GGY Goldeye Explorations Ltd

Goldeye Explorations Limited (TSX VENTURE:GGY) ("Goldeye" or the "Company") is
pleased to announce that an 8 hole diamond drill program has started on its Gold
Rock property on Upper Manitou Lake 30 km south of Dryden, NW Ontario, adjoining
spectacular gold discoveries by Manitou Gold on its Big Master property and
Treasury Metals on its Goldcliff property.


The planned holes will test high priority Spectral IP anomalies associated with
anomalous surface gold occurrences, as well as deeper IP anomalies. Most of the
drill targets are located along structural trends that host the Big Master and
Laurentian mine currently being explored by Manitou.


The drill will also test newly discovered high priority Spectral IP anomalies
indicating fine grained pyrite in the same stratigraphy as the Elora Mine
property. The anomalies are also associated with narrow well shaped resistivity
highs that may be associated with silicification. The Elora and Laurentian Mines
are 1.5 and 0.6 km respectively south of Goldeye's claim block. The Laurentian
produced 8,143 ounces of gold at a grade of 0.4 opt Au. The past producing Big
Master Mine is 1 km south of the Goldeye's Gold Rock property and is the
location of Manitou Gold's discovery in February, 2011 of 53.7 kg/t Au in hole
KW-11-26.


Goldeye's land package is comprised of 76 claim units adjoining the
aforementioned mine properties to the north and 296 claim units covering the
extension of the stratigraphy being explored by Manitou at their Gaffney
Extension property. There has been virtually no historic drilling done on the
Goldeye Gold Rock claim block, despite its close proximity along strike of past
producing gold deposits. Recent success by Manitou Gold and Treasury Metals in
the area highlights the potential of the Manitou Straits deformation Zone
structures that trend through the Gold Rock property. Approximately 700 metres
of drilling is expected in December before freeze-up to follow-up on recent
prospecting and geophysical results.


ABOUT GOLDEYE

Goldeye is a Canadian gold-focused exploration company with properties in
mineral rich, politically secure jurisdictions with long traditions of mining
(Canada and Chile). Goldeye's approach is to advance precious metal.


Forward Looking Statements:

This news release includes certain "forward-looking statements". Such
forward-looking statements involve risks and uncertainties. The results or
events predicted in these forward-looking statements may differ materially from
actual results or events. The Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information,
future events or results or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Goldeye Explorations Limited
Blaine Webster
905-886-2538

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