Advantego Corp (fka ADGO)

[Davemunday]

Golden Eagle Inc. has begun pulling record amounts of GOLD out of their Bolivian GOLD mine.






Check out my Condenced Versions of MYNG's Press Releases and see what is in the process of happening right before your eyes!

Lots of GREAT info to research..

FOR ALL OF YOU POTENTIAL NEW MYNG INVESTORS!


Take your time and enjoy reading about our (MYNG's) progress over the last year and a half or so!
I am sure you will join us after you have seen what MYNG has to offer and the progress that has been made.

Now is the perfect time to climb aboard!

I really like the numbers that I am seeing in these Press Releases.... AND we are expecting GREAT numbers in the very near future for our first full month (Aug) of operating at 3,500 tons per day of ore processed. We are pulling record numbers of ounces of GOLD out of the ground..... and I suspect we will recovering record grams of GOLD per ton of ore processed for the month of Sept! !

These above views are my opinion!

This is a condensed version of MYNG's Press Releases for about the last year and a half:


GOLDEN EAGLE INTERNATIONAL website:
http://www.geii.com


GOLDEN EAGLE INTERNATIONAL Gets 1.3 million financing:
Feb 8 2002:
It should also be noted that the $1.3 million investment came from a limited number of accredited investors for the purchase of 43.3 million of the Company's restricted common shares.


April 10, 2002
GOLDEN EAGLE BREAKS GROUND FOR ITS CUEVA PLAYA GOLD PLANT AND INITIATES INTERIOR MINE DEVELOPMENT


GOLDEN EAGLE TAKES POSSESSION OF HISTORIC GOLD DEPOSIT

Efforts Re-doubled to Bring Production Plant On-Line

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - July 9, 2002 - Golden Eagle International, Inc. (MYNG, OTCBB) has further consolidated its land position in the historic Tipuani Gold Mining District following the Company?s acquisition of a 100% interest in the original Cangalli gold concessions, and the elimination of an 18% royalty, announced in Golden Eagle's press release dated July 3, 2002



GOLD UPDATE: GOLDEN EAGLE CONFIRMS FINANCING

Project Proceeds on Schedule for September Gold Production

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - July 30, 2002 - Golden Eagle International, Inc. (MYNG, OTCBB) confirmed today that it has successfully completed the fundraising of $426,000 for the purchase of interior mine equipment for its Cueva Playa gold mine. Previously, the Company had announced that these funds had been committed so that it could proceed on its interior mine build-out while waiting for COMIBOL, Bolivia's national mining company, to finalize a large equipment acquisition agreement. These funds were raised from six accredited, current shareholders who increased their shareholdings in the Company


GOLD UPDATE: GOLDEN EAGLE IN PRODUCTION

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - October 3, 2002 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that it began processing gold bearing ore at its 1,000 ton per day capacity Cueva Playa operation in Cangalli, Bolivia. Golden Eagle's operation is located in the heart of the Tipuani Gold Mining District, a historically productive gold zone, having produced 32 million ounces in its known history.



GOLD UPDATE: INITIAL RESULTS FROM GOLD PLANT EXTREMELY ENCOURAGING
Viability of Gold Production at a Cost of $75 per Ounce Confirmed

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - October 23, 2002 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that it is recovering an average grade of 1.006 grams of gold per cubic meter, or .503 grams per ton, of ore processed in its 1,000 ton per day capacity Cueva Playa plant located in the historic Tipuani Gold District of Bolivia.
This is the news weve been waiting for, stated Terry C. Turner, Golden Eagle's President and CEO. The grades we are achieving are double the grades we had projected, he continued, and that is extremely encouraging.



GOLDEN EAGLE REPORTS FIRST PRODUCTION RESULTS
GOLD GRADES CONTINUE TO INCREASE

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - November 7, 2002 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today the results of its first full month of production from its Cueva Playa gold operation in Cangalli, Bolivia. The operation processed 10,640 tons of ore in this period, with an average gold grade of 1.108 grams per cubic meter, or .554 grams per ton.
?What is significant to us is that these increasing grades are double the grades that we used to build our models and projections. Twice the grade obviously means twice the revenue from gross sales.
The Company's Cueva Playa operation averaged 34% of production capacity during October 2002, its first month in its start-up phase. However, on the last production day of the period, the operation reached 1,104 tons, or 110% of projected capacity. The Company estimates that the operation will reach its sustained full capacity of 1,000 tons per day during the month of November.
In addition, Golden Eagle is in the process of finishing the installation of highly efficient conveyors in its interior mine, the completion of which is expected to double the capacity to 2,000 tons per day in the month of December. The Company believes that this increased capacity, coupled with averaging in ore from the higher grade pay streaks through its block caving operation, will result in a substantial increase in revenue toward the end of the fourth quarter of 2002.
In its final phase, Golden Eagle plans to expand its Cueva Playa operation to 11,000 tons per day. Once this production level is reached, the Company projects that its cost per ounce of gold produced will be less than $75.


GOLD UPDATE: GOLDEN EAGLE HITS PRODUCTION TARGET EARLY
COMPANY PROCESSING 2,000 TONS PER DAY

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - November 25, 2002 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that its gold recovery plant at Cangalli, Bolivia reached 2,000 tons per day in processing of gold-bearing ore on Friday, November 22, 2002, and continuing through the date of this announcement. The conglomerate ore is coming from the Company's temporary open pit operations.
We are excited about our continued progress and the proven effectiveness of our recovery plant. We are meeting our goals and producing gold, stated Giovanni Viscarra, Golden Eagle's Operations Manager, today from Cangalli, Bolivia.
By the middle of last week, the Company had processed 22,000 tons of ore in its initial start-up phase since September 30, with an average grade of 1.06 grams per cubic meter, or .530 grams per ton, which doubles its target grades used for all of its project modeling. Golden Eagle has not yet begun processing any material from the many known higher-grade paystreaks found in its gold deposit, which it will do once production resumes from its interior mine operation.



GOLD UPDATE: GOLDEN EAGLE ANNOUNCES RECORD PRODUCTION

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - December 5, 2002 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that on Monday, December 2, 2002 its gold recovery plant at Cangalli, Bolivia had record production for a 24-hour period of 3,859 tons resulting from the Company's open pit operations.
We are very enthusiastic about our plant's increased throughput capacity and the efficiency of our mining operations, stated Golden Eagle's President and CEO, Terry C. Turner. While we currently do not have the ability to sustain these record numbers on a daily basis, they will help us average out some of our lower production days while we are still in our initial start-up. We are now processing at least 2,000 tons per day through our recovery plant, even as we aggressively pursue the necessary improvements to our infrastructure and equipment to sustain production at higher, more cost-effective levels.
Due to the Company's focus on reaching a sustained production level of 2,000 tons per day in its recovery plant, the operation has not gone down long enough to accurately assess the gold grade per ton. Golden Eagle's last reported gold grades on November 25, 2002 were 1.06 grams per cubic meter, or .530 grams per ton. The Company will issue a summary report of tons of ore processed and gold grades recovered within two weeks.



