Latest drill results include 13.30 metres (43.64 ft) at 38.26 g/t (1.12 oz/t) and 66.40 metres (217.86 ft) at 10.96 g/t (0.32 oz/t)

TORONTO, February 13th, 2008 – Gold Eagle Mines Ltd. (TSX: GEA) (“Gold Eagle” or the “Company”) is pleased to announce the latest series of drill results on the Bruce Channel Discovery (“BCD”) at its 100% owned Gold Eagle property in Red Lake Ontario. The Gold Eagle property is situated along the Red Lake Trend, west of Goldcorp Inc's operating Red Lake and Campbell Mines and immediately southwest of Goldcorp Inc’s past producing Cochenour-Willans Mine.

Highlights:

• Drilling expands the BCD mineralized envelope by approximately 25 metres to the southwest
• The mineralized envelope extends a minimum of 1,100 metres vertically with horizontal dimensions of 720 metres northeast-southwest and by 450 metres northwest-southeast
• Drilling continues to intersect significant multiple high grade zones with visible gold
• Step-out drilling program commences from the BCD mineralized envelope towards the Finn Zone

Highlights of latest drilling:

The BCD is a significant gold structure intersected at approximately 800 metres beneath the shallow Bruce Channel waterway. The mineralized envelope is currently estimated to extend a minimum of 1,100 metres vertically and approximately 720 metres northeast–southwest and 450 metres northwest–southeast.

In common with Goldcorp Inc’s Red Lake Mine, Campbell Mine and Cochenour-Willans Mine, the BCD lies within the Balmer Assemblage. The structural and mineralogical characteristics are very similar to the aforementioned mines. Gold is found in its native form as well as within sulphide rich zones – particularly those with ‘felted’ fine grained arsenopyrite. A number of high grade structures have been identified within the BCD mineralized envelope and are showing horizontal and vertical continuity.

BC 19 Series
The BC 19 Series of holes are designed to test the area between the BC 10 Series of holes to the northeast and the BC 21 Series of holes drilled from a collar located 200 metres to the southwest.

BC 19-15  

BC 19-15 was wedged off BC 19-14 at a depth of 1,045 metres and directed southwest of the mineralized structures intersected in BC 19-14. The hole was drilled to a final depth of 1,512 metres and intersected a number of mineralized zones within the Balmer Assemblage between 1,276.20 and 1,317.10 a core length of 40.90 metres. These mineralized zones are hosted within a zone of shearing and brecciation with associated alteration and gold mineralization. The alteration comprised biotite with associated quartz and carbonate veining with mineralization consisting of pyrrhotite, fine grained acicular arsenopyrite and visible gold.

BC 19-16

BC 19–16 was wedged off BC 19-5 at a depth of 874.50 metres and directed south of the mineralized structures intersected in BC 19-15. The hole was drilled to a final depth of 1,469 metres and intersected several mineralized structures with visible gold within the Balmer Assemblage between 1,110.50 and 1,301.10 metres, a core length of 190.60 metres. The hole intersected zones of carbonate and silica alteration with brecciation. Mineralization consists of ubiquitous pyrrhotite, with local zones of fine grained acicular arsenopyrite and visible gold.

BC 19-17

BC 19-17 was wedged off BC 19-16 at a depth of 868.5 metres and directed up to flatten the hole and further test the mineralized structures intersected in BC 19-15 and BC 19-16. The hole was drilled to a final depth of 1,575.5 metres within the Balmer Assemblage. Several mineralized structures were intersected between 1,285.90 and 1,497.60 metres, a core length of 211.7 metres. The structures were typified by quartz carbonate breccia with very finely disseminated sulphides comprised of pyrrhotite and fine grained arsenopyrite.

The BC 19 “mother hole” is no longer usable thus marking the end of the BC 19 Series. A new mother hole, BC 31 has been collared at the same location as the BC 19 Series and is oriented to test the open area southwest of the most recent BC 19 Series holes (BC 19-14 to BC1 9-17). Results will be released when they become available.

BC 27 Series
The BC 27 Series of drill holes are collared on the mainland at the same location as the BC 21 Series and BC 25 Series of drill holes. The BC 27 Series are step-out holes designed to test the area immediately southwest of the BCD mineralized envelope.

