Goldeye Explorations Limited TSX VENTURE: GGY

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DDH G 08-32, 1.5 m of 39 g/t Au; DDH G 08-33, 3.2 m of 5.23 g/t Au including 1.2 m of 9.43 g/t Au occurring 230 m below 1998 assay of 1.4 m of 149 g/t Au

TORONTO, ONTARIO--(Marketwire - Feb. 9, 2009) - Goldeye Explorations Limited ("Goldeye")(TSX VENTURE:GGY) is pleased to announce results obtained to date on its Tyrrell Township drill program.

Big Dome

DDH 08-32 intersected 39.3 g/t Au over 1.5 m in a 190 m undercut of DDH 98-09 that intersected 1.4 m of 149 g/t Au. Two hundred and thirty m below DDH 98-09, a second hole G 08-33 intersected 5.23 g/t Au over 3.2 m.

The samples are now being assayed by screened metallics, the method of choice for dealing with coarse grained visible gold mineralization. (See www.goldeye.ca for sections and plans of new and previous holes and for pictures of the G-33 high grade sample.)

A geological compilation of the Big Dome drilling has identified a large feldspar porphyry intruding both mafic volcanics and sedimentary rocks in the Tyrrell Shear Zone.

The high grade intersections occur in these lithologies proximal to the top and bottom of the felsic intrusive. In 1998, drill samples from similarly altered metasedimentary and volcanic rocks 600 meters to the west assayed 3 g/t Au over 3m at shallow depths.

Another 1998 hole 100 m to the west of G 98-09 intersected 4 m of 3.28 g/t Au. Based on the improved geological model derived from the current drilling, these 1998 holes will be extended to test the high-grade mineralization associated with the footwall contact of the feldspar porphyry.

Three other holes drilled in 2005 on the Big Dome located on section 121+50 also intersected high-grade mineralization and additional holes intersecting the zone returned lower gold values. The composite picture, conveyed in this press release, suggests the presence of multiple zones of mineralization over a larger area than previously recognized.

Hydro Creek

Five new holes were drilled on the Hydro Creek block 1.5 km to the NW of the Big Dome.

Three of these holes were designed to test the La Carte North Zone discovered in 2003 where a saw cut channel sample returned 5.79 g/t Au over 16 m. Hole G 08 -34 was drilled 50 m east of hole HC-23 that intersected 14 m of 4.28 g/t Au including 6.42g/t Au over 7.5 m. Hole G 08 -34 has intersected 138 m of sediments and altered komatiites. Some sections contain pyrite and quartz veining.

A second deep hole was drilled 125 m west of HC-23 to test an un-drilled area that may contain a roll structure in the Tyrrell Shear Zone (TSZ) that may focus the mineralization as it occurs in HC-23. The hole intersected 64 m of altered sediments with 5% pyrite and sericite alterartion.

Hole H 08-36 intersected 46 m of altered sediments with 3-5% sulphides with sericite alteration.

Old holes HC-22 and HC-18 intersected 40 m of 0.3 g/t Au and 60 m of 0.6 g/t gold respectively. The syenite porphyry is the host rock for the Kirkland Lake and Matachewan mining camps and the mineralization in Holes HC-18 and HC-22 will be followed up with drilling and Deep IP. The trachyte has a strike length of 1.5 km where it intersects the TSZ.

A comparison of the geology at Hydro Creek/Tyrrell and Kirkland Lake was made by Roland Ridler, Phd. in 2003 and is posted on the Goldeye website.

In summary, Mr. Ridler states that the location of the Tyrrell mineralization and the (TSZ) relative to the Round Lake Batholith (RLB) is the mirror image of Kirkland Lake Gold Camp. The presence of the RLB controlled the development of the Larder Lake Break at Kirkland Lake and the same mechanisms formed the TSZ.

The Kirkland Lake/Tyrrell comparison can also be made with the lithologies at Tyrrell that contain gold mineralization. At Hydro Creek there are altered (carbonatized) ultramafic rocks assaying 16 m of 5.7 g/t Au (trench samples). Adjacent to the ultramafics there are altered Temiskaming sediments that returned an assay of 14 m of 4.5 g/t Au (DDH HC-23). Lastly, where the trachyte or syenite porphyry is cut by the Tyrrell Shear Zone there are highly anomalous values such as in DDH HC-18 that intersected 80 m of 0.6 g/t Au including 8 m of 1 g/t Au.

The Ridler report states that Goldeye's Tyrrell property package has excellent potential warranting significant ongoing exploration and drilling.

A program of Deep Penetrating IP is planned to test the syenite porphyry where it intersects the TSZ over the strike length of 1600 m at Hydro Creek. The purpose of the survey is to locate sulphide concentrations that may be associated with gold mineralization in the TSZ. Drill results on Big Dome and Hydro Creek and results from the Deep IP program will be reviewed for a new drill program.

The existence of both the Hydro Creek and Big Dome gold zones within a 5 km long section on the property illustrates the potential of the TSZ to host gold on the entire length of the TSZ on the Goldeye property. Hole G-17 located 1km east of the Big Dome intersected 7.8m of 0.57g/t Au and should be followed up. Less than 1.5km of the 5km Tyrrell Shear Zone on the Goldeye property has been drilled tested, which suggests excellent potential for the discovery of additional high grade gold mineralization.

The programs' design, and quality assurance is under the control of Gerald Harron P Eng. The diamond drill holes completed in 2008 were recommended in a December 2007 43-101 report by Strathcona Mineral Services (Dr. Rheinhard Von Guttenberg, P. Geo.). The drill core samples are cut with a saw, with one-half sent for analyses and the other half archived. The samples are shipped to Swastika Laboratories of Swastika, Ontario and analyzed using standard fire assay techniques and occasionally a screened metallic assay method. For Q/A purposes, Goldeye submits one standard and one blank sample in every batch of 20 samples. The lab also repeats assays and submits standards as part of an internal QA/QC program. The pulps and rejects are stored in Goldeye's facilities for future reference.

Goldeye has three other high potential gold properties: 1) Sandy Lake NW Ontario, 2) Todd NW B.C. (50% Goldeye) and 3) The Sonia project in central Chile. Goldeye has been advancing these projects over the past several years and they are all drill ready.

Forward-Looking Statements

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations or projections. Accordingly, readers should not place undue reliance on forward-looking statements. For a more detailed discussions of such risks and other actors, refer to Goldeye Explorations Limited's filings with Canadian securities regulators available on www.sedar.com or the Company's website.

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