Eagle Eye Metals Limited (ASX:EYE) Completed Drilling at Dankassa Gold Project

Perth, July 14, 2011 AEST (ABN Newswire) - Eagle Eye Metals Limited (ASX:EYE) is pleased to advise that it has successfully completed its inaugural drilling campaign at the Dankassa Gold Project in Mali.

Drilling by previous owners at the Dankassa Project defined extensive bedrock gold mineralisation in an area referred to as the Kourouba Prospect - a 5 kilometre long coherent gold in soil anomaly. Significant results in limited previous drilling included:

- 10m @ 5.75 g/t Au

- 12m @ 1.81 g/t Au

- 14m @ 1.76 g/t Au

- 40m @ 1.06 g/t Au (incl 10m @ 1.63 g/t Au)

- 20m @ 2.17 g/t Au

Eagle Eye's initial drill program was designed to extend drill coverage north and south of the previous ore grade drill intercepts, and to rapidly determine the continuity and grade of gold mineralisation within the central portion of the Kourouba Prospect.

A total of 24 holes for 2,400 metres of reverse circulation drilling were completed over approximately 800 metres of strike. Assay results are anticipated within the next four to six weeks.

Work continues to advance the extensions of the 5 kilometre long soil anomaly at the Kourouba Prospect, as well as other targets at the Dankassa Gold Project, to drill-ready stage.

Background - Eagle Eye Metals

Eagle Eye Metals Limited holds substantial interests in several highly prospective gold projects in Mali and Liberia in West Africa; a gold rich region that has produced in excess of 250 million ounces of gold. The Company recently raised approximately A$3.4 million and is now very well financed to continue to aggressively explore its gold projects and to continue to assess new opportunities to continue to grow the business.

Contact

Kevin Joyce Managing Director Eagle Eye Metals Limited Ph: +61-8-9389-4450 Email: kevin@eagleeyemetals.com http://www.eagleeyemetals.com