UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 10-QSB

                QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                  For the Quarterly Period ended March 31, 2003

                        Commission File Number 000-31032

                         GL ENERGY AND EXPLORATION, INC.
               --------------------------------------------------
               (Exact name of registrant as specified in charter)


                   Delaware                           52-52190362
        -------------------------------           -------------------
        (State or other jurisdiction of            (I.R.S. Employer
         incorporation or organization)           Identification No.)


     141 ADELAIDE STREET WEST, STE 1004, TORONTO, ONTARIO    M5H 3L5
     ----------------------------------------------------   ----------
           (Address of principal executive offices)         (Zip Code)


     Registrant's telephone number, including area code  (416) 214-1473
                                                         --------------


Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days.  Yes [X]  No [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity,  as of the latest  practicable  date: As of May 1, 2003, the Company had
outstanding 23,839,506 shares of its common stock, par value $0.001.



<PAGE>


                                TABLE OF CONTENTS

ITEM NUMBER AND CAPTION                                                PAGE

PART I

  ITEM 1.   FINANCIAL STATEMENTS                                         3
  ITEM 2.   MANAGEMENT'S DISCUSSION AND PLAN OF OPERATIONS               7
  ITEM 3    CONTROLS AND PROCEDURES                                     10

PART II

  ITEM 1.   LEGAL PROCEEDINGS                                           11
  ITEM 2.   CHANGES IN SECURITIES AND USE OF PROCEEDS                   11
  ITEM 3.   DEFAULTS UPON SENIOR SECURITIES                             11
  ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS         11
  ITEM 5.   OTHER INFORMATION                                           11
  ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K                            11






                                       2
<PAGE>


                                     PART I

ITEM 1. FINANCIAL STATEMENTS

<TABLE>
<CAPTION>
                         GL Energy and Exploration, Inc.
                      (A Company in the Development Stage)
                           Consolidated Balance Sheets


                                                             March 31,      December 31,
                                                               2003             2002
                                                           ------------     ------------
                                                            Unaudited
<S>                                                        <C>              <C>
ASSETS
  Current Assets:
     Cash and Cash Equivalents                             $     17,498     $     34,456
     Prepaid Expenses                                               200              200
                                                           ------------     ------------
        TOTAL ASSETS                                       $     17,698     $     34,656
                                                           ============     ============
LIABILITIES AND SHAREHOLDERS' EQUITY
  Current Liabilities:
     Accounts Payable                                      $      6,280     $        242
     Accrued Obligation to Platoro West Incorporated             30,798           27,132
     Due to Shareholder                                          68,883           67,225
                                                           ------------     ------------
        Total Liabilities                                       105,961           94,599

  Minority Interest                                                  90              116

  Shareholders' Equity:
     Preferred Stock - $0.001 par value;
        5,000,000 shares authorized, no
        shares issued and outstanding                               --               --
     Common Stock - $0.001 par value;
        100,000,000 shares authorized,
        23,839,506 shares outstanding
        at March 31, 2003                                        23,840           23,840
     Additional Paid-in Capital                                 140,600          140,600
     Deficit Accumulated During the Development Stage          (252,793)        (224,499)
                                                           ------------     ------------
        Total Shareholders' Deficit                             (88,353)         (60,059)
                                                           ------------     ------------
        TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT        $     17,698     $     34,656
                                                           ============     ============
</TABLE>
                        See notes to financial statements


                                       3
<PAGE>

<TABLE>
<CAPTION>
                         GL Energy and Exploration, Inc.
                      (A Company in the Development Stage)
          Consolidated Statements of Operations and Accumulated Deficit
                          During the Development Stage


                                               Three Months       Three Months        Inception
                                                  Ended              Ended                To
                                              March 31, 2003     March 31, 2002     March 31, 2003
                                              --------------     --------------     --------------
                                                Unaudited          Unaudited          Unaudited
<S>                                           <C>                <C>                <C>
REVENUES
  Revenues                                    $         --       $         --       $         --
  Cost of Revenues                                      --                 --                 --
                                              --------------     --------------     --------------
     Gross Margin                                       --                 --                 --

