Goldeye Explorations Limited
TSX VENTURE : GGY

Goldeye Explorations Limited

August 12, 2015 18:09 ET

Goldeye Announces Completion of a Private Placement

TORONTO, ONTARIO--(Marketwired - Aug. 12, 2015) - Goldeye Explorations Limited (TSX VENTURE:GGY) wishes to announce completion of the second tranche of a previously announced (News Release dated July 23, 2015) partially brokered private placement resulting in a further $50,000 from the sale of 1,000,000 units at $0.05 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for 24 months at a price of $0.10 per share subject to possible acceleration if the trading price exceeds $0.30 for 14 consecutive trading days. No commissions were payable in connection with this tranche of the financing.

All of the securities will be subject to a four month hold period expiring December 13, 2015. The proceeds of this financing will be used to fund further exploration and development on Goldeye's mineral exploration properties, including the Weebigee Project, as well as general and administrative expenses.

On behalf of the Board of Directors,

Blaine Webster, P.Geo., Chief Executive Officer

About Goldeye Explorations Limited

Goldeye Explorations is a Canadian junior exploration company engaged in the acquisition, exploration and evaluation of properties in mineral rich, politically secure jurisdictions.

Goldeye's Weebigee Project is located approximately 225 north of Red Lake at Sandy Lake in Northwestern Ontario and covers the heart of the highly prospective Sandy Lake greenstone belt. Goldeye is pleased to be working with both GPM Metals Inc. and Sandy Lake First Nation at Weebigee. In 2013, Goldeye and Sandy Lake First Nation signed a comprehensive Exploration Agreement in regards to the project. Goldeye enjoys a strong, mutually beneficial relationship with the people of Sandy Lake First Nation.

Goldeye has additional properties in Ontario (Gold Rock, and West Shining Tree), and British Columbia (Todd Creek).

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.

Shares Issued after completion of Financing: 50,053,597

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