Technical Report on SEDAR within 45 days of this announcement. The 29,046 hectare Morelos Project is located between the Los Filos (Goldcorp Inc.) and Campo Morado (Farallon Mining Ltd.) producing mines. The mineral resource estimates as stated herein have not been constrained by the consideration of dilution and are reported as in-situ grade.