GGY Goldeye Explorations Ltd

Goldeye Explorations Limited (TSX VENTURE:GGY) ("Goldeye" or "the Company") has
begun mobilizing crews and equipment in preparation for a 2,000 m diamond drill
program on its Weebigee Project, near the community of Sandy Lake, Northwestern
Ontario, Canada. Goldeye is taking advantage of favourable early winter
conditions to move equipment in along the newly built winter road from Red Lake.
Diamond drilling and support contracts have been signed with Minotaur Drilling
Inc. and Ackewance Exploration and Services. Drilling is expected to commence on
or before February 5.


The focus of the program will be along a broad structural corridor that hosts
the Knoll, Bernadette and RvG4 showings. Channel sampling of these showings in
2013 returned significant gold values up to 43.5 g/t Au (1.27 opt) at
Bernadette, 41.1 g/t Au (1.20 opt) at RvG4, and 53.8 g/t Au (1.57 opt) at Knoll.
High grade gold values at Knoll are associated with zones of intense
silicification within wider envelopes of auriferous
silica-biotite-carbonate-pyrite alteration. Channel cuts across this
mineralization returned 28.31 g/t Au over 1.07 metres and 12.35 g/t Au over 1.86
metres.


It should be noted that the showings within this mineralized corridor have
received relatively little historic diamond drilling and that much of the
bedrock at Sandy Lake is obscured by clay overburden. The current diamond
drilling program has been designed to extend the strike length of higher grade
gold zones as they trend under clay cover. Follow-up detailed ground work will
examine the geophysical and geochemical signatures of the zones to help guide
further drilling. This will provide key information to eventually enable
efficient exploration of the entire land package at Weebigee.


Blaine Webster, President and CEO, commented: "There has been no drilling in the
Weebigee Project area since 1988, with less than 50 holes having been drilled in
the history of the entire Sandy Lake Greenstone Belt. Our 2013 channel sampling
program returned significant gold values in all areas sampled. The strongest
alteration and gold mineralization was observed at Knoll and this will be the
focus of the current drilling program. The results and knowledge gained from
this drilling will be used to explore a larger area around Knoll, as well as
many other targets as we move through 2014. Goldeye is exploring for high grade,
high quality gold deposits, and the sampling grades at Weebigee so far are
encouraging. This is an exciting project that benefits from the fact that it is
located close to established infrastructure and a ready workforce in nearby
Sandy Lake. Goldeye has recently signed an Exploration Agreement with Sandy Lake
First Nation (See Press Release date Nov 18, 2013) and we look forward to
working as partners with SLFN to advance the project." 


On behalf of the Board of Directors,

Blaine Webster, P.Geo., President and CEO

ABOUT GOLDEYE

Goldeye is a Canadian gold-focused exploration company with properties in
mineral rich, politically secure jurisdictions having long traditions of mining.
Weebigee is Goldeye's flagship project. In Canada, Goldeye also holds a 24.5%
interest in the Todd Property in British Columbia's Golden Triangle, a 100%
interest in the Gold Rock and West Shining Tree 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. 


Additional information can be found at www.goldeye.ca

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: "The results
and knowledge gained from this drilling will be used to explore a larger area
around Knoll, as well as many other targets as we move through 2014." 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: 
Goldeye Explorations Limited
Blaine Webster, P. Geo.
President and CEO
416-315-9708
bwebster@goldeye.ca


Goldeye Explorations Limited
Robin Luke Webster
Manager, Corporate Affairs and Community Relations
416-877-6389
rwebster@goldeye.ca
www.goldeye.ca

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