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Glamis Gold Ltd.: Glamis Gold Board Approves Penasquito Budget

Tue, 9 May 2006 14:00:00 PDT

RENO, NEVADA (MARKET WIRE) Glamis Gold Ltd. (TSX: GLG)(NYSE: GLG) announced today that its Board of Directors has approved a $52 million capital budget for the remainder of 2006 to advance the Penasquito project. Penasquito, located in Zacatecas, Mexico, was acquired upon completion of the Plan of Arrangement between Glamis and Western Silver Corporation on May 3, 2006.

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