EXPENSES
  Mineral Rights                                      13,666              3,666             89,664
  Legal and Accounting                                 8,362              4,737            103,181
  General and Administrative                           6,292              1,092             60,108
                                              --------------     --------------     --------------
     Total Expenses                                   28,320              9,495            252,953

  Minority Interest in Losses of
  Subsidiary                                             (26)               (15)              (160)
                                              --------------     --------------     --------------
  (Deficit) from Operations                          (28,294)            (9,480)          (252,793)
                                              --------------     --------------     --------------
  Net (Deficit)                                      (28,294)            (9,480)          (252,793)

  Deficit Accumulated During the
   Development Stage at Beginning
   of Period                                        (224,499)          (141,674)              --
                                              --------------     --------------     --------------
  Deficit Accumulated During the
   Development Stage at End of Period         $     (252,793)    $     (151,154)    $     (252,793)
                                              ==============     ==============     ==============

  Net Deficit per Share - Basic               $        (0.00)    $        (0.00)
  Net Deficit per Share - Diluted             $        (0.00)    $        (0.00)

  Shares used in per Share Calculation:
   Basic                                          23,839,506         22,669,506
   Diluted                                        23,839,506         22,669,506
</TABLE>

                        See notes to financial statements


                                       4
<PAGE>

<TABLE>
<CAPTION>
                         GL Energy and Exploration, Inc.
                      (A Company in the Development Stage)
                      Consolidated Statements of Cash Flows
                          During the Development Stage


                                                         Three Months       Three Months        Inception
                                                            Ended              Ended                To
                                                        March 31, 2003     March 31, 2002     March 31, 2003
                                                        --------------     --------------     --------------
                                                          Unaudited          Unaudited          Unaudited
<S>                                                     <C>                <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net Deficit                                           $      (28,294)    $       (9,480)    $     (252,793)
  Adjustments to Reconcile Net Deficit to Cash:
  Common Stock Issued for Services                                --                 --                  100
  Fair Value of Services Received                                 --                 --                5,400
  Minority Interest                                                (26)                15               (160)
  Provided by (Used in) Operations:
  Prepaid Expenses                                                --                 --                 (200)
  Accounts Payable                                               6,038                603              6,280
  Accrued Obligation to Platoro West Incorporated
                                                                 3,666              3,666             30,798
                                                        --------------     --------------     --------------
  NET CASH (USED) BY OPERATING ACTIVITIES                      (18,616)            (5,196)          (210,575)

CASH FLOWS FROM FINANCING ACTIVITIES:
  Due to Related Parties                                         1,658               --               68,883
  Issuance of Common Stock                                        --                 --              159,190
                                                        --------------     --------------     --------------
  NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES               1,658               --              228,073

  NET CHANGE IN CASH AND CASH EQUIVALENTS                      (16,958)            (5,196)            17,498

  CASH AND CASH EQUIVALENTS
    AT BEGINNING OF PERIOD                                      34,456             59,073               --
                                                        --------------     --------------     --------------
  CASH AND CASH EQUIVALENTS
    AT END OF PERIOD                                    $       17,498     $       53,877     $       17,498
                                                        ==============     ==============     ==============
</TABLE>

                        See notes to financial statements


                                       5
<PAGE>

                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2003
                                   (Unaudited)

1.       General

         The accompanying  unaudited financial  statements have been prepared in
conformity  with the  accounting  principles  stated  in the  audited  financial
statements  for the year ended  December 31, 2002,  and reflect all  adjustments
which are, in the opinion of  management,  necessary for a fair statement of the
financial  position as of March 31, 2003,  and the results of operations for the
periods presented. These statements have not been audited but have been reviewed
by the company's independent certified public accountants. The operating results
for the interim periods are not  necessarily  indicative of results for the full
fiscal year.

