Goldeye Explorations Engages CHF Investor Relations

Toronto, Canada / ACCESSWIRE / September 09, 2014 / Goldeye Explorations Limited (TSXV: GGY) (“Goldeye” or “the Company”) is pleased to announce that it has engaged CHF Investor Relations, a highly regarded Canadian investor relations firm headquartered in Toronto, as its IR partner.

Blaine Webster, CEO and President of Goldeye, comments, “We are excited to retain CHF. Their knowledge of the mining sector as well as the Canadian public markets will be a tremendous asset to Goldeye as we increase awareness of our high-grade gold Weebigee project within the brokerage industry. High-quality, high-grade gold projects, especially ones in stable jurisdictions, are very hard to come by. Weebigee, located in the highly prospective yet underexplored Sandy Lake Greenstone Belt, is one and we believe it has the potential to produce a significant gold deposit. We have an exciting story to tell and we look forward to working with CHF to tell it.”

Effective immediately, the services agreement for investor and media relations is for a term ending on September 14, 2015, with a review at the end of December 2014 when either party may elect to terminate the agreement. Thereafter three months’ termination notice shall apply. Under the terms of the services agreement, which is subject to TSX Venture Exchange approval, CHF will receive monthly fees of up to $6,000 and reimbursement of disbursements. CHF will be granted 200,000 GGY stock options at an exercise price of $0.15 and another 200,000 GGY stock options at an exercise price of $0.20. Options will vest quarterly, with a three-year maximum term. As is required for TSX Venture, upon termination of the services agreement, any vested options will be cancelled after 30 days.

Prior to the grant of options outlined above, CHF had no direct or indirect interest in the Company or its securities.

On behalf of the Board of Directors,

Blaine Webster, P.Geo.
President and CEO

About CHF Investor Relations

CHF adds substantial financial and investment acumen and experience to emerging public companies as an outsourced, low-cost option. CHF serves an international portfolio of TSX/TSX Venture and CNSX listed companies operating in a broad range of industries including mineral exploration and producers, oil & gas, industrial products and services, high-tech and special situations sectors. Services include IR, Media Relations and Market Liquidity services for public companies as well as consulting for companies about to enter the public domain.

About Goldeye Explorations

Goldeye Explorations Limited is an Ontario-based, gold/silver-focused exploration company. Goldeye`s flagship property is the 363-claim unit, ~6,000 hectare, Weebigee (pronounced WEE-be-GEE) project, located near Sandy Lake, 227 km north of Red Lake, in Northwestern Ontario.

Recent drilling on the Northwest Arm (23 holes totaling 2,219 metres) confirmed the presence of significant high-grade gold mineralization at the Knoll, Bernadette and RvG4 Zones. 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. 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.

Goldeye`s immediate focus is on advancing Weebigee through additional exploration and drilling.

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 a 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.

A complete database of project results including drill logs and sections can be found on Goldeye’s website at http://www.goldeye.ca/. To receive Company news via email, contact [email protected] and mention “Goldeye Explorations news” in the subject line.

CONTACT INFORMATION

CHF Investor Relations
Cathy Hume CEO
Tel: +1 (416) 868 1079 ext. 231
Email: [email protected]
http://www.chfir.com/

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 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.

Source: Goldeye Explorations Limited