GOLDEN EAGLE ANNOUNCES PRODUCTION MILESTONE
BOLIVIAN OPERATION EXCEEDS START-UP GOAL OF 1,000 TROY OUNCES

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - December 18, 2002 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that its Cangalli, Bolivia gold mine has surpassed one of its major start-up production goals of producing 1,000 troy ounces of gold. The Company has recovered 31,248 grams, or 1,004.65 troy ounces of gold to date. The average sales price to date has been $325 per troy ounce, although gold prices have shot upward during the past ten days, and the company's most recent sales were at $337.80 per troy ounce.
Golden Eagle projects that its Cangalli gold operation will process at least 90,000 tons of ore by the end of the fourth quarter of 2002, resulting in quarterly revenues in excess of $400,000.
The Company's plant has processed 67,200 tons of ore since start-up on September 30, 2002. The average gold grade for the entire production run has been .930 grams per cubic meter, or .465 grams per ton of ore processed. The grades recovered to date are 86% higher than target grades used for project modeling, and are consistent within a relatively tight range. The recovery plant has been processing ore from open pit mining. Due to the installation of a highly cost-efficient conveyor system, the operation has yet to process a significant amount of ore from the Company's interior mine. Once block-caving operations commence in January 2003, Golden Eagle expects to average in paystreaks confirmed during exploration to host significantly higher grades in gold.
We are very excited to have passed the milestone of 1,000 troy ounces of gold produced just as gold prices are making such a strong move upward in international markets, stated Terry C. Turner, Golden Eagle's President and CEO. We have made extraordinary progress in less than three months, and are on track to continue increasing our capacity and efficiency.



GOLDEN EAGLE CELEBRATES SURPASSING MILESTONE OF 1,000 TROY OUNCES BY OFFERING GOLD NUGGETS TO INVESTORS

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - December 26, 2002 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that it is offering five investors the opportunity to receive a gold nugget recovered this week from its Cangalli, Bolivia gold mine. The offer is to commemorate the Company surpassing the milestone of producing 1,000 troy ounces of gold since September 30, 2002 from its mine located in the heart of the Tipuani Gold District, an area that has produced 32 million ounces of gold in its known history. The offer also commemorates gold breaking through the $350 ceiling in international markets and trading as high as $352.60 per troy ounce on December 19, 2002.
In order to celebrate these events, the Company is offering five investors the opportunity to receive a gold nugget by being selected randomly from those who have registered to receive Golden Eagle's E-mail Alerts. Over 500 investors have signed on for E-mail Alerts in the last three months to receive ongoing information about the Company. Investors who register for E-mail Alerts by e-mailing the Company at [e-mail], by Friday, January 3, 2003, or who have previously registered, will be eligible for the random selection process. Those selected will be notified on Tuesday, January 7, 2003.


GOLDEN EAGLE ANNOUNCES RESULTS OF HIGHLY SUCCESSFUL FOURTH QUARTER

Projects Profitability Through Major Production Expansion

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - January 7, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that its Cangalli, Bolivia gold mine surpassed all of its production goals for the Fourth Quarter, ended December 31, 2002. The Company doubled its plant capacity from 1,000 tons per day to 2,000 tons per day. Golden Eagle's mine also processed 92,700 tons of ore and recovered 43,847 grams, or 1,410 troy ounces, of gold. The gold had a gross value of $468,120 based on prevailing prices during the quarter, and without the allocation of costs. Gold grades recovered to date have been .946 grams per cubic meter, or .473 grams per ton. These grades are 89% higher than target grades used for project modeling, and are consistent within a relatively tight range.



GOLDEN EAGLE'S BOARD APPOINTS KEVIN K. PFEFFER AS NEW DIRECTOR

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - January 23, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that its Board of Directors has appointed Kevin K. Pfeffer as the newest member of the Board.
We are very pleased to welcome Kevin Pfeffer to our Board of Directors. He brings a great deal of financial experience and expertise to our Board, and tremendous enthusiasm about our Company's future, said Terry C. Turner, Golden Eagle's President and CEO. Moreover, Mr. Pfeffer's presence on the Board will ensure that the perspective of our shareholders is always well-represented, Turner added.
From 1995 through 1998, Mr. Pfeffer was a Senior Vice President at the merchant banking affiliate of Zurich Insurance and Credit Suisse First Boston, located in New York, New York. Mr. Pfeffer was responsible for the merchant bank's reinsurance syndications involving mortgage and derivative securities.
Mr. Pfeffer retired in 1998 to manage his own investments as a private investor in real estate and public company equities. He is Golden Eagle's largest single supporter and shareholder, having loaned the Company $3 million through convertible debentures, and having invested another $1 million in the Company's shares.
Mr. Pfeffer joins three other current members of Golden Eagle's Board: Ronald Atwood, Ph.D, former Chief Metallurgist for Newmont Gold, and former Director of Research for Newmont Mining; Max Staheli, MBA, former Controller for South America for Barrick Gold Corporation; and Terry C. Turner, a mining and international attorney that has practiced law in Bolivia for 19 years, and is the first and only American admitted to practice in Bolivia.



GOLDEN EAGLE NAMES PRESTIGIOUS GEOLOGIST TO TECHNICAL TEAM

Expert on Precambrian Shield to Share Insights on Company's Gold Deposits.

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - January 29, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that Michael H. Biste, Ph.D, a prestigious geologist located in Santa Cruz, Bolivia, and a pre-eminent expert on the Bolivian Precambrian Shield, has been appointed to the Company's Technical Advisory Board.



GOLDEN EAGLE ANNOUNCES START-UP OF MORE COST-EFFECTIVE UNDERGROUND BLOCK CAVING AT CANGALLI GOLD MINE

January's Production Numbers Covered in Interview with CEOcast.com

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - February 11, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that its Cangalli gold mine has converted from open pit mining to more cost-effective conal subsidence block caving. The operation, which uses conveyors to transport ore from the mine to the processing plant, is designed to process 2,000 tons per day of gold bearing ore.



GOLDEN EAGLE ANNOUNCES THE APPOINTMENT OF
TRACY A. MADSEN AS CHIEF FINANCIAL OFFICER

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - February 13, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that Tracy A. Madsen, 41, has been appointed as the Company's new CFO and Corporate Secretary.
Mr. Madsen received a B.A. in Finance from Boise State University, and an M.B.A. from the University of Nevada Las Vegas.
Mr. Madsen has broad financial and executive experience. From 1987 to 1990, he worked as a branch manager for First Interstate Bank of Nevada. In 1990, and through 1996, Mr. Madsen became Vice President and CFO of Venada Aviation, Inc. During that same period, Mr. Madsen served as President and Chairman of the Board of three subsidiaries of Venada: Arena Aviation, Inc., Lancelot Leasing, Inc. and Camelot Aviation Corporation. From 1996 to 2002, Mr. Madsen served as the CFO of a group of five aviation-related corporations: Tracer Corporation; Trace Air International, Inc.; Miami Holdings, Inc.; Trade Air.com, Inc. and Tracer Aviation Services Canada. He also sharpened his entrepreneurial skills as part owner of Miami Holdings, Inc. From 2002 to his appointment with Golden Eagle, Mr. Madsen was an independent consultant in the areas of accounting, finance, banking, inventory cost management and administration.
I am very happy with the appointment of Tracy Madsen as our new CFO, stated Terry C. Turner, Golden Eagle's President and CEO. To attract a CFO with such extensive accounting, financial and executive experience is one more sign that we are growing and strengthening our Company at a very dynamic moment for us. He also will play an important role in attracting capital as we expand operations, and in managing the increasing proceeds from our mining activities.