         The notes to the  consolidated  financial  statements  appearing in the
company's  annual report as filed on SEC Form 10-KSB for the year ended December
31,  2002,  should be read in  conjunction  with this  quarterly  report on Form
10-QSB.




                                       6
<PAGE>

ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Forward Looking Statements

         When used in this Form  10QSB and in future  filings  by GL Energy  and
Exploration,  Inc. with the  Securities  and Exchange  Commission,  the words or
phrases  "will likely  result,"  "management  expects,"  or "we  expect,"  "will
continue," "is  anticipated,"  "estimated," or similar  expression or use of the
future tense,  are intended to identify  forward looking  statements  within the
meaning of the Private  Securities  Litigation  Reform Act of 1995.  Readers are
cautioned not to place undue  reliance on any such  forward-looking  statements,
each of which speak only as of the date made.  These  statements  are subject to
risks and  uncertainties,  some of which are  described  below  and  others  are
described  in  other  parts  of this  Form  10QSB.  Actual  results  may  differ
materially  from  historical   earnings  and  those  presently   anticipated  or
projected. We have no obligation to publicly release the result of any revisions
that may be made to any forward-looking statements to reflect anticipated events
or circumstances occurring after the date of such statements.

Business

         GL  Energy  and  Exploration,  Inc.  was  incorporated  in the state of
Delaware  on October 7, 1998 under the name LRS Group  Incorporated.  On October
15,  1998,  the name of the  corporation  was  changed to LRS  Capital,  Inc. On
October  10,  2001 the name of the  corporation  was  changed  to GL Energy  and
Exploration, Inc. GL Energy is a development stage company.

Tungsten Operations

         We are engaged in the  exploration  of mining  prospects  with tungsten
mineralization  located in the Western United States.  Tungsten is considered to
be an  important  industrial  mineral.  It has many  uses in the  industrialized
world.  Some of the more common uses of tungsten  include its  utilization  with
other metals to provide  strength  and a wear  resistance  for various  kinds of
tools used in  construction,  mining and metal working.  It is also used in many
household  products  such as light  bulbs,  television  sets and  magetrons  for
microwave  ovens  as  well as in  munitions,  such as  bullets,  because  of its
strength and its being environmentally superior to lead or uranium.

         We  have  an  agreement  with  Platoro  West  Incorporated,  a  mineral
exploration company, under which that company would locate, stake out and record
mining  claims that the mineral  exploration  company  believed to contain  high
concentrations of tungsten. The mineral exploration company staked 30 unpatented
claims  for GL  Energy  pursuant  to this  contract.  If we  default  under  the
contract,  the  remedy  specified  in the  agreement  calls  for us to convey to
Platoro West all of our right title and interest in the mining claims and to all
the mineral resources  located therein.  As of March 31, 2003 we believe that we
have met all of our  obligations  under  this  agreement  and do not  anticipate
defaulting on any of the conditions specified in the agreement.

         On October 10, 2001, GL Energy formed GL Tungsten, Inc. as a subsidiary
incorporated  in the state of Nevada,  for the purpose of conducting  the mining
exploration  activities of the company. GL Energy and Platoro West each assigned
its  respective  obligations  under  the  mineral  exploration  agreement  to GL
Tungsten.  GL Energy owns 99.3% and Platoro  West owns .7% of GL  Tungsten.  The
financial statements of GL Tungsten have been consolidated with GL Energy in the
financial statements included elsewhere herein.

