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Golden Eagle Takes Lead in Meeting Health and Educational Needs At Its Gold Mine in Cangalli, Bolivia

Golden Eagle Takes Lead in Meeting Health and Educational Needs At Its Gold Mine in Cangalli, Bolivia

Published 04-12-02

Submitted by Golden Eagle International Inc.

SALT LAKE CITY, Utah - Golden Eagle International Inc. (OTCBB:MYNG) has taken the lead in Cangalli, Bolivia in meeting the health and educational needs of this historically poor but mineral rich area.

On Saturday, April 6, 2002, the company announced to the leaders of this community, that, in addition to its company-provided full-time physician, it installed at the Golden Eagle Hospital a full-time obstetric nurse and mid-wife. The hospital's principal functions involve pre-natal care, delivery and post-delivery care.

According to Terry C. Turner, president, "Bolivia's last census in 2001 had Cangalli and its outlying areas with 1,600 residents, of which 80% were listed as women and children. This fact underscores Golden Eagle's current commitment and ongoing focus on women's health issues in the region, along with a continuing emphasis on children's vaccinations."

Dr. Carlos Rodriguez, Golden Eagle's on-site physician, noted, "We have administered hundreds of vaccinations in the past and expect that number to increase as our community grows."

Moving to Meet Educational Needs

In other areas of development, Golden Eagle's Mine Superintendent had noticed that many of the children in Cangalli were attending school empty-handed due to the severe economic recession that has hit Bolivia in general, impacting the Cangalli area especially hard. In response, Golden Eagle offered to provide Cangalli's 134 students, ranging from kindergarten through seventh grade, with school supplies for the 2002 school year.

In a ceremony on April 7, 2002 at the Cangalli School, 134 students, their parents, and school administrators, received a full set of school supplies for each student, as well as sports equipment for the entire year.

Golden Eagle's administrative vice president in Bolivia, Max Delozier, who started his 35-year relationship with Bolivia as a member of the Peace Corp., commented, "Golden Eagle is a gold mining company and that is where we have to provide value to our shareholders. However, these small investments into the community build our relationship with the people of the area, our workers and their families."

Turner concluded with, "More importantly, one of our fundamental corporate messages begins to sink in: that we believe that a mining company can leave as much in social benefits as it takes out in mineral wealth."

Golden Eagle International Inc. is a gold exploration and mining company located in Salt Lake City. 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, and continuing exploration on 125,000 acres in Eastern Bolivia's Precambrian Shield.

For more information about the company, call Sabrina Martinez in Investor Relations at 801/619-9320. Media inquires should be directed to Jack McNamara at 801/619-9320.

Golden Eagle can also be found at its Web site: www.geii.com, where management recommends that all shareholders and prospective shareholders 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.

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.

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; 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 International Inc.

Golden Eagle International Inc.

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