GGY Goldeye Explorations Ltd

Goldeye Explorations Limited (TSX VENTURE:GGY) wishes to announce that the total
gross proceeds raised in the partially brokered private placement previously
announced on August 19th has been revised to $447,500 from the sale of 5,750,000
non flow-through units at $0.05 per unit and 3,200,000 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. 


Goldeye paid a total of $35,825 cash commissions and issued a total of 346,500
agent's broker warrants in connection with this financing. All of the securities
will be subject to a four month hold period.


The proceeds of the flow-through financing will be used for mineral exploration
on Goldeye's Weebigee Project near Sandy Lake, Ontario qualifying as Canadian
Exploration Expense (CEE) under the Income Tax Act (Canada) enabling the
subscriber to obtain applicable tax credits and deductions. The non flow-through
financing will be used for costs of the private placement, general
administrative expenses and overhead, and exploration on the Weebigee Project.


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: 30,998,642

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

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