SALT LAKE CITY, UT–(EMWNews – July 21, 2008) – Golden Eagle International, Inc.

(OTCBB: MYNG) today reported that its C Zone gold mill in eastern Bolivia

is operating and hit its processing goal of 200 tonnes per day (tpd) during

one 24-hour period. (The Company is striving to maintain this daily

production level, but cannot yet assure that it will be met on a daily

basis.)

The C Zone mill went through a shakeout trial operating period until June

26, 2008 and has been in production since that date meeting operational

challenges in an effort to reach steady-state processing at the mill’s

current capacity of 200 tpd. The Company intends to incrementally expand

its mill over the first 6 months of operations to a final projected

capacity of 2,000 tpd. (See Golden Eagle’s updated PowerPoint presentation on the

C Zone mill at its website, www.geii.com.)

Golden Eagle International, Inc. is a gold and copper exploration and

mining company headquartered in Salt Lake City, Utah and with offices also

in Santa Cruz, Bolivia. Because the Company has limited financial

resources, its efforts have centered on establishing production operations

on its gold project on the C Zone within

its 136,500 acres (213 square miles) in eastern Bolivia’s Precambrian

Shield. The Company is also continuing the development of its Buen Futuro A Zone gold

and copper project. In addition, Golden Eagle is working with industry

consultants regarding the potential expansion of its operations through

maximizing the potential of, or selling to third parties and reinvesting

the proceeds from, its Gold Bar 3,500 to 4,500 tpd

CIP gold mill located in Eureka, Nevada.

The Company highly recommends that you review its disclosures, risk

statements, previous press releases, annual reports, quarterly reports and

current reports found at its website: www.geii.com.

Eagle E-mail Alerts: If you are interested in receiving Eagle E-mail

Alerts, please e-mail the Golden Eagle at: [email protected].

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND RISKS

Some of the statements in this press release are forward-looking statements

and are based on current expectations, assumptions and estimates. Words and

phrases such as “believe,” “intend,” “expect,” “expansion,” “anticipate,”

“initiating,” “commencing,” “project,” “add value,” “bringing into

production,” “maximizing,” “take advantage of,” “striving to” or similar

expressions, are intended to identify “forward-looking statements.”

Forward-looking statements carry certain risks regarding an assumed set of

economic conditions and courses of action, including: (a) whether Golden

Eagle will be able to obtain sufficient financing to continue to meet its

operational goals; (b) estimates of mineralized material and future

production levels; (c) uncertainties that result from actions that may be

taken in Bolivia relative to increases in the Complementary Mining Tax,

Corporate Income Tax or the amount paid for mining patents [claims fees] in

the future; (d) uncertainties that result from social and political

conditions in Bolivia; and (e) other risk factors and matters disclosed in

Golden Eagle’s Securities and Exchange Commission (“SEC”) filings that may

be accessed at www.sec.gov or through the Company’s web site SEC link:

http://www.geii.com/investors/sec.php. There is a significant risk that

actual material results will vary from projected results. No information

provided in this press release should be construed as a representation, or

indication in any manner, of the present or future value of the Company or

its common stock. Readers of information contained in this press release

should carefully review the Company’s filings with the SEC that contain

important information regarding the Company’s financial results, its future

plans and their limitations, and the risks involved with the Company’s

operations. Golden Eagle disclaims any responsibility to update

forward-looking statements made herein.