TORONTO, September 17th, 2008 - Gold Eagle Mines Ltd. (“Gold Eagle”) (TSX:GEA) Gold Eagle is pleased to announce that the acquisition of Gold Eagle by Goldcorp Inc.
(“Goldcorp”), pursuant to a plan of arrangement under the Business Corporations Act
(Ontario), was approved by order of the Ontario Superior Court of Justice (Commercial
List) today. Closing of the transaction is expected to occur on September 25, 2008.

Cautionary Note Regarding Forward-Looking Statements
Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those with respect to the completion of the proposed arrangement with Goldcorp, the price of gold, silver, copper, zinc and lead, the timing and amount of estimated future production, costs of production, reserve determination and reserve conversion rates involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Gold Eagle to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to the integration of acquisitions, risks related to international operations, risks related to joint venture operations, the actual results of current exploration activities, actual results of current reclamation activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, silver and copper, zinc and lead as well as those factors discussed in the section entitled “Narrative Description of the Business–Risk
Factors” in Gold Eagle’s Annual Information Form on file with the securities regulatory authorities in Canada. Although Gold Eagle has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ aterially from those anticipated in such statements. Readers should not place undue reliance on forward-looking statements.

Contact Us
Gold Eagle Mines Ltd.
Simon Lawrence
President and Chief Executive Officer
(416) 867-8998

Suzette Ramcharan
Investor Relations
(416) 867-8998