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Chile (Sonia-Puma) | Ontario ( Tyrrell | Boyer Lake | Gold Rock | Sandy Lake | McFaulds Lake ) | British Columbia ( Todd Creek)
Goldeye Explorations Limited
27 Blue Spruce Lane, Thornhill, ON, L3T 3W8, Canada
November 2, 2005
TSX trade symbol: GGY
Goldeye is pleased to announce that it has completed a non-brokered arm’s length private placement on October 31, 2005 for gross proceeds of $ 200,000, subject to acceptance by the TSX Venture Exchange. Two million (2,000,000) units are to be issued at a price of $ 0.10 per unit. Each unit consists of one common share and one non-transferable common share purchase warrant. Each common share purchase warrant entitles the holder to purchase an additional common share for two years at $ 0.15 per share during the first year and $ 0.20 per share during the second year. A finders fee of 10% is payable in units which are the same as the units issued pursuant to the private placement. The securities are subject to a four-month hold period expiring on February 28, 2006.
The proceeds are to be used to finance continuing exploration on Goldeye’s properties and for general administrative expenses and working capital. Currently a 1200m drill program is being conducted on the Company’s Big Dome, Hydro Creek and Clinton claim blocks at Tyrrell Twp., NE Ontario. Goldeye is a Canadian exploration company with projects in Region V of central Chile, Northwestern Ontario (Sandy Lake, Gold Rock) and Northeastern Ontario (Fawcett and Tyrrell Twp.).
For further information please contact B. Webster, C.E.O and President at 905 731 9367, Fax 905 731 9312. Goldeye’s web-site address is http:www:pathcom.com/~goldeye
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.