Goldeye Explorations Limited
TSX VENTURE : GGY

Goldeye Explorations Limited

October 29, 2015 08:00 ET

Goldeye Announces Management Changes

TORONTO, ONTARIO--(Marketwired - Oct. 29, 2015) - Goldeye Explorations Limited (TSX VENTURE:GGY) ("Goldeye" or the "Company") announces that Robin Luke Webster, the Company's President, has been appointed Chief Executive Officer and will serve on Goldeye's Board of Directors.

As part of the consolidation of management roles, Blaine Webster has resigned from the position of Chief Executive Officer effective immediately. He will remain a director and continue to advise on technical matters.

Robin Luke Webster comments, "Blaine has made an incalculable contribution to Goldeye since founding the Company. Of particular note, recent achievements and discoveries at the Weebigee Project (Sandy Lake) would not have been possible without his hard work, determination, and commitment to building strong relationships with aboriginal partners. On behalf of the Board of Directors I would like to thank Blaine for all that he has done."

"Goldeye's primary objective is to build shareholder value through the advancement of the Company's core Ontario projects and a management approach that is both focused and disciplined. Goldeye's primary focus will remain on Weebigee, where the Company is working with GPM Metals Inc. to advance the project. Also in good standing are Goldeye's claims at the Gold Rock Project, approximately 30 km south of Treasury Metals Inc.'s Goliath Gold Project, and the West Shining Tree Project, which is adjacent to the Juby Gold Project recently acquired by Lake Shore Gold Corp."

Goldeye also reports that Mackenzie (Mac) Watson has extended his commitment to serve on Goldeye's Technical and Corporate Advisory Board. Goldeye has granted Mr. Watson 200,000 options expiring October 28, 2020 to purchase common shares of the Company at an exercise price of $0.05 per share. The grant is subject to any further required regulatory approvals.

On behalf of the Board of Directors,

Robin Luke Webster

President and Chief Executive Officer

About Goldeye Explorations Limited

Goldeye Explorations is a gold-focused junior exploration company engaged in the exploration and evaluation of mineral properties in Ontario, Canada.

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

Forward Looking Statements

This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook. Such statements include those regarding the Company's intention to maintain its primary focus on Weebigee.

Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding availability of capital. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company's anticipated projects, delays or changes in plans with respect to the development of the Company's anticipated projects by the Company's third party relationships, risks affecting the Company's ability to execute projects, weather and other environmental risks and the inability to raise additional capital. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

Neither the 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 and/or accuracy of this release.

Contact Information

  • Goldeye Explorations Limited
    Robin Luke Webster
    President and Chief Executive Officer
    Tel: + 1 (905) 886 2538
    Cell: +1 (416) 877 6389
    rwebster@goldeye.ca