GOLDEN EAGLE CONFIRMS COST-EFFECTIVE BLOCK CAVING
IN ITS BOLIVIAN GOLD MINE SUCCESSFULLY PERFORMING UP TO EXPECTATIONS

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - February 24, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that its conal subsidence block caving operation is working very well, and proving to be both efficient and dependable. The operation, designed to process 2,000 tons per day of gold bearing ore, has processed an estimated 18,000 tons since February 11, 2003. Recovery results are currently being analyzed and will be announced as soon as they are available.
We are gratified to see all of our planning and testing paying-off with the proper functioning of our conal subsidence block caving, stated Ronald Atwood, Ph.D., Golden Eagle's Vice President for Development. Now we will work to perfect our processes and continue to further lower our production costs per ounce. Our ultimate goal is to expand our plant to process 11,000 tons of ore per day and decrease our projected cost per ounce of gold to $75 or less.
Since initiating operations at its Cangalli gold mine September 30, 2002, Golden Eagle has produced 60,000 grams, or 1,929 troy ounces, of gold from 133,000 tons of processed ore, with a value of approximately $650,000.


GOLDEN EAGLE SURPASSES PRODUCTION GOAL OF 2,000 TROY OUNCES AFTER TALLYING POSITIVE RESULTS DURING UNDERGROUND START-UP PHASE.

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - February 28, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that it's Cangalli gold mine has produced 2,175 troy ounces of gold since the commencement of operations on September 30, 2002. This number was reached after tallying the results from its first two weeks of production during the start-up phase of its innovative conal subsidence block caving. The operation processed an estimated 18,000 tons of ore for the two weeks ended February 24, 2003, resulting in 7,668 grams, or 246 troy ounces, of gold. The average gold grade was .852 grams per cubic meter, or .426 grams per ton. The grade continues to exceed the Company's projected grades used for financial modeling by 70%.
We are very pleased that we have passed the 2,000 troy ounce milestone while still in our start-up phase of our conal subsidence block caving, stated Terry C. Turner, Golden Eagle's President and CEO. These results, while reflecting only two weeks of processing, illustrate two critical points: they are 70% above our projections, and they are very consistent with our previous results. This consistency in our production results will contribute substantially as our geologists gather data for future resource and reserve estimates.
The Company believes that the new block caving operation is likely to result in a significant reduction in operating costs. The conversion from more expensive diesel powered heavy equipment for earthmoving to electrically powered, highly efficient conveyors, has produced considerable cost cutting. In addition, Golden Eagle expects that its underground block caving will enable it to average in more ore from several of the thirty-five higher-grade paystreaks found in its ore body.
The Company is now focused on refining its cost-per-ounce accounting, which has been complicated by substantial capital investments made in mine and plant improvements and expansions during the initial start-up period of its Cangalli operations. Golden Eagle's U.S. management team, including its recently appointed CFO, is traveling to Bolivia the first week in March to conclude the Company's annual audit and to define policies regarding direct cost-per-ounce accounting.



GOLDEN EAGLE SECURES ENVIRONMENTAL PERMIT FOR ITS BOLIVIAN GOLD MINE

Company Announces Additional Environmental and Educational Efforts


SALT LAKE CITY, UTAH - (BUSINESS WIRE) - March 18, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that it has received its permanent environmental permit for its Cangalli gold mining operations from the Bolivian Vice Ministry of the Environment and Natural Resources. The Company has been operating to date under a conditional use permit. The environmental permit requires the Company to provide ongoing information regarding the environmental impact of its operations as they continue into the future.

In addition, Golden Eagle announced that pursuant to its stated goal of rehabilitating the Tipuani River on its western Bolivian property, it has entered into a partnership with the University of Our Lady of Peace, a major Bolivian university, for the study of the Tipuani River Valley and the remediation of the environmental impact that has resulted from over 400 years of gold mining.

The Tipuani River Valley, also known as the Tipuani Gold Mining District, has produced an estimated 32 million ounces of gold in its known history. Golden Eagle, which owns 74,000 acres of mining claims in this historically prolific gold mining district, is committed to helping restore the Tipuani River to its pristine state and to re-introducing native fish species.

Golden Eagle will also provide room and board at its Cangalli mine camp for the professional staff and interns involved with the project.

Golden Eagle has also agreed with the municipal authorities of the township of Cangalli to provide school supplies for the 2003 school year. The Cangalli School, which educates 143 students from kindergarten through 8th grade, and which has been suffering through Bolivia's current economic recession, has received educational supplies and sports equipment for the past two years from the Company.

We never lose sight of our mission to enhance shareholder value through developing our gold mining interests in Bolivia, stated Mac Delozier, Golden Eagle's Vice-President for Administration in La Paz. However, we also recognize the importance of improving the environment in which we work and in enhancing the health and welfare of the people in Cangalli where we will be operating for years to come.



GOLDEN EAGLE UPDATES RESULTS FROM ITS BOLIVIAN GOLD MINE

Company Maintains Production Levels Despite Inclement Weather



SALT LAKE CITY, UTAH - (BUSINESS WIRE) - March 25, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that for the three week period ended March 18, 2003, its Cangalli gold operation processed 26,000 tons of ore for a total gold production of 12,636 grams, or 406 troy ounces. The average gold grade of the ore processed was .972 grams per cubic meter, or .486 grams per ton. For this period, the recovered gold grade exceeded the Company?s projected grades by 94 percent.

This grade is consistent with previously reported grades within a very tight range. Golden Eagle believes that such consistency is a positive sign and will contribute to production stability. The Company expects that its underground block caving operation may average in more ore from several of the thirty-five higher grade paystreaks identified during exploration.

We are pleased that we have been able to maintain production levels in the face of one of the worst rainy seasons of the past 10 years, Ronald Atwood, Ph.D., Golden Eagle's Vice President for Development, stated from Bolivia. We have now positioned the Cangalli operation to scale up production when the rains subside, which we feel should be within the next three to four weeks. In addition, we are encouraged that our grade from underground operations has exceeded the grade used in our financial modeling by 94 percent.



GOLDEN EAGLE COMPLETES FUNDING OF ITS CANGALLI GOLD MINE EXPANSION


SALT LAKE CITY, UTAH - (BUSINESS WIRE) - March 31, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that it has received the balance of the funding it expects to be necessary to complete the expansion of the next phase of development of its Cangalli gold operation. This expansion is projected to increase operational capacity from 2,000 tons per day of ore to 3,500 tons per day.

Once at 3,500 tons per day, Golden Eagle estimates that its operation will cross the break-even point and enter into profitability if the ore maintains a minimum grade of .25 grams of gold per ton. Golden Eagle's last reported grades were 94 percent higher than this minimum grade.

We are very excited to complete our fundraising and finish expanding our operation to reach profitability, stated Terry C. Turner, Golden Eagle's President and CEO. Once we demonstrate operational profitability, we hope the next phase of expansion, to 11,000 tons per day at a projected cash cost of $75 per ounce of gold produced, will be achieved on an accelerated basis.

The Company has previously purchased and shipped to its Cangalli gold mine a substantial amount of the equipment and structural materials necessary for the plant and mine expansion. Construction on the expansion of the screening plant to increase its capacity is already underway; and additional mine infrastructure development has been undertaken. Orders for two of the essential pieces of larger capacity equipment for the fine gold recovery circuit, a Linatex Separator and a Knelson Concentrator, will be placed this week.

