GOLD EAGLE MINES LTD.

FN Series Drilling Program Confirms New Area of Gold Mineralization at Bruce Channel

TORONTO, September 10, 2007 – Gold Eagle Mines Ltd. (TSX: GEA) (“Gold Eagle” or the “Company”) is pleased to announce it’s latest drill results from the FN Series of holes on its 100% owned Gold Eagle property in Red Lake, Ontario. The Gold Eagle property is situated along the Red Lake Trend, west of Goldcorp's Red Lake and Campbell Mines and immediately south-west of Goldcorp’s Cochenour-Willans Mine.

Highlights

• Latest drilling results from the FN Series (FN 1-2 and FN 1-3) confirms a significant new area of gold mineralization, named the Finn Zone (after Finntown, one of the first settlements on McKenzie Island).
• The Finn Zone lies within the Balmer Assemblage approximately 450 metres west-southwest of the Bruce Channel Discovery mineralized envelope.
• Drilling is continuing at the FN Series and results will be released once they become available.
• Upon completion of the FN Series of holes, the rig will be moved to the Bruce Channel Discovery mineralized envelope, and will commence a series of step-out holes towards the Finn Zone. 
• Mr. Chris Collins appointed as VP of Exploration

The FN Series are collared on McKenzie Island approximately 1.5 kilometres west-southwest of the collar of BC 21 on the mainland.

The FN Series holes were initiated as a regional reconnaissance exploration program designed to obtain data on the stratigraphy and geology of the south-eastern area of the Gold Eagle property. Drilling has successfully intersected carbonate zones and host rocks which bear striking similarities to units intersected within the current Bruce Channel Discovery mineralized envelope which lies approximately 450 metres away.

FN 1-2
The FN 1-2 “wedge” hole was started as a step-out from the FN 1-1 “mother” hole at a depth of 1,040 metres with an azimuth of 173o and a dip of 081o. It was pushed south-eastwards before being allowed to curve gradually to the northeast to its final depth of 2,529.6 metres. 

FN 1-2 intersected a strong carbonate zone within the Balmer Assemblage with associated silicification from approximately 2,404 metres to 2,413 metres. This was followed by a succession of altered mafic, volcanic and clastic sediments to the final hole depth.

FN 1-3
The FN 1-3 “wedge” hole was started as a step-out from the FN 1-2 hole at a depth of 1,495 metres with an azimuth of 099o and a dip of -73o. Two further wedges were used to push the hole further to the south to allow for a large step out. The hole reached a depth of 2,559.25 metres at a horizontal distance from FN 1-2 of approximately 140 metres. The hole intersected a series of altered mafic, volcanic and clastic sediments with minor associated cherts.

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 0.292 equals troy ounces per short ton (oz/t)

FN 1-4
The FN 1-4 “wedge” hole was started as a step-out from the FN 1-3 hole at a depth of 1,697 metres. It was wedged to the south of FN 1-3 to allow for another cut at the mineralized zone below 2,000 metres. The final depth of the drill hole is 2,528 metres. Detailed logging and sampling are currently under way and assay results will be released when available. 

FN 1-5
The FN 1-5 “wedge” hole (which has now commenced drilling) was started from FN 1-2 at a depth of 1,445.30 metres with an azimuth of 102o and a dip of -74o. This is the final hole planned from the FN Series at this stage of the program. This hole is also testing the continuity and extent of the Finn Zone gold mineralization.

Mr. Chris Collins (P.Geo, B.Sc, MBA): Vice President of Exploration
With the expanding regional exploration program and progress to an Advanced Underground Exploration Program for the Bruce Channel Discovery, Gold Eagle has appointed Chris Collins as Vice President of Exploration, with a primary focus on regional exploration.  During his career, Mr. Collins worked for 17 years as a professional geologist with Noranda Mining Inc. He earned his B.Sc in 1985 from Memorial University of Newfoundland and his MBA in 2004 from Saint Mary’s University in Halifax.

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

The Company has a treasury of approximately C$110 million held with a major Canadian bank. The funds are fully secured and are redeemable upon demand, and are invested as either GIC's (guaranteed investment certificates) or held in a cash account.

Qualified Person
The drill program is being carried out under the direction of Mr. John F. Whitton, P.Geo, qualified person within the meaning of National Instrument 43-101.   Mr. Whitton has 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.