Goldeye Announces $1.5 Million Private Placement

TORONTO, ONTARIO -- (MARKET WIRE) -- 09/14/10 -- Goldeye Explorations Limited (TSX VENTURE: GGY) is pleased to announce that it intends to complete a brokered private placement of approximately $1,500,000 through Pope & Company Limited (the "Agent") on or about September 28, 2010. The offering consists of a combination of flow-through units and non-flow-through units at a price of $0.10 per unit. Each non-flow-through unit consists of one common share and one common share purchase warrant, exercisable at a price of $0.125 for two years. Each flow-through unit consists of one flow-through common share and one-half of a common share purchase warrant, with a full warrant being exercisable at a price of $0.15 for two years. The securities are subject to a four month hold period. A commission of 8% of the cash proceeds will be paid to the Agent as well as broker warrant units equal to 10% of the number of units sold.

The proceeds of the flow-through financing will be used for mineral exploration, predominantly on Goldeye's Tyrrell Property in the Shining Tree area of Ontario qualifying as Canadian Exploration Expense (CEE) under the Income Tax Act (Canada) enabling the subscriber to obtain applicable tax credits and deductions. The proceeds of the non-flow-through financing will be used for general and administrative purposes and to finance mineral exploration on Goldeye's mining properties.

Goldeye is pursuing gold projects in Canada: Tyrrell (Shining Tree, Ontario) and Sandy Lake (Ontario); and its silver/gold project in central Chile, Sonia Puma.

For information on participating in this financing, please contact Pope & Company Limited directly at (416) 588-6419 or email alex@popecompany.com.