Company Information for Gold Eagle Mines Ltd

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Company Statement

Gold Eagle Mines Ltd., is a Canadian based natural resource company developing the Bruce Channel Discovery ("BCD"), (a significant gold system on the 100% owned Gold Eagle property), which lies at the western end of the prolific Red Lake gold Trend,  Northern Ontario, Canada. The Gold Eagle property lies at the junction of the Red Lake Trend and the East Bay Trend.

The company is well funded to advance the development of the Bruce Channel Discovery as well as other regional targets on the property.

Gold Eagle Mines Ltd. is listed on the Toronto Stock Exchange under the symbol “GEA”.

Current Operations

The Bruce Channel Discovery (BCD)
Drilling to date has delineated a very significant mineralized envelope, currently estimated to extend a minimum of 1,100 metres vertically and approximately 720 metres northeast–southwest and 450 metres northwest–southeast and remains open in all directions.

Within the mineralized envelope are multiple high-grade structures and extensive gold-rich sulphide zones. Moreover, the increasing size of the drill database has established mineralogical continuity between drill holes and has increased the confidence of multi million ounce potential.

With over 76,000 metres of surface drilling in 93 holes the Company has made the decision to proceed to an Advanced Underground Exploration Program for the BCD. This will include the sinking of a shaft to approximately 1,400 metres in order to further delineate the many gold structures and zones encountered therin. The objective of the underground drilling program is to establish a mineral resource to NI 43-101 standards.

The main focus of the Company will remain on further development of the BCD. Potential exists to extend the size of the current mineralized envelope in a southwest direction towards the Finn Zone (a target some 500 horizantal metres away from the edge of the BCD, discovered during a regional drilling program in 2007). Two deep rigs each capable of drilling to depths of 2,500 metres will be set up on either side of the BCD, one on the mainland and one on McKenzie Island. These rigs will systematically step-out along the channel from the current edge of the BCD towards the Finn Zone. This important step-out program is expected to take up to 24 months to complete and will proceed in conjunction with the underground develeopment program.

REGIONAL EXPLORAION TARGETS
Within the Gold Eagle Mine property there are a number of prospective targets outside of the Bruce Channel, these targets include:

• Finn Zone
• Goldray Channel
• Western Discovery Zone
• Mainland Target
  
  

Geographical Spread

Located in Dome Township, approximately 6 km from the town of Red Lake, Northwestern Ontario. The Gold Eagle property consits of 35 contiguous patented claims with an area of 512.6 ha.

Board of Directors and Key Management

Simon Lawrence	President and CEO
Brent Peters	CFO
Michael Leskovec CA	Controller
John Whitton B. A. Mod., M.A., P. Geo.	Project Manager
Chris Collins P.Geo, MBA	VP of Exploration
Michael Pahkala B.Sc., P.Eng	Project Engineer
Dennis Forgeron	Senior Geologist
CONSULTANTS
John Harvey	Project Geologist
Chester Kuryliw	Regional Geologist
William Shaver, Shaft Development
DIRECTORS
Robert Cudney	Director and Co-Chairman
Stephen G. Roman	Director and Co-Chairman
Simon Lawrence	Director
Terry MacGibbon	Director
Brent Peters	Director
Thomas Plasden	Director
Derek Rance	Director
Douglas Scharf	Director

Company Address 20 Adelaide Street East, Suite 1105 Toronto, Ontario, Canada M5C 2T6 Telephone: 416-867-8998 Facsimile: 416-867-9393 Website: http://www.goldeaglemines.com

Additional Address/Key Contact

Capital Issued and Outstanding 101, 078, 568 Options 6, 078, 263 Fully Diluted 107, 156, 831 As at March 31st, 2008

Annual General Meeting Tuesday June 3rd, 2008 9:00am Le Royal Meridian King Edward Hotel Windsor Ballroom Toronto, ON

Year End December 31st

Broker/Analyst Reports

01/03/07 - Orion Securities Initiates Coverage on GEA

Major Shareholders

Goodman & Co

Dynamic

Northfield Capital

Related News

27/06/08 - Sooner Rather Than Later A Major Will Make A Bid For Gold Eagle Mines
03/07/07 - Gold Eagle Mines Makes New Discoveries In The Red Lake Region

Most Recent Statement

12/08/08 - Significant Grades and Widths Continue to be Intersected at the Bruce Channel Discovery
11/08/08 - 2008 second quarter financial results
31/07/08 - Goldcorp consolidates Red Lake District with $1.5 billion acquisition of Gold Eagle
16/07/08 - Step-Out Drilling Continues to Expand the Bruce Channel Discovery at Depth and to the Southwest
18/06/08 - Significant Grades and Widths Continue to be Intersected at the Bruce Channel Discovery
27/05/08 - Gold Eagle Mines Ltd. - Bruce Channel exploration target potential