         Through GL Tungsten,  we currently  have a 100%  interest in a tungsten
project known as Pilot Mountain  located in Nevada.  In August 2002, the company
commissioned a geological report on the Pilot Mountain  project.  The report was
to  assess  the  existing  data that the  company  has on the  property  for the
principal  purpose  of  gauging  the  former  determinations  of  mineralization
identification  and occurrence and the likelihood of current  realization on the
assets.  The report  confirms  that the earlier  mineralization  identification,
which  includes  tungsten and other trace metals,  and the estimates of tungsten
levels are consistent with one another, the geology of the land and the personal
surveillance  of the property by the  geologist  preparing  the company  report.
Notwithstanding the report making the assessment that the property has potential
of being  developed by surface open pit mining on a small pit and possibly large
pit basis and by  partial  underground  mining,  the report  indicates  that any
viable  recovery  of  the  mineralizations  will  depend  entirely  on  economic
conditions  from time to time  dictated by metal  prices,  mill  recoveries  and
operating  cost  efficiencies.  Any  one or all of  these  factors  will  have a
dramatic effect on the viability of the properties.


                                       7
<PAGE>

         In addition,  the report  recommends  that  additional  information  be
obtained  in  respect  of the  project.  Inclined  holes  should be  drilled  to
substantiate or modify current  geological  interpretations  and delineations of
any  deposits.  New  preliminary  feasibility  and scoping  studies also must be
carried out, using various  mineral  prices.  A  comprehensive  review should be
undertaken of all the metallurgical reports and chemical analyses that exist and
new  metallurgical  tests  should be  conducted  to attempt to improve  tungsten
recoveries in certain zones of the project.  Also,  three-dimensional  models of
the various zones of tungsten  mineralization  should be prepared by a qualified
mining engineer to generate various development scenarios so that a more current
cost analysis can be formulated.

         Undertaking  any  substantive  exploration  activities  will  require a
significant  amount of capital,  additional  time and compliance with regulatory
requirements  and ordained  methodologies.  The current  working  capital of the
company is not adequate to implement  exploration  of the property at this time.
Depending  upon the  availability  of capital and the  outlook for the  tungsten
market, the company will consider undertaking further exploration activities. We
are  continuing  our search for financing  opportunities.  We plan to drill more
holes,  update our  feasibility  study and conduct  metallurgical  and  economic
studies  with any  financing  we might  obtain.  If we do not  receive  adequate
funding, we will have to discontinue our operations.

Gold Operations

         In February 2003 we formed a new wholly owned subsidiary, GL Gold, Inc.
GL Gold has agreed to an asset  purchase  agreement,  dated as of  February  25,
2003,  to acquire a permitted  gold mine as well as two  un-permitted  groups of
mining claims, which may have gold mineralization.  At its election, the company
may also acquire  certain  mining  equipment.  The mining  claims and assets are
located in Oregon.

         The agreement required the company to pay a $10,000 deposit, as well as
a further  $590,000 for the mining  claims and $150,000 for the  equipment.  The
purchase  is  subject  to a number  of  conditions,  which  originally  required
completion  on or before  April 30,  2003,  including  the  company  raising the
purchase amounts,  and completing its due diligence.  In April 2003, the company
and the seller  agreed to extend the closing  deadline to July 31, 2003. GL Gold
has begun conducting  surveys and other exploration  activities on this property
to ascertain the viability of the gold  mineralization  located at that project.
We will need to raise  additional  capital above the purchase  price in order to
conduct these exploration activities. In addition, the company will need working
capital going forward. We are currently  searching for financing  opportunities.
No assurance can be given that the company will consummate the purchase.

Financial Condition and Changes in Financial Condition

Overall Operating Results:

         We had no revenues for the quarter  ended March 31, 2003,  or since our
inception.

         We incurred  $28,320 in operating  expenses for the quarter ended March
31, 2003. The expenses  included legal and accounting fees of $8,362 incurred in
connection  with  our  compliance  filings  with  the  Securities  and  Exchange
Commission and fees associated with the preparation of documents relating to the
asset  purchase  agreement.  Mineral  rights  expenses  totaled  $13,666,  which
includes the $10,000  non-refundable  deposit made on the gold mine prospect. In
addition, we had $3,500 in consulting fees related to the gold mine project. The
remaining expenses were incurred for general business operations.


