Goldeye Explorations Ltd GEYEF

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Goldeye Increases Brokered PrivatePlacement to Approximately $4 Million

Goldeye Explorations Limited ("Goldeye") (TSX VENTURE:GGY) announced thatGoldeye and Pope & Company Limited (the "Agent") have agreed today toincrease the size of its brokered private placement previously announced onSeptember 14, 2010, from approximately $1,500,000 to approximately $4,000,000.

The revised brokered private placement of approximately $4,000,000 isexpected to close on or about September 28, 2010. As previously announced, theoffering consists of a combination of flow-through units and non-flow-throughunits at a price of
.10 per unit. Each non-flow-through unit consists of onecommon share and one common share purchase warrant, exercisable at a price of
.125 for two years. Each flow-through unit consists of one flow-through commonshare and one-half of a common share purchase warrant, with a full warrant beingexercisable at a price of
.15 for two years. The securities are subject to afour month hold period. A commission of 8% of the cash proceeds will be paid tothe Agent as well as broker warrant units equal to 10% of the number of unitssold.

The proceeds of the flow-through financing will be used for mineralexploration, predominantly on Goldeye's Tyrrell Property in the Shining Treearea of Ontario. The expenditures will qualify as Canadian Exploration Expense(CEE) under the Income Tax Act (Canada), enabling the subscribers to obtainapplicable tax credits and deductions. The proceeds of the non-flow-throughfinancing will be used for general and administrative purposes and to financemineral exploration on Goldeye's mineral exploration properties.

Goldeye is predominantly pursuing gold exploration on its Tyrrell property inthe Shining Tree area of Ontario. Goldeye's property consists of a 100% interestin 30 square kilometres. Exploration will also be completed by Goldeye's jointventure partners on:

-- the contiguous Temex-Juby JV ground where Goldeye's interest is 40 percent of 22 square kilometres (immediately adjacent to Temex ResourcesCorp.'s 1.2 million ounce Juby Gold Project); and-- the contiguous Creso-Athena option where Goldeye will retain a minimum25-per-cent interest carried to production in 4.6 square kilometres(immediately adjacent to Creso Explorations Inc.'s recent Minto golddiscovery).

For information regarding this financing, please contact Pope & CompanyLimited directly at [phone] or email [e-mail].

For further information regarding Goldeye or this press release, pleasecontact Blaine Webster, C.E.O and President at [phone] or [phone]or e-mail [e-mail]. Goldeye's web-site address is www.goldeye.ca.

SOURCE: Goldeye Explorations Limited

Pope & Company Limited(416) [e-mail] Explorations LimitedBlaine WebsterC.E.O. and President(905) 731-9367 or (905) [e-mail]