BC 27-5

BC 27–5 was wedged off BC 27-4 at a depth of 768.5 metres and directed steeper to test at greater depth the zones intersected in BC 27-4. Due to ground conditions, the hole was stopped at 1,588 metres. A number of mineralized structures with visible gold were intersected within the Balmer Assemblage between 1,477.40 and 1,572.90 metres, a core length of 95.50 metres. These mineralized structures are characterized by either quartz stockwork with pyrrhotite, fine grained arsenopyrite and visible gold, or carbonate veining with disseminated pyrrhotite.

BC 27-6

BC 27-6 was wedged off the abandoned BC 27-5 at a depth of 1,339.70 metres in order to continue with the original plan of BC 27-5. The hole was terminated short of its planned depth at 1,755 metres due to ground conditions. Several mineralized structures with visible gold were intersected between 1,654.45 and 1,750 metres, a core length of 95.55 metres. The mineralized zones are hosted within the Balmer Assemblage, and characterized by silica carbonate, biotitic alteration and brecciation.

BC 27-7

BC 27–7 was wedged off the BC 27 “mother hole” at a depth of 793.30 metres and directed as a step-out hole to the southwest to test the BCD mineralized envelope along strike. The hole was drilled to a final depth of 1,789.0 metres and intersected mineralized structures at 1,618 metres and 1,622 metres within biotitically altered metavolcanics of the Balmer Assemblage. BC 27-7 successfully extended the BCD mineralized envelope by approximately 25 metres to the southwest.

This hole completes the BC 27 Series of drill holes. This drill rig has been reoriented towards the northwest to initiate the BC 29 Series in order to target the under-explored area between the BC 21 Series and BC 19 Series of drill holes.

BC 28 Series
The BC 28 “mother hole” was collared at the same location as the BC 17 Series and BC 21 Series and is designed to further evaluate the area up-dip from the significant mineralized zones intersected in the BC 10 Series and BC 11 Series. Several mineralized structures were intersected between 1,317.40 and 1,584.20 metres, a core length of 266.80 metres. The results further establish both the structural and mineralogical continuity within the mineralized envelope. These mineralized zones are hosted within biotite carbonate and silica alteration associated with shearing and brecciation in metavolcanic rocks of the Balmer Assemblage. Mineralization consisted of pyrrhotite with occasional fine grained arsenopyrite and visible gold.

BCD Step-Out Drilling Program
A second rig capable of drilling to depths of 2,500 metres has arrived on site. Both of the 2,500 metre capacity rigs will be dedicated to a systematic step-out drill program which is aimed at testing for the continuation of the BCD mineralized envelope in a southwest direction towards the Finn Zone, located some 445 horizontal metres away. It is expected that this important drilling program will take up to 24 months to complete.

Notes:

• VG – visible gold
• Lengths reported are core intersection lengths and do not represent true widths
• It is anticipated that true width estimates will be made possible after additional drilling
• Conversion Method: grams per tonne (g/t) multiplied by 0.0292 equals troy ounces per short ton  (oz/t)

About Gold Eagle
Gold Eagle Mines Ltd is a Canadian based junior natural resource company developing a significant new gold discovery in the prolific Red Lake gold camp, located in Northern Ontario, Canada.

Qualified Persons
The drill program is being carried out under the direction of Mr. Chris Collins, P.Geo and Mr. John F. Whitton, P.Geo, qualified persons within the meaning of National Instrument 43-101.  Mr. Collins and Mr. Whitton have reviewed the contents of this news release.

Sample preparation and assay procedures are carried out by ALS Laboratories using standard fire assaying with an AA or gravimetric finish where appropriate. Samples noted to contain Visible Gold when core logging are assayed using a screened metallics procedure with a gravimetric finish.

Forward-Looking Statement
The statements made in this News Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company’s expectations and projections. Accordingly, readers should not place undue reliance on forward-looking statements. For a more detailed discussion of such risks and other factors, refer to Gold Eagle’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.goldeaglemines.com

Contact Us
For further information please feel free to contact our offices at:
Tel: 416-867-8998; Fax: 416-867-9393
www.goldeaglemines.com

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release and the information contained herein.