SALT LAKE CITY, UTAH -- Golden Eagle International, Inc. (OTCBB symbol: MYNG) 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."

Eagle E-mail Alerts: Over 2,300 interested investors have recently signed up to receive Golden Eagle's E-mail Alerts. To be added to the list, e-mail the Company at eaglealert@earthlink.net.

Golden Eagle International, Inc. is a gold exploration and mining company located in Salt Lake City, Utah, and La Paz and Santa Cruz, Bolivia. The Company is currently focusing its efforts on developing its mining rights on 74,000 acres in the Tipuani Gold Mining District in western Bolivia, an area that has produced 32 million ounces of gold in its known history; and continuing exploration on 127,500 acres in eastern Bolivia's Ascension Gold/Copper Trend. The Company recommends that all shareholders and prospective shareholders should review its disclosures, risk statements, previous press releases, Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K, found at its website: www.geii.com.

Forward-Looking Statements and Disclosure of Risk

The future conduct of Golden Eagle's business and its response to issues raised by third parties are dependent upon a number of factors, and there can be no assurance that Golden Eagle will be able to conduct its operations as contemplated. Certain statements contained in this release using the terms "may", "expects to," "projects", "estimates" "plans", and other terms denoting future possibilities, are forward-looking statements in accordance with the Private Securities Litigation Reform Act of 1995. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks that are beyond Golden Eagle's ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein. These risks include, but are not limited to, the risks described in the above press release and interview; those risks set out in Golden Eagle's disclosure documents and its annual, quarterly and current reports; and the other risks associated with start-up mineral exploration operations with insufficient liquidity, negative working capital, and no historical profitability. Golden Eagle disclaims any obligation to update any forward-looking statement made herein.

Golden Eagle International Inc.

Golden Eagle International Inc.

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