The Company estimates that the expansion will be completed by May 15, 2003 as the rainy season subsides and road conditions improve.



GOLDEN EAGLE REACHES OUT TO NEIGHBORING COMMUNITY OF CHIMA, BOLIVIA AFTER DEVASTATING MUDSLIDE


SALT LAKE CITY, UTAH - (BUSINESS WIRE) - April 1, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that the Golden Eagle Hospital in Cangalli, Bolivia is currently treating victims of a mudslide that devastated the gold mining town of Chima, Bolivia on Monday morning. Torrential rains led to the disaster that covered over 400 homes in Chima, a community located 5.4 miles upriver from Golden Eagle's Cangalli gold mine.

Neither the town of Cangalli, nor Golden Eagle's gold mine currently under expansion, was affected by the mudslide. Based on the topography surrounding its mine and the town of Cangalli, Company engineers have determined that a similar mudslide could not occur.

The Company has also authorized its hospital staff, as well as its entire administrative and mining staff in Cangalli, to aid in the rescue of the victims at the disaster site, and arrange for emergency transport of the injured to the Golden Eagle Hospital. In addition, the Company put its heavy earth moving equipment at the disposal of the rescue effort.



GOLDEN EAGLE’S PRODUCTION BACK ON SCHEDULE AT CANGALLI GOLD MINE

Reports on First Quarter Gold Production



SALT LAKE CITY, UTAH - (BUSINESS WIRE) - April 30, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that for the period between March 18 and April 22, 2003, its Cangalli gold operation processed 30,250 tons of ore for a total gold production of 13,703 grams, or 440 troy ounces. The average gold grade of the ore processed was .906 grams per cubic meter, or .453 grams per metric ton. For this period, the recovered gold grade exceeded the Company’s projected grades by 81 percent.

This grade is consistent with previously reported grades within a very tight range. Golden Eagle believes that such consistency is a positive sign and will contribute to production stability.

Golden Eagle’s Cangalli gold mine is now getting back on its regular production schedule after not operating for several days during the period due to the Company’s contribution to rescue and recovery efforts at the neighboring gold mining town of Chima, Bolivia, which had been devastated by a mudslide on March 31, 2003. That slide, triggered by torrential rains, destroyed more than 400 homes and killed more than an estimated 100 residents. The slide did not directly affect Golden Eagle’s operation and the torrential rains have stopped.

In addition, the Company’s operation was limited during the first three weeks of April by ongoing expansion construction that will result in an increased mining and plant capacity of 3,500 tons per day. Golden Eagle estimates that once it reaches this expanded capacity, its Cangalli gold mine will exceed its break-even point and become a profitable operation.

The Company also reported that during the first quarter of 2003, through its last reported gold recovery on March 18, 2003, it processed 84,100 tons of ore, recovering 36,424 grams, or 1,171 troy ounces, of gold. Gold grades recovered during the quarter were .866 grams per cubic meter, or .433 grams per ton. These grades for the first quarter were 73% higher than grades used by the Company for its financial modeling for the project.

“We are very glad that we could contribute to the rescue and recovery efforts in the neighboring community of Chima in its moment of need, as well as provide medical and food assistance” stated Ronald Atwood, Ph.D., Golden Eagle’s Vice President for Development, from Cangalli, Bolivia. “Our mine and plant expansion efforts are progressing nicely and we are returning to our regular gold production schedule as we expand.”



GOLDEN EAGLE’S “BUEN FUTURO” ACQUISITION KEY TO UNLOCKING GOLD AND COPPER POTENTIAL IN BOLIVIA’S ASCENSION TREND



SALT LAKE CITY, UTAH - (BUSINESS WIRE) - May 30, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that it signed a Letter of Intent to acquire 100% of the Buen Futuro mining claim located squarely in the heart of Golden Eagle’s 125,000-acre landholding in the Precambrian Shield 162 miles north of Santa Cruz, Bolivia, and 11 miles east of the town of Ascension de Guarayos. The Buen Futuro claim consists of 2,500 acres and contains three well-identified gold/copper ore bodies. These ore bodies are found in an oxide zone 130 to 200 feet thick, as well as a supergene copper-enriched zone extending from the oxide zone to a depth of 320 feet, sitting on top of strata-bound volcanogenic massive sulphide (VMS) mineralization.

The Company, which also announced that it is concluding the expansion to 3,500 tons per day of processed ore in its operating mine and plant in Cangalli, Bolivia, hailed the Buen Futuro acquisition as the “key to our strategy of unlocking the gold/copper potential of the Ascension Trend in Bolivia’s Precambrian.”

“We are very excited by the fact that the Buen Futuro gold/copper deposits, surrounded by Golden Eagle’s claims, are just part of a much larger trend of VMS clusters than runs both north and south onto Golden Eagle’s 125,000 acres,” stated Ronald Atwood, Ph.D., Golden Eagle’s VP for Development, who is the former Chief Metallurgist for Newmont Gold and did substantial work in Nevada’s Carlin Trend. “Dr. Biste’s exploration work has identified two sizeable additional VMS exploration targets on Buen Futuro and three more similar targets on the Company’s claims. However, the Ascension Trend is identifiable on Golden Eagle’s property for at least 10 miles. We are just beginning to recognize the possibilities.”

Subject to the satisfactory completion of its final due diligence by June 16, 2003, Golden Eagle has purchased the Buen Futuro claim from Cecilia Calla de Arraya, a Bolivian, in exchange for a 3% net smelter return, $250,000 in cash payable over the next 27 months, and restricted common shares of Golden Eagle with a value of $175,000 also payable over the next 27 months. In addition, Golden Eagle is obtaining all geological reports, drilling data, and other pertinent information, regarding the ore deposits on the Buen Futuro claim.

Michael H. Biste, Ph.D., a geologist recognized as an expert in the Bolivian Precambrian Shield, has studied the Buen Futuro gold/copper deposits over the past 10 years. He has identified an important mineralized trend of VMS clusters, the Ascension Trend, situated in the Guarayos Greenstone Belt that runs across the Buen Futuro and neighboring Golden Eagle claims. Based on Dr. Biste’s work on the Buen Futuro claim and economic and metallurgical analysis by Golden Eagle, the Company expects to confirm a significant amount of gold (found in oxide ore) and copper (found in oxide and supergene ore) deposits on the property which it believes it will be able to mine profitably.

Based on Dr. Biste’s studies, and Golden Eagle’s analysis to date, the Company believes that all of the oxide and supergene ore on the Buen Futuro claim is suitable for open pit mining, which is the most cost-effective mining method available for this ore. The oxide ore can also be mined by free-dig, or dozer ripping, without the use of explosives, further cutting mining costs. The deeper supergene ore may require some explosives to mine.

Both the gold oxide ore, and the copper oxide and supergene ores, are amenable to extremely economical heap leaching that would be entirely consistent with existing environmental regulations in Bolivia, and do not require any grinding, which further cuts Golden Eagle’s expected production costs for such an operation.

