Goldeye - press release May 23, 2007

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

press release

Goldeye Explorations Limited

105 West Beaver Creek Rd., Suite 5A, Richmond Hill, ON, L4B 1C6, Canada

TSX Venture Exchange Symbol GGY
Goldeye Grants Employee Incentive Options

Toronto, Canada (May 23, 2007)  – Goldeye Explorations Limited (“GGY” or the “Corporation”) is pleased to announce that it has reserved a price of $0.15 per share for the grant of stock options to acquire up to 1,765,000 common shares of the Corporation (the “Stock Options”). The Stock Options will be granted to Directors and Consultants of the Corporation. Each Stock Option entitles the holder thereof to acquire one (1) common share of the Corporation at an exercise price of $0.15 per common share prior to the close of business on May 22, 2012. The grant of the Stock Options is subject to all required regulatory and shareholder approval.

The issued and outstanding shares of GGY are 65,298,664. There are presently 800,000 optioned shares expiring August 19, 2008 and 200,000 optioned shares expiring September 16, 2008. The number of optioned shares available after this grant is 155,036.

Goldeye is a Canadian mineral exploration company acquiring, exploring and advancing properties in Canada and Chile.

For further information please contact B. Webster, C.E.O and President at 905-886-2538, Fax 905-886-8210. Goldeye’s web-site address is www.goldeye.ca.

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

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