GGY Goldeye Explorations Ltd

Goldeye Explorations Limited (TSX VENTURE:GGY) ("Goldeye" or "the Company") is
pleased to provide a report on progress at its 100% owned Weebigee Project,
located 230km north of Red Lake in Northwestern Ontario.


Weebigee Project, Sandy Lake, Northwestern Ontario

Following the receipt of a 3-year Exploration Permit and ongoing consultations
with Sandy Lake First Nation, on July 27th 2013 Goldeye mobilized personnel and
equipment to begin the 2013 summer exploration program at the Weebigee Project.


Geological prospecting, field mapping and sampling are underway, with several
highly prospective showings in the Northwest Arm area currently being channel
sampled (approximately 150 samples) and evaluated for drill testing.
Approximately 10 km of line is being cut with spectral induced polarization and
magnetics surveys planned. 


All samples collected are being sent to Activation Laboratories Ltd. in Thunder
Bay, Ontario. Goldeye anticipates receipt of initial assay results in the next
two to three weeks and will release an update once final results from the
program have been received and compiled.


The Weebigee project contains a number of underexplored lode gold targets. The
property's 220 claim units cover the most prospective portions of the Sandy Lake
Greenstone belt with geological similarities to gold deposits in the Red Lake
District. Results from historic exploration programs include high grade grab
samples of up to 187 grams per tonne (g/t) gold (Au) collected in the Northwest
Arm claim block. Base metal showings up to 9% zinc (Zn) and 3% copper (Cu) occur
5km to the south at Sandborn Bay along with grab samples of 352 g/t silver (Ag)
and 1 g/t Au. 


Blaine Webster, President and CEO of Goldeye said: "The commencement of
exploration activities represents another significant step for Goldeye at the
Weebigee Project and highlights the positive relationship that has been built
between Goldeye and Sandy Lake First Nation. The current program is designed to
test an area of high grade lode gold showings, and provide additional
information for a subsequent drill program. The Northwest Arm area holds the
potential to provide a significant discovery which would bring tremendous
benefit to Goldeye shareholders and to Sandy Lake First Nation."


Goldeye is committed to the ongoing consultation process with Sandy Lake First
Nation, the closest Aboriginal community to the Weebigee Project, and
discussions surrounding an Exploration Agreement between Goldeye and Sandy Lake
First Nation are in their final stages. During the current program, Goldeye has
put significant effort into community engagement, training and the creation of
job opportunities for Sandy Lake First Nation band members. Seven band members
have been hired to work on the project and are receiving wide-ranging on-the
job-training. Sandy Lake First Nation will be an important source of personnel,
infrastructure and services for the Weebigee Project during the early
exploration phase, and as the project advances.


Annual and Special Meeting Results

Goldeye is also pleased to report on the results of the Annual and Special
Meeting of Shareholders (the "ASM") held in Toronto, Ontario, on July 25, 2013
at 3:00 pm. 




--  Auditors: McGovern, Hurley, Cunningham, LLP, Chartered Accountants were
    reappointed as auditors of the Company and the directors were authorized
    to fix the remuneration of the auditors. 
    
--  Directors: Blaine Webster, Jorma Hannila, Brian Howlett and Richard Dean
    were re-elected to the Board of Directors of the Company with the
    overwhelming majority of all valid proxies voting in favour of each
    individual nominee. 
    
--  New By-Law 1: The repeal of old By-Law No. 1 and the adoption of new By-
    Law No. 1 was confirmed. New By-law No. 1 is consistent with the
    provisions of the Business Corporations Act (Ontario) and modern
    corporate practice and includes Advance Notice provisions, Notice and
    Access provisions and miscellaneous housekeeping matters. 
    
--  Shareholder Rights Plan: The Company's Shareholder Rights Plan was re-
    approved for a further term of three years from the date of the ASM.



On behalf of the Board of Directors

Blaine Webster, P.Geo., President and CEO

Blaine Webster, P. Geo., is the Qualified Person as defined under NI 43-101 who
has reviewed and is responsible for the technical information presented in this
news release.


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.


FORWARD LOOKING STATEMENTS

This news release contains forward-looking information which is not comprised of
historical facts. Forward-looking information involves risks, uncertainties and
other factors that could cause actual events, results, performance, prospects
and opportunities to differ materially from those expressed or implied by such
forward-looking information. Such statements include the following:
"Approximately 10km of line is being cut with induced polarization and magnetics
surveys planned", "discussions surrounding an Exploration Agreement between
Goldeye and Sandy Lake First Nation are in their final stages", and "the
Northwest Arm area holds the potential to provide a significant discovery which
would bring tremendous benefit to Goldeye shareholders and to Sandy Lake First
Nation." Although the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are reasonable,
undue reliance should not be placed on such information, which only applies as
of the date of this news release, and no assurance can be given that such events
will occur in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, other than
as required by law.


 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Blaine Webster, P.Geo.
President and CEO
416-315-9708
bwebster@goldeye.ca

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