Pursuant to the Letter of Intent, Golden Eagle will be obligated to spend $1 million in exploration over the next three years, and $2 million in development expenditures over the next 18 months. Golden Eagle estimates that it will require an initial investment of $3.5 million and a construction period of 12 months to initiate production at an open pit mine and a heap leaching operation. Currently, Golden Eagle does not have such funds available, and it will attempt to seek the necessary funding from third parties. Based on the information from Dr. Biste’s reports, Golden Eagle believes that such an operation has the potential to generate significant revenues for Golden Eagle.

“The Ascension Trend running over 10 miles of our property underscores the potential that this acquisition represents to our shareholders,” stated Terry C. Turner, Golden Eagle’s CEO. “With the current market recognition for gold and copper stocks, we hope that our shareholders will finally begin to realize a very interesting price-to-earnings ratio and a much improved share price that takes into account the dynamic direction our Company is taking.”

Golden Eagle’s management is currently seeking debt financing that will allow for an accelerated production schedule. Golden Eagle cannot assure that such financing will become available, however, the Company believes that substantial amount of drilling and sampling on its gold/copper ore bodies on its Buen Futuro claim, as well as its ongoing exploration strategy on its additional 125,000 acres held in the highly mineralized Ascension Trend in the Guarayos Greenstone Belt, increase the possibility for debt financing.

The Buen Futuro VMS mineralization was initially identified ten years ago by Dr. Biste through geochemical surveys, and subsequently confirmed using Induced Polarization (IP), and Horizontal Loop Electromagnetic (HLEM) surveys. Eventually, between 1993 and 1997, 800 miles of exploration trails were cut through the jungle to take a total of 21,000 samples on the Buen Futuro and surrounding areas. A total of 8,400 feet of auger drilling was performed initially, with 11,000 feet of additional reverse circulation drilling and 27,000 feet of diamond core drilling. A total of 8 miles of trenches were dug and 5,500 trench samples were taken and analyzed.

“We believe that the Buen Futuro project is the ideal compliment to our producing Cangalli gold mine in the Tipuani Gold District,” added Golden Eagle’s Mr. Turner. “Our expansion to 3,500 tons per day in that operation was slightly delayed by the arrival of the larger Knelson Concentrator, which was shipped last week from Vancouver, B.C., and will be installed in the plant circuit within the next two weeks. While we project that this expansion will make our Cangalli operation profitable, we are also hopeful that the Buen Futuro property will make us more attractive to potential joint venture and industry partners, or institutional lenders, to provide the funding necessary to further expand our Cangalli operation to the desired 11,000 tons per day. Our U.S. and Bolivian management teams are ready and able to deal with the challenges and opportunities presented by operating in two mining zones in Bolivia with enormous potential.”



GOLDEN EAGLE HOSTS CONFERENCE CALL/WEBCAST FROM LA PAZ AND CANGALLI, BOLIVIA REGARDING PROGRESS OF GOLD MINE AND
FUTURE DEVELOPMENT OF ASCENSION TREND IN PRECAMBRIAN



SALT LAKE CITY, UTAH - (BUSINESS WIRE) - June 2, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that its President and CEO, Terry C. Turner will co-host, together with Ronald Atwood, Ph.D., VP for Development, a Conference Call and simultaneous Webcast on Thursday, June 5, 2003, at 4:15 p.m. EDT (3:15 p.m. CDT, 2:15 p.m. MDT and 1:15 p.m. PDT). Mr. Turner will be speaking from Golden Eagle’s offices in La Paz, Bolivia, and Dr. Atwood will be speaking from Golden Eagle’s mine offices in Cangalli, Bolivia.

Dr. Atwood will give a current update on the expansion of the capacity of the Cangalli gold mine from 2,000 tpd to 3,500 tpd, as well as a current report on block caving in the mine and gold recoveries in the plant.

Mr. Turner will address the important and timely motives behind the acquisition of the “Buen Futuro” claim in the heart of Golden Eagle’s 125,000-acre landholding in Santa Cruz, Bolivia, and the Company’s perspectives for the future.

“We are very excited to focus on the progress of our Cangalli gold mine in this Conference Call and Webcast, and Dr. Atwood’s role as co-host from the mine underscores that focus” stated Golden Eagle’s President and CEO. “We want our shareholders and the public to have the most current information available. However, it is also critical to give a more in-depth understanding of our major acquisition of the Buen Futuro claim in the Ascension Gold/Copper Trend.”



GOLDEN EAGLE’S PRESIDENT AND CEO INTERVIEWED BY CEOCAST REGARDING CANGALLI GOLD MINE EXPANSION AND ASCENSION GOLD/COPPER TREND POTENTIAL


SALT LAKE CITY, UTAH - (BUSINESS WIRE) - June 3, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that its President and CEO, Terry C. Turner, was interviewed on Monday, June 2, 2003, by CEOcast.com, a leading online financial portal. The streaming audio of the interview is available at www.CEOcast.com.

The interview focused on Golden Eagle’s current Cangalli gold mine capacity expansion from 2,000 tpd to 3,500 tpd. Golden Eagle projects that its Cangalli operation will be profitable once operating at the 3,500 tpd level.

CEOcast’s interview also covered Golden Eagle’s recent acquisition of the Buen Futuro mining claim located in the heart of the Company’s 125,000-acre landholding, and its importance in unlocking the potential of the Ascension Gold/Copper Trend in Bolivia’s Precambrian Shield.



GOLDEN EAGLE ANNOUNCES RECORD-BREAKING GRADE FROM BOLIVIAN GOLD MINE

Company Reports on Mine Production and Conference Call/Webcast of June 5, 2003



SALT LAKE CITY, UTAH - (BUSINESS WIRE) - June 6, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that for the five-day period between May 25 and May 30, 2003, its Cangalli gold mine recovered a record-breaking gold grade of 1.136 grams per cubic meter, or .568 per ton. The Cangalli plant processed 7,500 tons of ore in that period, for total production of 4,260 grams, or 136 troy ounces. The previous record had been set on November 7, 2002, with 1.108 grams per cubic meter and .554 grams per ton.

To date, the Company’s recoveries have exceeded 3,000 ounces, as well as exceeded $1 million dollar, having produced 3,326 troy ounces since the initiation of operations at its Cangalli mine on September 30, 2002, with an estimated total value of $1,125,000.

For the entire period from April 23 through May 30, 2003, the Cangalli operation processed 24,800 tons with an average grade of .764 grams per cubic meter, or .382 grams per ton, to produce 9,474 grams, or 305 troy ounces. Operations were slowed significantly by mine development and plant construction associated with our 3,500-tpd expansion, which should be completed within the next two weeks.

“We started seeing the characteristics of the ore changing between May 17 and May 24, which suggested that we were receiving a greater contribution from a higher-grade pay lense,” stated Golden Eagle’s President and CEO, Terry C. Turner. “We shut down our plant and recovered the gold from the previous production on May 24. In order to confirm our observations, we then ran for five days to get a better feel for whether the ore being processed was from a pay lense. Three of the nuggets recovered were in the one-ounce range, and one weighed over 33 grams. We are also very encouraged by the material in general that our plant is processing. There has been a change in the ore composition as our mine adit just passed 1,000 feet in length and is entering the core of the paleo-channel of the ancient river flow.”

“We are looking forward with great anticipation to achieving our full operational level,” indicated Ronald Atwood, Ph.D., Golden Eagle’s VP for Development. “After operating through the worst rainy season in 10 years, and experiencing some important equipment delays in our expansion, hitting our production capacity on a regular basis will be our foremost goal.”