                                       8
<PAGE>

         Operating  expenses  for the quarter  ended March 31, 2002 were $9,495.
Legal and accounting services rendered in connection with our compliance filings
with the SEC were  $4,737.  We incurred  $3,666 in expenses  for mineral  rights
associated with the tungsten operations.  Other operating expenses were incurred
for supplies and stock transfer agent fees.

         The net  operating  loss for the current and prior year  quarters  were
$28,294  and  $9,480,  respectively  and were the  result of the  aforementioned
operating expenses

Liquidity and Capital Resources:

         Since our  inception  we have had minimum  working  capital to fund our
operations.  In order to fund our  operations  we have relied on the sale of our
common stock and loans from shareholders.

         To fund our mining  exploration  operations  to date, we sold shares of
our common stock.  These sales were comprised of 2,364,624  shares of our common
stock  registered in 2001 and our  Regulation S offering of 1,000,000  shares in
2002,  which also had attached  warrants to purchase  2,000,000 shares of common
stock.  These warrants expire on July 31, 2003. All shares and warrants are on a
pre-stock split basis.

         We have also relied on loans from  shareholders to fund operations.  As
of March 31, 2003, two shareholders  have loaned the company a total of $68,883.
These loans are due on demand and bear 10% interest per annum. We currently have
a working capital deficit and only a minimum of operating cash with which we can
fund our future operations.  We must obtain adequate funding in order to conduct
further  evaluations  of the  tungsten and gold  projects  and to implement  our
business  plan.  If  we do  not  receive  adequate  funding,  we  will  have  to
discontinue or substantially scale back our operations.

         We intend to seek  either  debt or equity  capital or both.  We have no
commitments for funding from any unrelated  parties or any other agreements that
will provide us with adequate working capital. We cannot give any assurance that
we will locate any funding or enter into any  agreements  that will  provide the
required  operating  capital to fund our  operations.  In addition,  we may also
consider  strategic  alliances and mergers and acquisitions as a means to pursue
our business plan or otherwise fund the company.

Employees

         We currently have two part-time employees, our president and secretary.
We expect to hire  consultants  and  independent  contractors  who specialize in
mining operations during the early stages of implementing our business plan.

Description of Properties

         Our  executive  office is located at 141 Adelaide  Street  West,  Suite
1004,  Toronto,  Ontario,  Canada.  At this location,  we share an  undesignated
amount of space with another  entity.  Currently,  we are not being  charged any
rent. Any costs of this office space are considered  immaterial to the financial
statements and accordingly are not reflected therein.

         GL Tungsten has an interest in 30 claims  through  Platoro West located
in Mineral County, Nevada.


                                       9
<PAGE>

New Accounting Pronouncements

         In April 2002,  the FASB approved for issuance  Statements of Financial
Accounting  Standards No. 145,  "Rescission of FASB Statements No. 4, 44 and 64,
Amendment of SFAS 13, and Technical Corrections" ("SFAS 145"). SFAS 145 rescinds
previous  accounting  guidance,   which  required  all  gains  and  losses  from
extinguishment  of debt be classified as an  extraordinary  item. Under SFAS 145
classification of debt extinguishment  depends on the facts and circumstances of
the transaction.  SFAS 145 is effective for fiscal years beginning after May 15,
2002 and is not expected to have a material  effect on the  Company's  financial
position or results of its operations.

         In July  2002,  the FASB  issued  Statements  of  Financial  Accounting
Standards  No.  146,  "Accounting  for Costs  Associated  with Exit or  Disposal
Activities"  (SFAS  146).  SFAS  146  requires   companies  to  recognize  costs
associated  with exit or disposal  activities when they are incurred rather than
at the date of a  commitment  to an exit or  disposal  plan.  Examples  of costs
covered  by SFAS 146  include  lease  termination  costs  and  certain  employee
severance  costs  that  are  associated  with  a   restructuring,   discontinued
operation,  plant closing, or other exit or disposal activity. SFAS 146 is to be
applied  prospectively to exit or disposal  activities  initiated after December
31, 2002. The adoption of SFAS 146 is not expected to have a material  effect on
the Company's financial position or results of its operations.

