GGY Goldeye Explorations Ltd

Goldeye Explorations Limited (TSX VENTURE:GGY) wishes to announce completion of
first tranche of a partially brokered private placement of (i) up to 5,000,000
non flow-through units at $0.05 per unit; and (ii) up to 10,000,000 flow-through
units at $0.05 per unit. Each non flow-through unit consists of one common share
and one common share purchase warrant with each warrant entitling the holder to
purchase one additional common share for 24 months at a price of $0.10 per
share. Each flow-through unit consists of one common share and one-half of a
common share purchase warrant with each whole warrant entitling the holder to
purchase one additional common share for 12 months at a price of $0.10 per
share. The first tranche resulted in gross proceeds of $110,000 from the sale of
2,200,000 non flow-through units. Goldeye paid $10,000 finder's fee in
connection with this closing. All of the securities will be subject to a four
month hold period.


The proceeds of the private placement will be used on Goldeye's upcoming work
program at the Weebigee Project near Sandy Lake, Ontario. 


ABOUT GOLDEYE 

Goldeye is a Canadian gold-focused exploration company with properties in
mineral rich, politically secure jurisdictions with long traditions of mining.
In Canada, Goldeye holds a 24.5% interest in the Todd Property in British
Columbia, a 100% interest in the Gold Rock, Sandy Lake and Leonard-Fawcett
properties in Ontario and additional claims in Tyrrell Twp. In Chile, Goldeye
owns 100% of the Sonia-Puma property located 180 km north of Santiago.


On behalf of the board of directors of Goldeye Explorations Limited

Blaine Webster, Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


Shares Issued after Financing: 24,248,642

FOR FURTHER INFORMATION PLEASE CONTACT: 
Goldeye Explorations Limited
Blaine Webster
Chief Executive Officer
416-315-9708
bwebster@goldeye.ca

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