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Golden Eagle Reaches Out to Neighboring Community of Chima, Bolivia After Devastating Mudslide

Golden Eagle Reaches Out to Neighboring Community of Chima, Bolivia After Devastating Mudslide

Published 04-01-03

Submitted by Golden Eagle International Inc.

SALT LAKE CITY, UTAH -- 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.

"We offer our heartfelt sympathy to those who have lost loved ones, or who have been injured, in the Chima disaster," stated Terry C. Turner, Golden Eagle's President and CEO. "We also express our deepest compassion to those families that have lost their homes and all of their personal possessions in this slide. As a Company, we will do everything in our power to aid in the rescue effort, treat the injured and ease that burden of those affected."

Golden Eagle International, Inc. is a gold exploration and mining company
located in Salt Lake City, Utah, and La Paz, Bolivia. The Company is currently focusing its efforts on developing its mining rights on 74,000 acres in the Tipuani Gold Mining District, an area estimated to have produced 32 million ounces of gold in its known history, located in Western Bolivia; and continuing exploration on 125,000 acres in Eastern Bolivia's Precambrian Shield.

Golden Eagle is a mining company with a social conscience, having supported many humanitarian programs at its mine site. For the past six years, the Company has provided the only hospital, doctor and nurse in Cangalli, Bolivia. Golden Eagle also has provided for the educational needs of the students in the area. 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.

Golden Eagle International Inc.

Golden Eagle International Inc.

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