G L Energy and Exploration Inc. VANCOUVER, Oct. 30 /PRNewswire-FirstCall/ -- On June 22 2003, G L Energy ("GEEX") announced that a joint Venture Agreement between SEM Mining Corporation S.A. ("SEM") and G L Energy was amended whereby GEEX would advance the sum of $2,000,000 U.S. to SEM by July 31, 2003 and in return GEEX would earn a 60% equity interest in the Pilot Plant facility located in Chile, South America. As of July 1, 2003, the Joint Venture Agreement regarding the Pilot Plant funding has been amended whereby GEEX would advance the $2,000,000 U.S. by January 22, 2004 in order to earn a 60% equity interest, the terms and conditions of the Joint Venture Agreement for the Production Plant remain unchanged as to advancing $8,000,000 U.S. by January 22, 2004. For further information contact: Bob Munro @ (250) 377-3918 Certain of these statements contained in the press release may be deemed forward-looking statements. Such statements, and other factors that could cause actual results to differ materially from these statements and matters are the risks and other factors detailed from time to time, in the Company's reports with Securities and Exchange Commissions, including, but not limited to the Company's Annual Report on Form 10-K and its Quarterly Reports of Form 10-Q. DATASOURCE: G L Energy and Exploration Inc. CONTACT: Bob Munro, 250-377-3918

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