GOLDEN EAGLE CELEBRATES SURPASSING MILESTONE OF 3,000 TROY OUNCES AND $1 MILLION IN REVENUE BY OFFERING THE CANGALLI MINE’S FIRST ONE-OUNCE GOLD NUGGET


Other News on the Company

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - June 19, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that it is offering the opportunity to one individual to receive the first one-ounce gold nugget that was recovered during the last week of May from its Cangalli, Bolivia gold mine. The offer is to commemorate the Company surpassing the milestone of producing over 3,000 troy ounces of gold, and over $1 million in revenue, since initiating operations September 30, 2002, at its mine located in the heart of the Tipuani Gold District, an area that has produced 32 million ounces of gold in its known history.

In order to celebrate these events, the Company is offering one individual the opportunity to receive its first one-ounce gold nugget (actual weight of 33 grams) by being selected randomly from those who have registered to receive Golden Eagle’s E-mail Alerts. Over 1,800 interested persons have signed on for Eagle E-mail Alerts in recent months to receive ongoing information about the Company.

To be eligible to be randomly selected to receive the one-ounce gold nugget, interested persons must register for Eagle E-mail Alerts by e-mailing the Company at [e-mail], by Friday, June 27, 2003. Those who have previously registered, and whose names still remain on the E-mail Alert list, will automatically be eligible for the random selection process. The individual selected will be notified on Tuesday, July 1, 2003.

“We are extremely pleased, despite some slowdowns in the past in our expansion efforts, by the fact that we have exceeded so many of our production expectations”, stated Terry C. Turner, Golden Eagle’s President and CEO. “Now, we are glad that we can share the excitement that we have created in Bolivia by the success of our project with one of our investors or interested friends through giving away the first one-ounce gold nugget recovered from our mine.”

Ronald Atwood, Ph.D., Golden Eagle’s VP for Development, is currently in Cangalli, Bolivia, supervising the installation of custom equipment in the Company’s final phase of its 3,500 tpd plant expansion. Dr. Atwood has ordered modifications to the expanded screening section of the larger plant to ensure the recovery of the coarser gold nuggets that are appearing more frequently than had previously been anticipated or seen in the ore.



GOLDEN EAGLE ANNOUNCES MID-JUNE PRODUCTION NUMBERS


Company Projects Expansion Completion &
Reiterates One-Ounce Nugget Offer

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - June 24, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that for the two-week period ended June 15, 2003, its Cangalli gold mine produced 7,782 grams, or 250 troy ounces, of gold. The Cangalli operation processed 15,350 tons of ore with an average grade of 1.014 grams per cubic meter, or .507 grams per ton.

“We are very pleased that our Cangalli mine could continue producing even while installing the final pieces of recovery equipment in our expanded plant circuit,” stated Terry C. Turner, Golden Eagle’s President and CEO. “We are also excited to see our recovered gold grade over 100% above the grade used in our project modeling. We now look forward to launching into operation next week our expanded plant with a processing capacity of 3,500 tpd of ore.”

The Company projects that its 3,500 tpd capacity plant and mine expansion will be completed by July 1, 2003, and that its shakeout phase will be ongoing during the month of July. Golden Eagle projects that once its Cangalli operation is processing at full capacity, it will cross the break-even point and become profitable.



GOLDEN EAGLE ANNOUNCES COMPLETION OF EXPANSION OF
CANGALLI GOLD MINE TO 3,500 TONS PER DAY


SALT LAKE CITY, UTAH - (BUSINESS WIRE) - July 3, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that it completed the expansion of its gold mine and plant located in Cangalli, Bolivia on July 1, 2003 from an ore capacity of 2,000 tpd to 3,500 tpd. The operation has begun its start-up phase. The Company projects that once the expanded mine and plant reach their full production capacity of 3,500 tpd on a sustained basis, the operation will be profitable.

“This is an exciting milestone for Golden Eagle in its progress toward profitability at its Cangalli mine,” stated Ronald Atwood, Ph.D, Vice President for Development. “We have worked hard to build in all of the cost-cutting features that will help us reach our ultimate goal of becoming one of the lowest-cost gold producers in the industry.”



GOLDEN EAGLE ANNOUNCES FINAL SECOND QUARTER PRODUCTION NUMBERS

Expanded Plant Working Toward Full Capacity in Start-up Phase


SALT LAKE CITY, UTAH - (BUSINESS WIRE) - July 18, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that during the second quarter of 2003, its gold mine located in Cangalli, Bolivia processed 89,150 tons of ore with a gold production of 37,841 grams, or 1,217 troy ounces. The average gold grade was .848 grams per cubic meter, or .424 grams per ton. These production figures for the period resulted in a 6% increase in tons processed, and a 4% increase in gold production, over the previous quarter, despite the fact that the plant and mine were being expanded during most of the quarter to the present capacity of 3,500 tpd.

Golden Eagle completed its plant and mine expansion to a capacity of 3,500 tpd on July 1, 2003, and has operated the plant during that period in its start-up phase. The Cangalli operation has processed up to 3,000 tpd during this start-up, but has also experienced some expected downtime to make adjustments and improvements in operations.

“We are extremely pleased that we finished the quarter with an increase in production even though we were working on our plant and mine expansion at the same time,” stated Terry C. Turner, Golden Eagle’s President and CEO. “We are excited in anticipation of further increased production as our expanded plant comes up to its full capacity over the course of the next several weeks. We are making good progress.”

Golden Eagle projects that once its Cangalli operation is processing at full capacity, that operation will cross the break-even point and become profitable.



GOLDEN EAGLE REACHES FULL CAPACITY PRODUCTION
AT ITS BOLIVIAN GOLD MINE

Company Projects Positive Cash Flow Once These Levels are Sustained


SALT LAKE CITY, UTAH - (BUSINESS WIRE) - July 24, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that its recently-expanded Cangalli gold mining operation, which has been in its start-up mode since July 1, 2003, operated for the past 3-day period at its full capacity of 3,500 tpd. Ore was processed from both the Company’s interior mine block caving operation, as well as from its open pit site. Initial testing in the plant has shown that the expanded recovery circuit is functioning at or above normal ranges, and that recoveries in all of the gold size fractions are very satisfactory.

“We are pleased to see our Cangalli operation reach full capacity so quickly,” stated Ronald Atwood, Ph.D, Golden Eagle’s VP for Development. “Now we will put our total efforts into reaching sustained full-capacity operations over the next weeks and months. All necessary equipment and personnel are in place, we just have to go through the learning curve of delivering this much ore, on a steady basis, to our recovery plant.”

Once Golden Eagle’s expanded operation reaches sustained capacity production, the Company projects that the operation will achieve a positive cash flow.

The Company also announced that it has completed several infrastructure improvements to weirs, reservoirs and tanks in its clean water delivery system, as well as an additional 4-mile water line, to provide its Cangalli operation with sufficient clean water from the El Capitan River. This improved system now exceeds current clean water requirements of the expanded Knelson Concentrator in Golden Eagle’s plant by 200%, and meets additional water needs throughout the plant. These projects employed over 200 workers over the past several months. Many of these workers are now being incorporated into Golden Eagle’s permanent workforce.

“At this moment, when Bolivia in general is going through a period of economic recession and severe unemployment, and the Cangalli area is being especially hard-hit, we are very happy to be in production and providing these needed jobs,” said Terry C. Turner, Golden Eagle’s CEO.

