Goldeye Explorations Limited
TSX VENTURE : GGY

Goldeye Explorations Limited

April 27, 2011 09:15 ET

Goldeye to Commence Drilling at Shining Tree Gold Project

Hires Coordinator of Investor Relations

TORONTO, ONTARIO--(Marketwire - April 27, 2011) - Goldeye Explorations Limited ("Goldeye" or "the Company") (TSX VENTURE:GGY) is pleased to announce that a 2,500 to 3,000 metre diamond drilling program will commence on April 27, 2011 on its Shining Tree project in northeastern Ontario. The project, approximately 20 kilometres west of Gowganda, located in Tyrrell Township, straddles the Tyrrell Shear Zone ("TSZ") for a strike length of approximately five kilometres. The TSZ is a significant structure in the area; it and its associated structures are related to a considerable number of gold occurrences on the Goldeye property, as well as with the Temex Resources Corp. Juby Deposit (614,000 million indicated ounces of gold grading 1.36g Au/t and 602,000 inferred ounces grading 1.14 g Au/t) which is located approximately two and one-half kilometres along strike from the Goldeye boundary. Specific target areas including Hydro Creek, Gold Pit, West Zone, Cigar Lake and the West Tyrrell Iron Formation are planned to receive at least 12 holes.

Goldeye is particularly pleased to announce that it has contracted Mr. Malcolm Finlay as Coordinator of Investor Relations. Mr. Finlay has worked in Investor Relations for over 20 years, having been president of Finlay Kilgour Inc. and Finlay International Ltd. during that period. Both companies, very successfully, specialized in providing for new listings for companies planning to go public, and had a significant number of clients in the mining resource sector. Mr. Finlay will be commencing work with Goldeye immediately.

ABOUT GOLDEYE

Goldeye is a Canadian gold-focused exploration company with properties in mineral rich, politically secure jurisdictions with long traditions of mining (Canada and Chile). Goldeye's approach is to advance precious metal deposits to the development stage, employing, in part, technically advanced geophysical techniques. The qualified person (within the meaning of National Instrument 43-101) who read and approved this press release for Goldeye is Blaine R. Webster President and C.E.O. of Goldeye.

Forward Looking Statements:

This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. The Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

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 or accuracy of this release.

Contact Information