SOURCE: Golden Eagle International, Inc.

September 06, 2007 10:30 ET

Golden Eagle CEO and Technical Team On-Site Evaluating Status of C Zone Gold Mine Build-Out and Mill Expansion

Company Receives Favorable Environmental Classification for C Zone Gold Project

SALT LAKE CITY, UT--(Marketwire - September 6, 2007) - Golden Eagle International, Inc. (OTCBB: MYNG) announced today that its CEO, Terry Turner, together with the Company's technical team, are at the C Zone in eastern Bolivia this week coordinating and facilitating the gold mine build-out and mill expansion. The C Zone is located on Golden Eagle's Precambrian properties 300 kilometers (180 miles) north of Santa Cruz, Bolivia.

"Our goal is to get the C Zone into production and to attempt to begin seeing a revenue stream in the fourth quarter," stated Mac DeLozier, Golden Eagle's VP for Bolivian Operations. "All of our energies are dedicated to bringing the mine and mill on-line and demonstrating the productive capacity of our Precambrian properties."

The Company also announced that its C Zone project received a favorable classification from the Bolivian Ministry of the Environment. In the final step toward environmental permitting for full-scale production, larger tailings impoundment issues for eventual projected production of up 1,000 tpd at the C Zone, as well as some water resource questions, had to be resolved for environmental and operational reasons during the CEO's visit to Bolivia. With the resolution of those matters this week, the Company is taking the final step for issuance of its environmental permitting for full-scale operations while concluding its mine build-out and mill expansion.

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Golden Eagle International, Inc. is a gold and copper exploration and mining company headquartered in Salt Lake City, Utah and with offices also in Santa Cruz, Bolivia. The Company is concentrating its efforts on expanding its pilot operations into production operations on its gold project on the C Zone within its 136,500 acres (213 square miles) in eastern Bolivia's Precambrian Shield. In addition, the Company is working with Washington Group International, Inc. on a due diligence study on the Company's A Zone Buen Futuro gold and copper project.

The Company highly recommends that you review its disclosures, risk statements, previous press releases, annual reports, quarterly reports and current reports found at its website: www.geii.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND RISKS

Some of the statements in this press release are forward-looking statements and are based on an assumed set of economic conditions and courses of action, including: (a) whether Golden Eagle' will be able to obtain sufficient financing to continue to meet its operational goals; (b) estimates of mineralized material and future production levels; (c) uncertainties that result from actions that may be taken in Bolivia relative to increases in the Complementary Mining Tax, Corporate Income Tax or the amount paid for mining patents [claims fees] in the future; (d) uncertainties that result from social and political conditions in Bolivia; and (e) other risk factors and matters disclosed in Golden Eagle's Securities and Exchange Commission ("SEC") filings that may be accessed at www.sec.gov. There is a significant risk that actual material results will vary from projected results. No information provided in this press release should be construed as a representation, or indication in any form or manner, of the present or future value of the Company or its common stock. Readers of information contained in this press release should carefully review the Company's filings with the SEC that contain important information regarding the Company's financial results, its future plans and their limitations, and the risks involved with the Company's operations. Additionally, nothing in this press release and our plans with respect to the Buen Futuro A Zone gold and copper project should be construed by any means as an indication of whether we will ever conduct successful mining operations in connection with those projects. Golden Eagle disclaims any responsibility to update forward-looking statements made herein.