Goldeye - press release February, 2 2006

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

Shares issued prior to this private placement: 30,800,682

Goldeye Private Placement

Toronto, Canada, February 2, 2006 – Goldeye Explorations Limited (Goldeye) is pleased to announce that it has completed a non-brokered arm’s length private placement for proceeds of $205,200, subject to acceptance by the TSX Venture Exchange. 1,140,000 flow-through units of Goldeye are to be issued at a price of $0.18 per flow-through unit. Each flow-through unit consists of one flow-through common share and one half of a non-transferable common share purchase warrant. Each common share purchase warrant entitles the holder to purchase an additional common share for two years at $0.25 per share for a two-year period.

The proceeds are to be used to finance Goldeye’s drilling programs on its Tyrrell Twp. Property in NE Ontario.

Goldeye is a Canadian exploration company with projects in NE Ontario (Tyrrell Twp., Fawcett Twp.), NW Ontario (Sandy Lake, Gold Rock), British Columbia (Todd Creek property in the Stewart Gold Camp), and Region V of central Chile (Sonia property).

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.