Goldeye Explorations Limited

http://finance.yahoo.com/news/Goldeye-Closes-Financing-with-ccn-2199475734.html?x=0&.v=1

TORONTO, ONTARIO--(Marketwire - Jan. 5, 2010) - Goldeye Explorations Limited (TSX VENTURE:GGY - News) is pleased to announce the completion of a private placement for gross proceeds of $400,000 through the sale of 4,705,880 flow-through units at a price of $0.085 each to MineralFields Group. Each flow-through unit consists of one flow-through common share and one-half of a non-flow-through common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at $0.12 per share for a two year term. The securities are subject to a four month hold period. Limited Market Dealer Inc. was paid a 5% cash finder's fee of $20,000 and 470,588 broker options (10% of units sold). Each broker option entitles the holder to acquire one additional unit at an exercise price of $0.085 per unit until December 31, 2011. Each unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at an exercise price of $0.12 per share until December 31, 2011.

The proceeds of this offering will be used for mineral exploration on Goldeye's Ontario mineral properties qualifying as Canadian Exploration Expense (CEE) under the Income Tax Act (Canada) enabling the subscriber to obtain applicable tax credits and deductions.

An extended 4,000-meter drill program on Goldeye's Tyrrell Township property has been completed on the Big Dome gold zone. Goldeye is awaiting assays and will compile and issue results when available.

Goldeye's C.E.O. and President, Blaine R. Webster, stated, "We are very pleased to be continuing our relationship with MineralFields Group. This is an important milestone in the growth of Goldeye Explorations Limited and we appreciate the support from MineralFields Group as we develop Goldeye's holdings in its Canadian exploration projects."

About MineralFields, Pathway and First Canadian Securities ®

MineralFields Group (a division of Pathway Asset Management), based in Toronto, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Fund Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities® is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities®.

Goldeye is also pleased to welcome Greg Furyk, CA to its Board of Directors, subject to approval of the TSX Venture Exchange. Mr. Furyk has 10 years experience in public accounting as a senior assurance manager at two Toronto based public accounting firms. He has also provided ongoing accounting, tax and finance consulting services to both private and publicly-traded companies within the mining and exploration, bio-technology and service-related industries. Mr. Furyk is presently engaged as the Controller of BioExx Specialty Proteins Ltd., a TSX Venture listed company involved in the development and deployment of value-added agricultural technologies. He holds a Bachelor of Commerce degree from Ryerson University.

Shares issued prior to this Financing: 117,030,245

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

Blaine Webster
Goldeye Explorations Limited
C.E.O and President
(905) 731-9367 or (905) 886-2538
goldeye@goldeye.ca
www.goldeye.ca