         In December  2002, the FASB issued  Statements of Financial  Accounting
Standards  No. 148  "Accounting  for  Stock-Based  Compensation--Transition  and
Disclosure--an  amendment of FASB Statement No. 123, This Statement  amends FASB
Statement  No.  123,  Accounting  for  Stock-Based   Compensation,   to  provide
alternative methods of transition for a voluntary change to the fair value based
method of accounting for stock-based employee  compensation.  In addition,  this
Statement  amends  the  disclosure  requirements  of  Statement  123 to  require
prominent  disclosures in both annual and interim financial statements about the
method of accounting for stock-based employee compensation and the effect of the
method used on reported  results.  The  adoption of SFAS 148 is not  expected to
have a material  effect on the  Company's  financial  position or results of its
operations.

Inflation

         The Company's results of operations have not been affected by inflation
and  management  does not expect  inflation to have a significant  effect on its
operations in the future.


ITEM 3.  CONTROLS AND PROCEDURES

         Based  on the  evaluation  of the  Company's  disclosure  controls  and
procedures by Mr. Mitchell  Geisler,  both the chief executive officer and chief
accounting  officer of the  company,  as of a date  within 90 days of the filing
date of this  quarterly  report,  such officer has concluded  that the Company's
disclosure  controls and procedures  are effective in ensuring that  information
required to be  disclosed by the Company in the reports that it files or submits
under  the  Securities  and  Exchange  Act of 1934,  as  amended,  is  recorded,
processed,  summarized  and  reported,  within the time period  specified by the
Securities and Exchange Commission's rules and forms.

         There were no significant changes in the Company's internal controls or
in other factors that could  significantly  affect these controls  subsequent to
the date of their  evaluation,  including any corrective  actions with regard to
significant deficiencies and material weaknesses.




                                       10
<PAGE>


                            PART II OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS

         None


ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

Changes in Common Equity

         On April 23,  2003,  a  majority  of the  stockholders  of the  company
approved a change in the capitalization of the Company to effect a reverse split
of the common stock at the rate of one share for every 22 shares outstanding and
thereafter to increase the  authorized  common stock,  $.001 par value  ("Common
Stock"),  from 4,545,454  shares to 100,000,000.  A performance  equity plan for
10,000,000  shares  (on  a  post-stock  split  basis)  of  Common  Stock  ("2003
Performance Equity Plan") was also approved. The rights of the common stock were
not  changed.  These  capitalization  changes  have  not been  reflected  in the
accompanying financial statements.

Recent Sales of Unregistered Securities

         In March 2003, the company issued 170,000 shares of its common stock in
lieu of cash to the Geologist  that wrote the August 2002 report on our tungsten
property.

         In July 25, 2002, the company  completed an offering under Regulation S
to two accredited  investors.  Each investor  subscribed for 500,000 shares on a
pre-stock split basis of common stock for $25,000 cash.  Under the  subscription
agreements the investors  were also granted  common stock  warrants  authorizing
each investor the right to purchase up to 1,000,000  shares of common stock on a
pre-stock  split basis at $0.25 per share, on a pre-stock  dividend  basis.  The
warrants expire on July 31, 2003, if not exercised prior to that date.


ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         None


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         None


ITEM 5.  OTHER INFORMATION

         None


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         a)     Exhibits

         3.1    Certificate of Amendment to the Certificate of Incorporation (1)

         4.1    Form of 2003 Equity Performance Plan (1)

         (1) Previously filed with Form DEF 14c (information statement) on May
5, 2003.

         b)     Reports on Form 8-K

         We filed a current report with the  Securities and Exchange  Commission
on Form 8-K on March 5, 2003 reporting the asset purchase contract,  dated as of
February 25, 2003, to acquire a permitted gold mine as well as two  un-permitted
groups of mining claims,  which may have gold  mineralization.  At its election,
the company may also acquire certain mining equipment.