The Company intends to release its July production numbers regarding its first full month of operating at its expanded capacity of 3,500 tpd on August 5, 2003, once all of the increased tons of concentrates have been processed into final gold product for delivery to market.



GOLDEN EAGLE ANNOUNCES JULY PRODUCTION FROM BOLIVIAN GOLD MINE

Company Operates at Full Capacity for Last Ten Day’s of July


SALT LAKE CITY, UTAH - (BUSINESS WIRE) - August 5, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that its Cangalli, Bolivia gold operation, on which final construction for a new expanded capacity of 3,500 tpd was completed July 1, 2003, operated for the last 10 days of July at full capacity. Ore was processed from both the Company’s interior mine block caving operation, as well as its open pit.

For the entire month of July while in its start-up phase, the operation processed 47,300 tons of ore, with an average gold grade of .654 grams per cubic meter, or .327 grams per ton. Total gold production of 15,467 grams, or 497 troy ounces, resulted in one of the highest one-month figures since Golden Eagle’s Cangalli mine initiated operations on September 30, 2002.

“We are extremely pleased with our Cangalli operation’s performance during the last ten days of July,” stated Terry C. Turner, Golden Eagle’s CEO. “We have learned valuable lessons about processing at this higher production level. These lessons will help us reach our goal of maintaining consistent, sustained full capacity production in the future which the company projects will result in positive cash flow.”


GOLDEN EAGLE ANNOUNCES RECORD GOLD GRADES
WHILE PRODUCING AT CAPACITY IN BOLIVIAN GOLD MINE



SALT LAKE CITY, UTAH - (BUSINESS WIRE) - August 19, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that for the first ten days of August, the Cangalli gold mine recovered a record grade of 1.204 grams of gold per cubic meter, or .607 grams per ton. This is the highest average gold grade since the Company initiated operations at its Cangalli mine on September 30, 2002.

Golden Eagle also announced that its Cangalli mine continued to operate at its capacity of 3,500 tpd for the first ten days of August, processing 35,000 tons of ore from both its block caving and open pit operations, and recovering 21,245 grams, or 683 troy ounces, of gold.

“We are very pleased to see a record gold grade for these first ten days of August,” stated Terry C. Turner, Golden Eagle’s CEO. “While we have seen our grades vary in the past, we believe that our higher production volume will contribute to maintaining good grades and decreasing our cost per ounce.”

The Company has also been gathering data from its 10-month production history with its conglomerate ore to study maximizing its gold grades recovered and avoiding dilution by less-well mineralized material.



GOLDEN EAGLE ANNOUNCES PROGRESS ON GOLD PROSPECT
IN BOLIVIA’S PRECAMBRIAN SHIELD

Company Moves Closer to Confirming Promise of Buen Futuro Acquisition


SALT LAKE CITY, UTAH - (BUSINESS WIRE) - August 21, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced progress today on feasibility and final design work regarding its Buen Futuro gold/copper acquisition in eastern Bolivia. Dr. Michael H. Biste, a preeminent geologist on the Bolivian Precambrian Shield, and a member of the Company’s Technical Advisory Board, visited the United States between July 31 and August 6, 2003. Dr. Biste, who resides in Santa Cruz, Bolivia, accompanied Golden Eagle’s management in meetings with a well-recognized engineering firm regarding all of the evaluation work performed to date on the Buen Futuro property.

Dr. Biste has been using a reserve estimation program to analyze all of the previous sampling data on Buen Futuro, which was proprietary information that Golden Eagle also acquired when it purchased the property. That sampling data resulted from 8,400 feet of auger drilling, 11,000 feet of reverse circulation drilling, 27,000 feet of diamond drilling, and 8 miles of trenches producing 5,500 trench samples. The data has also been run through a pit design and mine plan modeling program for the purpose of maximizing potential grades and tonnages.

The Company has also been running metallurgical tests in the U.S. and Bolivia on the Buen Futuro material, and finalizing economic projections based on those tests.

“We are very optimistic about our feasibility work on the Buen Futuro acquisition as we take one necessary step after another toward our goal of quantifying the amount of gold and copper that is recoverable in Buen Futuro,” stated Ronald Atwood, Ph.D., Golden Eagle’s VP of Development. “We are in the process of confirming our belief that Golden Eagle has a dynamic future in Buen Futuro, which is a little less than two percent of our total landholding in the Ascension Gold/Copper Trend, but brings with it a wealth of information.”

In anticipation of operating both in western and eastern Bolivia, Golden Eagle has taken bids for the construction of a small landing strip two kilometers from its Cangalli gold mine in western Bolivia 60 miles north of La Paz. The Company estimates that construction costs will be less than $50,000. Construction is projected to begin within ten days.

A well-maintained landing strip exists seven miles from Golden Eagle’s landholdings of 127,500 acres in the Ascension Gold/Copper Trend in Bolivia’s Precambrian Shield 160 miles north of Santa Cruz, Bolivia.


GOLD UPDATE: GOLDEN EAGLE’S CEO DISCUSSES GROWING PRODUCTION AT COMPANY’S CANGALLI MINE AND OPPORTUNITIES AT BUEN FUTURO IN CEOCAST INTERVIEW

Company Moves Closer to Positive Cash Flow
as One-Year Anniversary of Operations Approaches


SALT LAKE CITY, UTAH - (BUSINESS WIRE) - September 2, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that its President and CEO, Terry C. Turner, was interviewed from Golden Eagle’s offices in La Paz, Bolivia, by CEOcast, Inc, an investment newsletter and one of the largest Internet investment portals. The interview can be heard at www.CEOcast.com. The CEOcast newsletter has a subscriber base of over 1.6 million investors.

“We continue to gain momentum at our Cangalli Mine,” Golden Eagle’s CEO, Terry C. Turner, stated. “As we approach the one-year anniversary of operations at Cangalli on September 30, 2003, it is a good time to reflect on the progress that we have made. We have succeeded in overcoming weather-related obstacles and delays in the delivery of equipment to demonstrate the potential of our gold deposit. Now, we have produced at our expanded 3,500-tpd capacity for the last ten days of July and the first ten days of August. While these levels are significant, as they will allow us to generate positive cash flow once we reach sustained capacity, we are not satisfied. We are planning for the next phase of expansion at Cangalli while actively making progress at our Buen Futuro gold/copper acquisition in eastern Bolivia.”



GOLDEN EAGLE’S HEALTH FAIR 2003 IS LARGEST EVER
“A WISE INVESTMENT IN THE FUTURE”
Contribution to Health & Welfare Infrastructure
Lauded as “Exemplary” by Local Authorities and Company Employees


SALT LAKE CITY, UTAH - (BUSINESS WIRE) - September 4, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that it sponsored its annual health fair, Health Fair 2003, in Cangalli, Bolivia between August 29-31, 2003.

“The Health Fair this year was our largest ever,” according to Victor Hugo Bretel, the Director of Special Projects for the Company’s Bolivian subsidiary. “Our medical teams saw 750 patients, and every one of them had a full physical exam, as well as a full laboratory analysis. The community of Cangalli is always very grateful to the Company and its shareholders. We are making a wise investment in the future health and well being of the locals, our employees and their families. You could not buy the good will created in the community through our efforts to improve the quality of life in this remote region.”

