GGY Goldeye Explorations Ltd

Goldeye Explorations Limited (TSX VENTURE:GGY) is pleased to provide an update
on progress at its Weebigee Project near Sandy Lake, Northwestern Ontario.
Favourable winter conditions have allowed Goldeye to near completion of the
initial drill program at Weebigee well before break-up conditions become a
factor.


Drilling commenced on February 8 and as of February 25, 18 holes have been
completed totalling 1,530 metres. Goldeye anticipates that 4 additional holes
will be completed by Sunday March 2 bringing the total metres drilled to 1,900.
Drilling has focused along a broad structural corridor that hosts the Knoll,
Bernadette and RvG4 showings. Fine visible gold has been identified in 50% of
the holes drilled to date.


Drill core from approximately 50% of the holes has been processed at the core
facility in Sandy Lake and sent to Activation Laboratories in Thunder Bay. All
assays are pending. Goldeye anticipates that core logging and sampling from the
remaining holes will be completed in the next 2 weeks with a final compilation
of drill results from the program being available by the end of March. 


Blaine Webster, President and CEO of Goldeye, commented: "The drill program has
thus far met our expectations. The identification of visible gold in drill core
in each of the showing areas is very encouraging, as is the nature and extent of
the quartz veining/alteration zones. Geological and structural controls on the
gold-bearing system are now much clearer. We eagerly await the assays which will
be forthcoming in the next few weeks to allow us to fully update our investors
and partners on the progress Goldeye has made at Weebigee. As results are
received, Goldeye expects to be able to decide whether to continue drilling
before spring break-up. Goldeye would like to thank its contractors for their
efforts in expediting all the stages of this program. Goldeye can now
efficiently plan and execute its 2014 exploration efforts at Weebigee. Goldeye
would also like to thank Sandy Lake First Nation for its ongoing support."


The contents of this news release have been reviewed and approved by David
Jamieson, P.Geo., Technical Advisor for Goldeye, and Blaine Webster, President
and CEO of Goldeye, both of whom are qualified persons as defined in NI 43-101.


Goldeye will be exhibiting at PDAC on Sunday March 2 and Monday March 3 at Booth
#2405A in the Investors Exchange, and will have core on display.


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. The Weebigee Project,
100%-owned by Goldeye, is located near Sandy Lake, 227 kilometres north of Red
Lake in Northwestern Ontario, and comprises 363 claim units totaling
approximately 6,000 hectares. The project covers many of the most highly
prospective gold and base metal showings in the Sandy Lake Greenstone Belt.
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: "Goldeye
anticipates that 4 additional holes will be completed by Sunday March 2 bringing
the total metres drilled to 1,900", "Goldeye anticipates that core logging and
sampling from the remaining holes will be completed in the next 2 weeks with a
final compilation of drill results from the program being available by the end
of March" and "As results are received, Goldeye expects to be able to decide
whether to continue drilling before spring break-up". 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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