TORONTO, ONTARIO — (Marketwire) — 03/23/12 — Goldeye Explorations Limited (TSX VENTURE: GGY) announced that the company has granted a total of 500,000 stock options to certain directors pursuant to its incentive stock option plan. The new options are exercisable at $0.10 per share until March 24, 2017. This transaction is subject to any necessary regulatory or stock exchange requirements.
The Company also regrets to announce the resignation of Warren Tong, CA from the position of C.F.O. effective immediately. The board appreciates Warren-s leadership in meeting many challenges for Goldeye for the past two years, including the implementation of IFRS. After due consideration, Mr. Tong has decided to focus his attention on his other business activities that are demanding increased attention on his part. We wish Mr. Tong great success in the future.
The Company also announced that Brian Howlett, CMA will be taking on the role of interim C.F.O. as the company searches for Warren-s replacement. Mr. Howlett has served as a Director of Goldeye since August 2011 and is a seasoned accounting professional. During his career he served for six years as C.F.O. of ELI Eco Logic Inc., a TSX-listed company.
ABOUT GOLDEYE
Goldeye is a Canadian gold-focused exploration company with properties in mineral rich, politically secure jurisdictions with long traditions of mining. In Canada, Goldeye holds Todd Property in British Columbia and the Tyrrell, Gold Rock and Sandy Lake properties in Ontario. In Chile, Goldeye has the Sonia-Puma property north of Santiago.
On behalf of the board of directors of Goldeye Explorations Limited,
Jorma Hannila, Chief Executive Officer
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.
Contacts: Goldeye Explorations Limited Jorma Hannila 905-886-2538 or 416-970-3324
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