Goldeye - press release December 23, 2005

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press release

Goldeye Explorations Limited

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

December 19, 2005
TSX trade symbol: GGY

Goldeye’s High Grade Gold in DDH G-05-23 increases by 57% in Re-assay.

Goldeye is pleased to announce that screened and metallic gravimetric assay of the original 2.09m interval grading 47 g/t Au/t in DDH G05-23 has increased the content to 80.7g Au /t /2.09m, underscoring the importance of the coarse grained gold contained in the sample. The interval is located 165m directly below the previously announced Upper High Grade zone that assayed 217g/Au/t / 2.05m.

The Big Dome High Grade zones occur in 3 separate vein systems each separated by 100m with each zone being 1.5 to 2m thick and grading between 80.7g/t and 217g/Au/t. A detailed drilling program is required to determine the size, extent and grade of the zones. The favourable high grade gold bearing lithologies have undergone limited drill testing over a strike length of 600m and to a depth of 400m. The true thickness of the veins is not known.

Drill Hole	Intersection	Width	Grade Au	Comments
G-05-23 Big Dome	377.16 to 379.25m1,237.42ft to 1,244.3ft	2.09m /6.9ft	80.7 g/t 2.36 opt	New or Middle High Grade Zone Sheared siltstone/0.50 quartz feldspar vein with 3-4% pyrite with visible Au
G-05-23	378m to 378.5m 1,240.2ft to 1,241.8ft	0.5m / 1.6ft	330 g/t 9.64 opt	Quartz feldspar quartz vein; 3-4% pyrite. Gold is visible across lower 10cm and into wall rock.
G-05-23	376.2m to 382.6m 1,234.3ft to 1,255.3ft	6.4m / 21ft	27.15g/t0.79 opt prev.reported	New Zone or "Middle Zone"
G-05-23 Section121+50E	382.6m to 391.1m 1255.2ft to 1,283.2ft	8.5m / 28ft	NIL	Diabase may cut off mineralization in this area.
G-05-23	391.10m to 393.50m 1,283.1ft to 1,291ft	2.4m / 7.9ft	3 g/t 0.09 opt prev.reported	Mafic metavolcanic flow.
G-05-23	410.00m to 411.50m 1,345.1ft to 1,350ft	1.5m / 4.9ft	13.3 g/t 0.39 opt	Ultramafic Metavolcanics
G-05-23	453.0m to 454.50 1345.1ft to 1350ft	1.5m 4.9ft	10.42g/t0.30 opt	Metavolcanic 2 to 3% Sulphides
G-05-22 Big Dome Section 121+50E	199.5m to 201.55m 654.5ft to 661.3f	2.05m / 6.8ft	217 g/t 6.34opt prev.reported	Upper High Grade Zone Sheared siltstone with 2-3% pyrite minor graphite.
G-05-22	200.6m to 201.0m 658.1ft to 659.4ft	0.4m / 1.3 ft	1,097 g/t 32.03 opt prev.reported	Strong pyrite green selvage freegold quartz vein
G-05-22	294.3m to 328.1m 965.5ft to 1076.4ft	33.8m / 110.9ft	0.27gt 0.0078 opt prev.reported	New Zone - 5 samples range from 1.15 to 1.27g/t Au
G-05-22	396.0m to 397.5m 1299.2ft to 1304.1ft	1.5m / 4.9ft	5.01 g/t 0.146 opt	Lower High Grade (#9) Zone Green carbonate with quartz veining. Visible gold in narrow quartz vein.

Two zones each 1.5m thick have been located at 410m (13.3g Au/t) and 453m (10.42g Au/t) down the hole indicating new good grade gold mineralization is being located at depth.

A new program of drilling planned to commence in early January 2006 will test the high-grade mineralization to depth and along strike.

Swastika Laboratories conducted FA-AAS and gravimetric gold analyses on samples submitted by Goldeye. Samples containing more than 1 g/t Au, or every tenth sample, were reanalyzed to document laboratory precision.

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.

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