Goldeye Explorations Limited
TSX VENTURE : GGY

Goldeye Explorations Limited

April 08, 2014 08:30 ET

Goldeye Announces Appointment of Richard Nemis to Advisory Board

TORONTO, ONTARIO--(Marketwired - April 8, 2014) - Goldeye Explorations Limited (TSX VENTURE:GGY) is pleased to announce that Richard Nemis will be joining its Technical and Corporate Advisory Board.

Blaine Webster, President and CEO of Goldeye comments: "We are thrilled to be working with Dick again. He was instrumental in the formation and public listing of Goldeye and served as a Director from 1996-2012. His vast experience will be of tremendous assistance as Goldeye advances the Weebigee project through the discovery stage and continues to build shareholder value."

Richard Nemis comments: "I am pleased to again be connected with the company and its flagship Weebigee (Sandy Lake) Gold project. Recently released news on the Weebigee (Sandy Lake) project only confirms the potential of this highly rated high grade Gold project which a dedicated management has persistently pursued for many years!"

Richard Nemis

Mr. Nemis, a Sudbury native, graduated from the University of Ottawa and Osgoode Law School. He practiced in the fields of corporate, commercial and securities law.

He founded Noront Resources Ltd. in 1983 and, in the Ring of Fire, McFaulds Lake area in north eastern Ontario, Noront made major nickel and chromite discoveries. The chromite discovery is potentially considered to be the largest in North America. In recognition of his contributions to the company's success, Mr. Nemis was appointed Chairman Emeritus of Noront and in 2010, Mr. Nemis was a co-recipient of the Bill Dennis Award for a Canadian discovery for prospecting success, by the Prospectors and Developers Association.

Mr. Nemis is currently the President and CEO of Bold Ventures Inc.

Goldeye has granted Mr. Nemis 200,000 options expiring April 7, 2017 to purchase common shares of the Company at an exercise price of $0.15 per share. The grant is subject to any further required regulatory approvals.

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.

About the Weebigee Project

Goldeye's 100% owned Weebigee Project is located 227 kilometres north of Red Lake in Northwestern Ontario and is comprised of 363 claims totaling approximately 6000 hectares. The NW Arm claim block covers approximately 20% of the total project area and hosts the highest density of gold showings in the Sandy Lake Greenstone Belt.

The project is adjacent to Sandy Lake First Nation (population approx. 3000) which has excellent infrastructure including an airport with daily direct flights to Winnipeg, Red Lake and Sioux Lookout and winter road connection to Red Lake. All weather access roads are located within one kilometre of the Knoll, Bernadette and RvG4 areas. Goldeye recently signed a comprehensive Exploration Agreement with Sandy Lake First Nation and is pleased to have a strong, mutually beneficial relationship with the people of Sandy Lake First Nation.

Additional information can be found at www.goldeye.ca.

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.

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