Goldeye - press release November 14, 2005

Chile (Sonia-Puma) | Ontario ( Tyrrell | Boyer Lake | Gold Rock | Sandy Lake | McFaulds Lake ) | British Columbia ( Todd Creek)

press release

Goldeye Explorations Limited

27 Blue Spruce Lane, Thornhill, ON, L3T 3W8, Canada

November 14, 2005
TSX trade symbol: GGY

Goldeye hits High Grade Gold and “New Zone”, Tyrrell Twp. NE Ontario

Goldeye is pleased to announce that DDH G05-22 has intersected a new high grade gold zone on the Big Dome and a new zone that indicates the mineralized system is improving with depth. Swastika Laboratories conducted FA-AAS gold analyses on samples submitted by Goldeye. Samples containing more than 1 g/t Au, or every tenth sample, were re-analyzed to document laboratory precision.

The lithology hosting the high grade gold mineralization has been intersected over a strike length of 600m with gold values of 3 g/t Au over 3 to 4m from 150 to 600m to the west. Inversions on the down hole IP data indicate the zones are thick and well mineralized. Diamond drilling will continue to test both zones. 

Drill Hole Intersection Width Grade Au Comments
G-05-22Big DomeSection 121+50E 199.5 to 201.55m 2.05m 217.52 g/t Sheared siltstone with 2-3% pyrite minor graphite
G-05-22 200.6 to 201.0 0.40m 1,097.07 g/t Strong pyrite green selvage freegold quartz vein
G-05-22 294.3 to 328.1 33.8m 0.27 g/t 5 samples from 1.15 to 1.27g/t Au'New Zone'
H-05-29Hydro CreekSection 108+50E 385m to 445m 60m To be assayed Highly altered felsic volcanics /seds with disseminated pyrite.Undercut hole DDH-23 which assayed 6.5g/t Au over 7.5m in an interval that assayed 4.28g/t Au in 1995.

The Tyrrell project is located 90 km south of Timmins and consists of over 200 claim units owned 100% by Goldeye, a Canadian exploration company with projects in NE Ontario (Fawcett and Tyrrell Twp.), NW Ontario (Sandy Lake, Gold Rock) and Region V of central Chile. Gerald Harron, P. Eng. is the qualified person responsible for the technical information contained in this release.

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 www.pathcom.com/~goldeye

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