During this year’s Health Fair 2003, Golden Eagle was lauded in letters from the community, a full assembly at the school, the Company’s employees and on the local radio broadcast. Officials of the township of Cangalli and officials from the Cangalli School, praised the Company’s “exemplary” contribution to the health and welfare infrastructure of the area.

While Golden Eagle has sponsored these Health Fairs for the past several years, it has had a much more permanent impact. The Company has provided the only doctor and pharmacy in Cangalli, Bolivia, for the past 7 years, and recently appointed an additional fulltime Ob/Gyn to meet specific women’s health issues. Also, through an agreement with the medical school at the National University of San Andres, the Company permits two interns to fulfill their one-year internship requirements in Golden Eagle’s Cangalli hospital on a rotating basis.

In addition, in keeping with its mission statement of serving the communities in which in mines not only in the area of health, but in education as well, Golden Eagle provides basic school materials and sports equipment each year for the Cangalli School that educates 138 of the local children from kindergarten through 8th grade.

The Company transported a medical team of 34 from La Paz to Golden Eagle’s hospital in Cangalli, Bolivia for Health Fair 2003. That team included four doctors (a gynecologist, a pediatrician and two family practitioners), five interns, 21 medical students and four laboratory technicians. All were there to carry out general physical and gynecological examinations, as well as checking specifically for tuberculosis, malaria and parasitic problems. The children of the community especially benefited from progress checkups and a full range of vaccinations.

Both of Golden Eagle’s fulltime doctors, and its two interns, assisted in Health Fair 2003. Golden Eagle’s lead attending physician, Dr. Carlos Rodriquez, stated, “My message this year is the same as it has been in the past. Our Health Fairs raise the spirits of everyone in the community. These thorough examinations, and lab work, were unknown in this remote location before Golden Eagle arrived. This is proactive medicine; something we seldom see in the outlying areas in Bolivia. Our Health Fairs have actually caught cancers in their early stages, tuberculosis, severe cases of intestinal parasites, and other diseases, so that the patient could be treated here or transported to La Paz for more formal treatment before things advanced beyond help. This effort tangibly raises the standard of living for this entire region.”

Golden Eagle also noted that the proceeds from its recent online auction of one of its one-ounce gold nuggets recovered at the Cangalli mine contributed significantly to the success of this year’s Health Fair.

“Our principal focus during this last year as we have operated our gold mine, and expanded our capacity to 3,500 tpd in the plant, has been to maximize production and minimize our costs to increase our shareholders’ value,” stated Mac Delozier, Golden Eagle’s Administrative VP in Bolivia. “However, without a doubt, our humanitarian efforts in the area are excellent investments. Contributing to the present and future well being of the local population is a significant component of our long-term vision. We do it because it is the right thing to do, but it has also always paid extraordinary dividends in support and cooperation by the local officials and townspeople, as well as a recognition on a national level of our commitment to the community.”



GOLDEN EAGLE BREAKS ALL MONTHLY PROCESSING
AND GOLD PRODUCTION RECORDS IN AUGUST
Company Developing Techniques for Targeting High-Grade Paystreaks


SALT LAKE CITY, UTAH - (BUSINESS WIRE) - September 12, 2003 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that it established new records for ore processing and gold production at its Cangalli mine during the month of August.

Golden Eagle’s Bolivian operation mined 107,500 tons of material during 28 days of mining, averaging 3,839 tons per day. Open pit mining began in a new area at the mouth of the El Capitan canyon. Through the use of in-pit testing in its open pit, the operation excluded colluvial and alluvial overburden that anciently had either sloughed in, or had been washed in, onto the ore from the adjacent canyon. That 26,500 tons of overburden stripped from the new open pit, which left the higher-grade ore exposed, was directly deposited to waste. A total of 81,000 tons of ore were presented to the plant for processing from open pit and underground operations during the month.

The Cangalli operation recovered 25,891 grams, or 832 troy ounces, of gold in its processing plant during the month. The average grade was .640 grams per cubic meter, or .320 grams per ton, of ore processed.

Tons of ore processed exceeded the previous highest monthly average from the Fourth Quarter of 2002 by 262 percent, while the number of troy ounces of gold recovered exceeded the previous high monthly average, also from the Fourth Quarter of 2002, by 177 percent.

“We saw our ore grades dropping off from record highs during the month in our new open pit until our in-pit testing program began to indicate that we were presenting extremely low-grade overburden to our processing plant,” stated Terry C. Turner, Golden Eagle’s CEO. “During this past year of operation we have gathered an incredible amount of information regarding both our open pit and underground mine ore. We intend to use what we have learned to more precisely target high-grade paystreaks through the implementation of an approach we are calling ‘Targeted Planar Subsidence’ or ‘TPS’. These paystreaks have proven to be much richer in gold content than the surrounding material.”

Since the formal paystreaks have characteristics similar to coal seams or mantles, the Company’s technical team began examining techniques for bulk production used in coal mining known as “long walling.” Executives, including Dr. Ronald Atwood, VP for Development; Giovanni Viscarra, Cangalli Mine Superintendent; and Terry Turner, CEO, visited consultants at Penn State University at the end of July 2003. Those executives and consultants also visited a local Pennsylvania coal mine in which long walling was being employed to mine 9 million tons of coal per year. While the traditional long walling technique is not directly applicable to mining in Golden Eagle’s conglomerate ore, during this visit Company executives studied the adaptability of certain concepts to mining the Cangalli high-grade paystreaks in high volumes, while continuing block caving in other areas of the mine, as well as open pit operations.

“By targeting high-grade paystreaks that are usually 2 to 3 meters thick and processing a horizontal plane of ore, rather than taking the entire vertical sections that conal subsidence block caving currently does, we expect to eliminate a great deal of dilution from lower grade ore. We estimate that we will be able to recover the same amount of gold as we would from our projected 11,000 tpd future expansion with less ore processed, which translates into much lower costs per ounce and increased potential capacity,” stated Terry C. Turner, the Company’s CEO.

Long walling employs a set of shields, or hydraulically raised plates, to create a ceiling in the work area. Once an area has been mined out, the shields creating the artificial ceiling are lowered and advanced to create the ceiling for the next area to be mined. The area behind the shields is allowed to cave in, or subside. By avoiding the need to maintain the mine area open that has already been worked out, Golden Eagle anticipates that the costs of operation and other operating concerns should be significantly decreased.

“Targeted Planar Subsidence (‘TPS’), increased ore quality control in the open pit, and other ideas that we are developing as we learn more about mining and processing our Cangalli ore, should help us improve our gold grade per ton and make our operation more efficient and cost-effective,” stated Dr. Ronald Atwood, VP for Development.

Golden Eagle estimates that its pilot program for Targeted Planar Subsidence will cost approximately $250,000, which it intends to partially fund over the next two months from operations at Cangalli, Bolivia, and other financing alternatives that the Company is considering. Development costs of $25,000 have already been funded through current operations.



I believe we have a WINNNNNER!

Good luck!
Dave Munday



Golden Eagle newbies - don't forget to visit
the "unofficial" site at:

http://golden-eagle-int.com/

Lots of good information there.

Also you can go to this site and see what some posters don't want you to see here at the Ihub MYNG message board or on Raging Bull's MYNG board.

http://asia.groups.yahoo.com/group/EvidenceMYNG/


Dave Munday