Goldeye Explorations Limited

http://www.goldeye.ca/

GOLDEYE DISCOVERS 58.38 g/t Au AND 531.7 g/t Ag, 2.43% Cu, 21% Pb OVER 0.5m ON LURDES VEIN ON SONIA PROPERTY IN CENTRAL CHILE

TORONTO, ONTARIO, June 29, 2011 - Goldeye Explorations Limited (“Goldeye” or “the Company”) (TSX VENTURE: GGY) is pleased to announce the results of its recently completed trenching, channel sampling, geologic mapping, and magnetometer and VLF-EM surveying on its Sonia Property, approximately 180 kilometres north of Santiago, Chile (regional map click here). The Sonia Property consists of 41 mineral claims covering a total area of 8,103 hectares. Over 40 low sulphidation epithermal veins containing gold, silver and base metal mineralization have been identified on the block.

The recently completed program was carried out on the northwestern part of the property to which there is partial road access. The objective of the work program was to establish vein and structural target areas for follow-up deeper testing by diamond drilling, to be guided in part by future spectral induced polarization (“IP”) surveying. The work was concentrated in two areas, the San Pedro (western area) where 343 samples were taken from 11 veins, and the Rancho – Maria Paa (eastern area, four kilometers to the east) where 173 samples were taken from eight veins.

“We are very pleased to continue to discover new veins on the property on new claims acquired in 2009. There are several old workings on the property and now we have significant drill targets that are easily accessible by road. An increase in silver and copper grades is expected at depth in future drilling due to surface leaching and secondary enrichment. Also, the discovery of three alteration zones with porphyry potential is extremely exciting. The strategy of working in mining friendly Chile as well as Ontario provides the Company with exposure to very large gold deposits”, commented Blaine Webster, President of Goldeye Explorations Limited.

The San Pedro vein and structure has been traced on a northwesterly trend for approximately two kilometres, and the recent detailed work was carried out as surface cover and topography permitted, over a strike length of approximately 500 metres on the Upper San Pedro on the southeastern end of the zone (click here). In this area at an elevation of approximately 2,700 metres, the San Pedro, Paola, Lurdes, Isa Mar, Camila and Hade veins were trenched and sampled. Approximately one kilometre to the northwest at an elevation of 1,900 metres along the structural grain, the San Pedro, Rosario, Rosario North and Evelyn veins were sampled. Immediately to the east of the San Pedro vein zone area are the Mina (Mine) Morada and Felicidad veins on third party ground being evaluated and operated privately by local miners.

In the following tables the highlights of the sampling results from the current program are reported. All of the veins strike northwesterly to north and dip steeply to vertical. Because of the steep dips, the horizontal sample distances are close to true widths. The veins/zones were sampled in rock exposures where available, in hand excavated trenches and in pits, shafts and tunnels, excavated recently by local small scale miners and by prospectors and miners from pre-colonial and colonial times. Sample sites were for the most part evenly spaced along the trend of the zones. A complete set of trench results (click here) and a map of vein locations (click here) are posted on the Goldeye website, www.goldeye.ca

San Pedro Area

Upper San Pedro Area - Southeast

In the Upper San Pedro or southeastern part of the San Pedro vein/structure the following veins were trenched and sampled.

San Pedro

The vein was sampled over a strike length of 190 metres and 8 sites were sampled.

Paola

The vein was sampled over a strike length of 15 metres and 7 sites were sampled.

Lurdes

The vein was sampled over a strike length of 480 metres and 21 sites were sampled.

Camila

The vein was sampled over a strike length of 230 metres and 9 sites were sampled.

Francisca

The vein was sampled over a strike length of 125 metres and 4 sites were sampled.

Lower San Pedro Area– Central

In the central part of the San Pedro vein/structure the following veins were trenched and sampled.

San Pedro Central

The vein was sampled over a strike length of 45 metres and 3 sites were sampled.

Rosario

The vein was sampled over a strike length of 45 metres and 7 sites were sampled.

Rosario North

Ten grab samples of quartz veins/mineralized material were taken from a small stockpile collected from two pits. Quartz vein and mineralized boulders occur over an area measuring approximately 90 metres in diameter.

Rancho – Maria PAA Area

Rancho – Maria Paa Area Highlights

The veins/structures in this area all trend approximately north-south, are at an elevation of 1550 – 1900 metres to the south of the Rio Sobrante, and occur over an east-west distance of approximately 1.2 kilometres, four to five kilometres east of the San Pedro area. On the north side of the river is a well developed hydrothermal alteration zone covering at least one square kilometer, which is the most northerly of three such zones that lie along a north-south trend within the Goldeye holdings. The other two zones are located in the Paso del Inca and Puma areas, three and 15 kilometres respectively to the south. These areas of hydrothermal alteration may be related to porphyry type mineralization.

Rancho

The vein was sampled over a strike length of 170 metres and 5 sites were sampled.

Barbara

The vein was sampled over a strike length of 180 metres and 3 sites were sampled.

Maria PAA
The vein was sampled over a strike length of 140 metres and 6 sites were sampled.

Trinidad

The vein was sampled over a strike length of 75 metres and 5 sites were sampled.

All samples were put in cloth bags and in sacks that were closed at the end of each day. These were transported by company personel to the Actlab in Coquimbo where they were prepared and analysed. Fire assay with atomic absorbtion finish on 30 g samples. ACTLABS provided standards and blanks with repeats on approximately every tenth sample during the assay process. In the lab Rejects and pulps have been returned from the laboratory and stored by Goldeye. (For a complete list of assays please click here)

ABOUT GOLDEYE

Goldeye is a Canadian gold-focused exploration company with properties in mineral rich, politically secure jurisdictions with long traditions of mining (Canada and Chile). Goldeye's approach is to advance precious metal deposits to the development stage, employing, in part, technically advanced geophysical techniques and occasionally joint venture funding. The qualified person (within the meaning of National Instrument 43-101) who read and approved this press release for Goldeye is Blaine R. Webster President and C.E.O. of Goldeye.

Forward Looking Statements:
This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. The Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Goldeye Explorations Limited (905) 731-9367 or (905) 886-2538
bwebster@goldeye.ca www.goldeye.ca