GGY Goldeye Explorations Ltd

Goldeye Explorations Limited (TSX VENTURE:GGY) ("Goldeye" or "the Company") is
pleased to announce that it has entered into a Letter of Intent (the "Letter")
with Sandy Lake First Nation ("SLFN"). Pursuant to the Letter, Goldeye and SLFN
will enter into exclusive negotiations regarding potential mineral exploration
activities on SLFN Indian Reserve #88, which is adjacent to Goldeye's 100%-owned
Weebigee Project. 


Blaine Webster, President and Chief Executive Officer of Goldeye, comments:
"Goldeye returned very encouraging results during winter drilling at Weebigee
with high-grade gold discoveries at the Knoll and Bernadette zones as well as
the geologically similar RvG4 zone 500 metres along strike to the Northwest.
Highlights included: 12.86 g/t Au over 6.85 metres core length in hole BK-14-03
(Bernadette), 12.45 g/t Au over 3.5 metres core length in hole BK-14-05 (Knoll),
and 23.15 g/t Au over 3.97 metres core length in hole BK-14-18 (RvG4). Visible
gold was noted in 50% of the drill holes. 


While the high-grade gold zones at Knoll, Bernadette and RvG4 are within
Goldeye's 100%-owned claim block, this Letter adds greater certainty to the
project by defining an exclusive relationship between Goldeye and SLFN within
the adjacent Indian Reserve #88 lands for at least the next year and a half as
we work towards a final agreement. This Letter further demonstrates Goldeye and
SLFN's continuing commitment to work together for the mutual benefit of the
people of Sandy Lake First Nation and Goldeye's shareholders."


The contents of this news release have been reviewed and approved by Blaine
Webster, P.Geo., President and CEO of Goldeye and a qualified person as defined
in NI 43-101. 


On behalf of the Board of Directors,

Blaine Webster, P.Geo., President and CEO

About the Weebigee Project

Goldeye's 100%-owned Weebigee Project is located 227 kilometres north of Red
Lake in Northwestern Ontario and comprises 363 claims totaling approximately
6,000 hectares. The NW Arm claim block covers approximately 20% of the total
project area and hosts the highest density of gold showings in the Sandy Lake
Greenstone Belt. 


During February and March 2014, Goldeye completed its planned phase 1 drill
program at Weebigee. Twenty-three holes were drilled in the NW Arm area for a
total of 2,219 m. This preliminary exploration program confirmed the presence of
significant gold mineralization at the Knoll, Bernadette and RvG4 Zones and
supports management's view of the potential for Weebigee to host a significant
gold deposit.


The project is adjacent to Sandy Lake First Nation (population approx. 3,000)
which has excellent infrastructure including an airport with daily direct
flights to Winnipeg, Red Lake and Sioux Lookout and winter road connection to
Red Lake. All weather access roads are located within one kilometre of the
Knoll, Bernadette and RvG4 areas. In November 2013, Goldeye and Sandy Lake First
Nation signed a comprehensive Exploration Agreement in regards to the project.
Goldeye is pleased to have a strong, mutually beneficial relationship with the
people of Sandy Lake First Nation.


About Goldeye

Goldeye is a Canadian gold-focused exploration company with properties in
mineral rich, politically secure jurisdictions having long traditions of mining.
Weebigee is Goldeye's flagship project in Canada. Goldeye also holds a 24.5%
interest in the Todd Property in British Columbia's Golden Triangle, a 100%
interest in the Gold Rock and West Shining Tree properties in Ontario, and
additional claims in Tyrrell Twp. In Chile, Goldeye owns 100% of the Sonia-Puma
property located 180 km north of Santiago. 


Additional information can be found at www.goldeye.ca. 

FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking information" (within the meaning of
applicable Canadian securities laws) and "forward-looking statements" (within
the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such
statements or information are identified with words such as "anticipate",
"believe", "expect", "plan", "intend", "potential", "estimate", "propose",
"project", "outlook", "foresee" or similar words suggesting future outcomes or
statements regarding an outlook. Such statements include those regarding the
Company's plan to enter into exclusive negotiations regarding potential mineral
exploration activities on SLFN Indian Reserve #88 and those concerning the
potential for Weebigee to host a significant gold deposit.


Such forward-looking information or statements are based on a number of risks,
uncertainties and assumptions which may cause actual results or other
expectations to differ materially from those anticipated and which may prove to
be incorrect. Assumptions have been made regarding, among other things,
management's expectations regarding availability of capital. Actual results
could differ materially due to a number of factors, including, without
limitation, operational risks in the completion of the Company's anticipated
projects, delays or changes in plans with respect to the development of the
Company's anticipated projects by the Company's third party relationships, risks
affecting the Company's ability to execute projects, weather and other
environmental risks and the inability to raise additional capital. Although the
Company believes that the expectations reflected in the forward-looking
information or statements are reasonable, prospective investors in the Company's
securities should not place undue reliance on forward-looking statements because
the Company can provide no assurance that such expectations will prove to be
correct. Forward-looking information and statements contained in this news
release are as of the date of this news release and the Company assumes no
obligation to update or revise this forward-looking information and statements
except as required by law.


Neither 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Goldeye Explorations Limited
Blaine Webster, P. Geo.
President and CEO
416-315-9708
bwebster@goldeye.ca


Goldeye Explorations Limited
Robin Luke Webster
Vice President, Corporate Affairs and Community Relations
416-877-6389
rwebster@goldeye.ca
www.goldeye.ca

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