Silver Eagle Mines Inc.

Silver Eagle Mines Inc.

April 27, 2007 08:06 ET

Silver Eagle Continues to Confirm Depth Extensions of Calvario Vein System

TORONTO, ONTARIO--(CCNMatthews - April 27, 2007) - Silver Eagle Mines Inc. ("Silver Eagle") (TSX:SEG) is pleased to report that recently received assay results from drilling completed on the Calvario Vein system continue to confirm wide extensions of the vein system below the previous exploration limit.

Diamond drill hole 2007-131 intersected 537 g/t Ag Eq(1) over a core length of 21.55 metres on the north side of the Calvario Vein in the area of Martinez #1 shaft. The intercept was encountered beginning at the 354.80 metre mark of the drill hole at approximately 330 metres vertical depth below surface. Summary assay results for this hole are shown in the table below. The intercept correlates with one encountered in previously-reported hole 2006-81 which assayed 301 g/t Ag Eq(1) over a core length of 17.4 metres (see press release dated October 22, 2006), occurring at a vertical depth of 260 metres, or 70 metres above that in 2007-31. The intercepts in these two holes are interpreted to represent a mineralized breccia pipe that correlates with a zone encountered at a depth of 90 metres below surface in the current mine workings (see press release dated March 8, 2007) which returned 252 g/t Ag Eq(1) over a core length of 29.30 metres. True width of the intercepts reported in these drill holes is presently unknown.

Core Inclin- Au Ag Ag
DDH Zone From To Width ation g/t(i) g/t Pb% Zn% Eq.(1)

2007-131 Calvario 354.80 376.35 21.55 -67 0.22 157 2.80 3.18 537

Diamond drill hole 2007-123 intersected 350 g/t Ag Eq(1) over a core length of 20.55 metres on the Calvario Vein in the area of the Calvario Shaft, some 600 metres east of the above intercept in drill hole 2007-131. This intercept was encountered beginning at the 238.25 metre mark of the of the drill hole at approximately 220 metres vertical depth below surface. Summary assay results for this hole are shown in the table below. This wide intercept is made up of a mineralized stockwork zone within an intrusive dyke, bounded by two massive sulphide veins, the first of which is believed to correlate with the main Calvario Vein.

Incl- Est. Au Ag
Core inat- True g/t Ag Eq.
DDH Zone From To Width tion Width (i) g/t Pb% Zn% (1)

123 Calvario 238.25 258.80 20.55 -60 10.27 0.11 127 2.21 1.65 350
including 239.70 243.30 3.60 1.80 0.35 466 7.64 4.07 1,096
including 256.45 258.00 1.55 0.78 0.48 124 3.23 3.12 529

Final assay results from drill hole 2007-108 in the Mill Zone (partial results reported in a press release dated March 30, 2007) intersected 118 g/t Ag Eq(1) over a core length of 10.95 metres, bringing the total mineralized intercepts in this hole to 93 metres within a total core length of 365.25 metres. Summary assay results of all intercepts for this hole are presented below.

Core Inclin- Au Ag Eq.
DDH Zone From To Width ation g/t(i) g/t Pb% Zn% (1)

2007-108 Mill 116.35 162.70 46.35 -45 0.01 17 0.52 0.69 95
including 126.30 128.50 2.00 0.06 60 1.55 1.95 284
including 147.90 160.70 12.80 0.02 33 1.19 1.67 219
181.95 187.45 5.50 0.01 15 0.46 0.50 75
242.80 252.50 9.70 0.04 20 0.63 1.00 129
351.30 359.00 7.70 n/a 14 0.44 0.68 88
410.95 417.35 6.40 n/a 16 0.66 1.02 126
426.55 432.90 6.35 n/a 14 0.14 1.68 163
470.65 481.60 10.95 n/a 14 0.27 1.10 118

(1). Silver equivalent values are calculated on the basis of the following
metal prices: Au $550/oz, Ag $10/oz, Pb $0.50/lb and Zn $1.25/lb.

(i) n/a values not available.

Dr. Hodgson is the Qualified Person (as defined in National Instrument 43-101) who, unless otherwise indicated, supervised the preparation of the scientific and technical information reflected in this press release. Preparation of the above reported assay samples was carried out by ALS Laboratories Ltd. at their facility in Chihuahua, Mexico, with assaying conducted by ALS at their laboratory in North Vancouver, British Columbia.


Terrence H. Byberg

President and CEO

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

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

Contact Information