Goldeye Explorations Limited

Goldeye Explorations Limited

September 09, 2008 17:17 ET

Goldeye Grants Directors Incentive Stock Options

TORONTO, ONTARIO--(Marketwire - Sept. 9, 2008) - Goldeye Explorations Limited ("Goldeye" or the "Company")(TSX VENTURE:GGY) is pleased to announce that it has reserved a price of $0.10 per share for the grant of stock options to acquire up to 980,000 common shares of the Corporation (the "Stock Options"). The Stock Options will be granted to Directors of the Company. Each Stock Option entitles the holder thereof to acquire one (1) common share of the Corporation at an exercise price of $0.10 per common share prior to the close of business on September 8, 2013. The grant of the Stock Options is subject to all required regulatory and shareholder approval.

The issued and outstanding shares of GGY total 82,347,895. Prior to the grant, there are 200,000 optioned shares expiring September 16, 2008 and 1,590,000 optioned shares expiring May 22, 2012. The number of optioned shares available after this grant is 150,036.

Goldeye is a Canadian mineral exploration company acquiring, exploring and advancing properties in Canada and Chile.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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