SOURCE: Golden Eagle International, Inc.

September 14, 2007 09:00 ET

Golden Eagle Relocates Mill Site to Alleviate Environmental Concerns & Accommodate Higher Projected Production at C Zone Gold Project

SALT LAKE CITY, UT--(Marketwire - September 14, 2007) - Golden Eagle International, Inc. (OTCBB: MYNG) announced today that due to environmental concerns that have arisen regarding the Ibaimini marshland near the tailings impoundments for the C Zone, the Company is relocating its mill site 700 meters (2,300 feet) to the southwest of the location of its present modified pilot mill.

Golden Eagle's technical team has reviewed data suggesting that the C Zone's production could grow more rapidly than anticipated in a short period. In addition, the Company's contract miner has indicated that once C Zone operations have reached a projected 1,000 tpd, it can immediately begin moving toward the goal of 2,000 tpd. This potential scenario would require an expanded tailings impoundment and caused the technical team to review environmental concerns about the impacts to the nearby marshland. The decision was made to move the mill in order to ensure that Golden Eagle follows the very highest environmental standards.

The Company estimates, but cannot assure, that its mill build-out on the new site will be delayed by a minimum of approximately 60 to 90 days to allow for site improvements and infrastructure construction, as well as additional permitting. The relocation and infrastructure work has been initiated.

"While this move sets back our expected timeline on the initiation of gold production at our C Zone project, we will now have a better mill site, closer and more accessible to the mine, in which to grow that production rapidly and without the environmental concerns that may have hampered our progress before," stated Golden Eagle's CEO, Terry Turner. "Our goal will be to quickly make up for lost time at this new, more advantageous mill site. Our mill is designed for rapid expansion and we intend to increase our production as fast as circumstances will allow. All information available to us on this property indicates that there are substantial resources that can be commercially mined, although we must obtain the necessary permitting to commence full-scale operations. We believe that we have adequately provided for the financing of these operations."

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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 continuing the development of its Buen Futuro A Zone 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:


Some of the statements in this press release are forward-looking statements and are based on current expectations, assumptions and estimates. Words such as "believe," "expect," "may," "anticipate," "project," or similar expressions, are intended to identify "forward-looking statements." Forward-looking statements carry certain risks regarding 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 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. Additionally, nothing in this press release and plans with respect to the A or C Zone projects should be construed by any means as an indication of whether the Company will ever conduct successful mining operations in connection with those projects. Golden Eagle disclaims any responsibility to update forward-looking statements made herein.