Attention Business Editors:

Gold Eagle Mines Ltd. - Bruce Channel exploration target potential

     TSX: GEA

     TORONTO, May 27 /CNW/ - Gold Eagle Mines Ltd. (TSX: GEA) ("Gold Eagle" or
the "Company") is pleased to report an exploration target potential for the
Bruce Channel which has been prepared by Mr. Peter George P.Geo., of Geoex
Limited. In Mr. George's opinion, the exploration target potential of the
Bruce Channel, based on the drilling completed to the end of 2007, is
14.1 million tonnes to 16.5 million tonnes grading between 20 grams gold per
tonne to 25 grams gold per tonne, yielding an in-situ potential of between
9.0 million to 13.3 million ounces of gold.
     Geoex Limited has prepared an independent report on the exploration
target potential of the Bruce Channel, located within the Gold Eagle property
("Property") and situated along the prolific 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.
     Along the Bruce Channel, at approximately 800 metres below surface, lies
the Bruce Channel Discovery mineralized envelope. This mineralized envelope,
which remains open in all directions, is currently estimated to extend a
minimum of 1,100 metres vertically with a horizontal footprint of
approximately 720 metres northeast-southwest and 450 metres
northwest-southeast.
     The qualified person and author of the report is Mr. Peter George,
P.Geo., Consulting Geologist ("the Author"), who has over 40 years experience
in the Canadian mining industry with extensive experience in the exploration
for gold in Ontario, Quebec, and Manitoba.
     The Author's opinions on the geological potential of the Bruce Channel
are based upon a thorough review of drilling completed along the Bruce
Channel, which consisted of 165 drill holes and wedges totalling approximately
103,708 metres completed to year-end 2007, and 329 significant composited
assay intervals developed by the Author.
     Based on the Author's composite assay database, 100% of the composites
resulted in an average grade of 9.0 grams gold per tonne, indicating potential
for 14.1 million tonnes to 16.5 million tonnes containing between 4.1 million
to 4.7 million ounces of gold. Based on the Author's composite assay database,
the upper 50% of the composites resulted in an average grade of 16.8 grams
gold per tonne, indicating potential for 7.4 million tonnes to 8.5 million
tonnes containing between 4.0 million to 4.6 million ounces of gold.
     In the Author's experience, reconciliation of surface exploration drill
holes with underground bulk samples and stope production data generally
indicates that wide-spaced exploration drill holes understate both the grade
and width of mineralized structures by factors of 100% to 200%. The Author
therefore concludes that the composite assay database indicates geological
potential for an average grade in the 18 to 27 grams gold per tonne range.
     The Bruce Channel mineralization is considered to be the down-plunge
extension of the past-producing Cochenour Willans ore body, which is projected
to enter the north boundary of the Property at a depth of approximately
700 metres below surface. The Cochenour Willans Mine produced approximately
1.2 million ounces of gold from 2 million tonnes of ore at a recovered grade
of 18.5 grams gold per tonne. Allowing for 15% mine dilution and 95% mill
recovery, this indicates an in-situ grade of approximately 22.9 grams gold per
tonne.
     Recognizing the limitations of assessing the grade of Archean lode gold
deposits based solely on drill hole data, the Author considers the current
drill exploration program has had a higher than average hit ratio in terms of
"significant intersections". This conclusion is based on Rogers (1982) who
noted that at the Dome Mine in Timmins, in areas that were ultimately mined,
40% to 60% of holes completed through multi-vein gold structures and 50% to
80% of holes completed through single vein structures failed to return any
gold values in excess of 1.7 grams per tonne.
     In the Author's opinion, these factors must be taken into consideration
when evaluating the significance of surface drilling results as, "the role of
drilling is paramount in the success or failure of 'making a mine' however,
drill results are often misleading when consideration is given only to the
economic value of the drill core assays themselves." (Rogers 1982).
     Therefore, the Author believes that it is reasonable to determine the
in-situ gold target potential of the Bruce Channel based upon average grades
in the 20 to 25 grams gold per tonne range that straddles the average grade of
the up-plunge Cochenour Willans ore body.
     In conclusion, the Author's opinion is that the exploration target
potential of the Bruce Channel, based on the drilling completed to the end of
2007, is 14.1 million tonnes to 16.5 million tonnes grading between 20 grams
gold per tonne to 25 grams gold per tonne, yielding an in-situ potential of
between 9.0 million to 13.3 million ounces of gold.
     The potential quantity and grade estimates presented herein are
conceptual in nature, there has been insufficient exploration to define a
"Mineral Resource" as defined in NI 43-101, and it is uncertain if further
exploration will result in the target being delineated as a Mineral Resource.
     Disclosure of the potential quantity and grade of a potential mineral
deposit that is to be the target of further exploration is permitted under
Sections 2.3(2) and 2.3(3) of National Instrument 43-101 ("NI 43-101")
provided that the necessary cautionary language is appended to any reference
to the potential target estimate, and the basis for determining the potential
target is clearly stated.
     In the Author's opinion current drilling on the Property is too
wide-spaced to enable a NI 43-101 compliant resource estimate. However, visual
inspection of drill sections has given the Author confidence that there is a
strong apparent structural trend that future surface drilling, underground
drilling and underground development will demonstrate to have continuity.
     The Author concluded that the Property is of considerable merit and
warrants ongoing surface exploration and commitment to a major underground
exploration effort that will provide access to fully delineate the geological
setting and orientation of the gold-bearing structures and to take bulk
samples to properly determine the grade of the mineralization.
     No material errors were found by the Author during the review of the
geological and assay databases. The drilling and analytical database meets
industry standards and in the opinion of the Author the site personnel have
conducted their work to standards that meet or exceed Canadian Institute of
Mining and Metallurgy best practice guidelines.
     Mr. George P.Geo is a qualified person within the meaning of National
Instrument 43-101. Mr. George has reviewed the contents of this news release
and has confirmed that it reflects the opinions and conclusions expressed in
his report and that no opinions or conclusions have been omitted that would
have a material impact on the information presented herein.

     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.

     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.

     %SEDAR: 00024756E

For further information: please feel free to contact our offices at: Tel:
(416) 867-8998, Fax: (416) 867-9393, Email: info@goldeaglemines.com,
www.goldeaglemines.com