                                       11
<PAGE>


                                   Signatures


         In  accordance  with  Section  13 or 15(d)  of the  Exchange  Act,  the
registrant  caused  this  report to be signed on its behalf by the  undersigned,
thereunto duly authorized.

                                        REGISTRANT

                                        GL ENERGY AND EXPLORATION, INC.

                                        By: /s/ Mitchell Geisler
                                            --------------------
                                             Mitchell  Geisler, President and
                                             Chairman of the Board (Principal
                                             Executive Officer and Principal
                                             Accounting Officer)
Date:  May 14, 2003




                                       12
<PAGE>


                              FORM OF CERTIFICATION
                       PURSUANT TO RULE 13a-14 AND 15d-14
              UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

                                  CERTIFICATION


         I, Mitchell Geisler, certify that:

         1.     I have  reviewed  this  quarterly  report  on Form  10-QSB of GL
Energy and Exploration, Inc.;

         2.     Based on my knowledge,  this  quarterly  report does not contain
any untrue statement of material fact or omit to state a material fact necessary
to make the  statements  made,  in light of the  circumstances  under which such
statements  were made, not misleading with respect to the period covered by this
quarterly report;

         3.     Based on my  knowledge,  the  financial  statements,  and  other
financial  information included in this quarterly report,  fairly present in all
material respects the financial condition,  results of operations and cash flows
of the  registrant  as of, and for,  the  periods  presented  in this  quarterly
report;

         4.     The registrant's  other certifying officer and I are responsible
for establishing and maintaining  disclosure controls and procedures (as defined
in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

                (a)   designed such disclosure controls and procedures to ensure
that material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,  particularly
during the period in which this quarterly report is being prepared;

                (b)   evaluated the effectiveness of the registrant's disclosure
controls and  procedures  as of a date within 90 days of the filing date of this
quarterly report (the "Evaluation Date"); and

                (c)   presented in this quarterly  report our conclusions  about
the  effectiveness  of the  disclosure  controls  and  procedures  based  on our
evaluation as of the Evaluation Date;

         5.     The registrant's  other certifying officer and I have disclosed,
based on our most recent evaluation,  to the registrant's auditors and the audit
committee of the  registrant's  board of directors  (or persons  performing  the
equivalent functions):

                (a)   all significant deficiencies in the design or operation of
internal  controls  which could  adversely  affect the  registrant's  ability to
record,  process,  summarize,  and report financial data and have identified for
the registrant's auditors any material weaknesses in internal controls; and

                (b)   any  fraud,   whether  or  not  material,   that  involves
management or other  employees who have a significant  role in the  registrant's
internal controls.

         6.     The registrant's  other certifying  officer and I have indicated
in this  quarterly  report  whether  or not there  were  significant  changes in
internal controls or in other factors that could  significantly  affect internal
controls  subsequent  to the date of our most recent  evaluation,  including any
corrective  actions  with  regard  to  significant   deficiencies  and  material
weaknesses.


Date: May 14, 2003                          /s/ Mitchell Geisler
                                            ------------------------------------
                                            Name:  Mitchell Geisler
                                            Title: President and Chief Executive
                                                   Officer and Treasurer



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                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly  Report of GL Energy and  Exploration,  Inc. on
Form 10-QSB for the period ended March 31, 2003 as filed with the Securities and
Exchange Commission on the date hereof (the "Report"),  each of the undersigned,
in the capacities and on the dates indicated below, hereby certifies pursuant to
18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002, that to the best of his knowledge:

1.       The Report fully  complies  with the  requirements  of Section 13(a) or
15(d) of the Securities Exchange Act of 1934; and

2.       The  information  contained  in  the  Report  fairly  presents,  in all
material  respects,  the  financial  condition  and results of  operation of the
Company.

                                            /s/ Mitchell Geisler
                                            -------------------------------
                                            Mitchell Geisler, President and
                                            Chairman of the Board
Dated: May 14, 2003




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