Tegucigalpa office: 011-504-235-5826
Contact: Bill Dodge, General Manager

Location: Located in Central Honduras in the Department of Francisco Morazan, 79 miles north of the capital city of Tegucigalpa. The concession controlled by the Company comprises 14,100 hectares, or 54.4 square miles.

Description: The San Martin mine was the key component of the Mar-West Resources acquisition in 1998. The mine, considered a classic epithermal gold deposit, is 100 percent owned by Glamis. At the time of acquisition, a 600,000 ounce gold resource had been established at San Martin. The company expanded this to a proven and probable reserve of approximately 1.1 million ounces prior to the start up of the mine.

Following the approval of the feasibility study by the Board of Directors in October 1999, the mine was permitted and constructed on a fast track. Internal cash provided the entire investment required to build the mine, which was slightly under budget at $28 million.

Mining commenced in the summer of 2000 and the first gold shipment was made on December 12th of that year. Gold production in 2001 was 114,216 ounces and rose to 129,435 ounces in 2002. 2004 production totaled 101,835 and the company is forecasting approximately 85,000 ounces for 2005.

Exploration: Current exploration at the San Martin mine is being carved out and between the Rosa and Palo Alto pits. A drill program is also planned for the nearby Minitas property as soon as final permits are received.

Community: Glamis is proud of the positive impact it has had in Honduras and particularly in the area surrounding the mine. The Company provided seed money to establish a local charitable foundation, built a medical clinic and provided a doctor and a dentist, built a new school, and built a small village to house a few local inhabitants displaced by the mine. Local workers provide over 96% of the work force, and the impact on their standard of living has been extremely positive.

Proven and Probable Reserves
as of December 31, 2005

Reserves calculated at $400 per ounce.

Measured and Indicated Resource
as of December 31, 2005

Measured and Indicated Resources, for purposes of determining a reasonable expectation of eventual economic extraction, are estimated using a $500 per ounce gold price.