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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Re: Sedar Early Warning Report - Spider

He's also buying Goldeye.......

EARLY WARNING REPORT AND PRESS RELEASE FILED PURSUANT TO

NATIONAL INSTRUMENT 62-103

1.

Name and address of the offeror:

Joe Dwek Management Consultants Inc. (“JDM”)

1110 Finch Avenue West, Suite 210

Toronto, ON M5A 2K7

2.

Name of reporting issuer with respect to which this report is filed:

Goldeye Explorations Limited (“

Goldeye

”)

3.

Designation and number or principal amount of securities and the offeror’s securityholding

percentage in the class of securities of which the offeror acquired ownership or

control in the transaction or occurrence giving rise to the obligation to file the news release

and whether it was ownership or control that was acquired in those circumstances:

JDM has indirect control and direction over 16,388,231 common shares of Goldeye (the

“Shares”), 1,642,156 options to purchase units (the “Units”) comprised of one share and one halfwarrant,

and 10,677,447 warrants to purchase Shares (the “Warrants”) representing

approximately 21.41 % of the outstanding Shares on a fully diluted basis.

4.

Designation and number or principal amount of securities and the offeror’s securityholding

percentage in the class of securities immediately after the transaction or occurrence giving

rise to obligation to file the news release.

As set out in paragraph 3 above.

5.

Designation and number or principal amount of securities and the percentage of

outstanding securities of the class of securities referred to in paragraph (4) over which:

(a) the offeror, either alone or together with any joint actors, has ownership and control

As set out in paragraph 3 above.

(b) the offeror, either alone or together with any joint actors, has ownership but control

is held by other persons or companies other than the offeror or any joint actor, and

Not applicable.

(c) the offeror, either alone or together with any joint actors, has exclusive or shared

control but does not have ownership

The offeror has exclusive control of the Goldeye securities set out in paragraph three but

it does not have ownership of the same.

- 2 -

354790.1

6.

Name of the market in which the transaction or occurrence that gave rise to the news

release took place.

4,705,880 shares were acquired in private placement at a price of $0.085 on December 31

st

, 2009.

The reporting issuer’s shares trade on the TSX-V under the call symbol GGY.

7.

Purpose of the offeror and any joint actors in effecting the transaction or occurrence that

gave rise to the news release, including any future intention to acquire ownership of, or

control over, additional securities of the reporting issuer.

JDM intends to hold the securities for investment purposes. JDM may, depending on market and

other conditions, increase its beneficial ownership, control or direction over the common shares

or other securities of Goldeye, through market transactions, private agreements, treasury

issuances, exercise of convertible securities or otherwise.

8.

General nature and the material terms of any agreement, other than lending arrangements,

with respect to securities of the reporting issuer entered into by the offeror, or any joint

actor, and the issuer of the securities or any other entity in connection with the transaction

or occurrence giving rise to the news release, including agreements with respect to the

acquisition, holding, disposition or voting of any of the securities.

Not applicable.

9.

Names of any joint actors in connection with the disclosure required by this report.

Not applicable.

10.

In the case of a transaction or occurrence that did not take place on a stock exchange or

other market that represents a published market for the securities, including an issuance

from treasury, the nature and value of the consideration paid by the offeror.

Not applicable.

11.

If applicable, a description of any change in any material fact set out in a previous report by

entity under the early warning requirements or Part 4 of National Instrument 62-103 in

respect of the reporting issuer’s securities.

Not applicable.

DATED this 31

st

day of December, 2009.

Joe Dwek

President: Joe Dwek Management Consultants Inc.

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