Silver Eagle Extends Its Calvario Vein Down Dip More Than 400 Metres (1300 Feet)

KODE PPC ANDA

Silver Eagle Mines Inc. ("Silver Eagle" or the "Company") is pleased to announce assays from six holes at its Miguel Auza Mine in Zacatecas, Mexico, including the deepest hole drilled on the Calvario Vein to date. Diamond drill hole number 2007-131 has intersected the Calvario Vein at 410 metres below surface and returned an equivalent grade of 732 g/t (24 oz.) Ag Eq.(1) over a vein true width of 3.0 metres. (See chart below). Hole 2007-131 also intersected the newly identified Milagro Vein (reported in press release dated April 27, 2007 - http://www.silvereaglemines.com/pdf/p_release/2007_04_27.pdf) at a depth of 330 metres below surface, returning 21.6 metres of core averaging 537 g/t Ag Eq(1).


Three surface diamond drills continue to extend the Calvario Vein on strike and to depth, and continue to identify new veins running adjacent to the Calvario Vein. The Milagro Vein, presently interpreted as a breccia pipe measuring at least 250 metres in height and up to 29 metres in width (reported in press releases dated March 8, 2007 - http://www.silvereaglemines.com/pdf/p_release/2007_03_08.pdf and April 27, 2007 - http://www.silvereaglemines.com/pdf/p_release/2007_04_27.pdf), is one such newly discovered vein. Drilling continues in order to further define the veins dimensions and extent.

Additional assays recently received from Hole 2007-116 (reported in press release dated March 30, 2007 - http://www.silvereaglemines.com/pdf/p_release/2007_03_30.pdf) have now extended the intercept width of the Calvario Vein to 9.9 metres estimated true width, with a grade of 218 g/t Ag Eq(1). An important new lateral vein measuring 8.1 metres in core length and grading 294 g/t Ag Eq(1), was also encountered in this same hole.

KODE PPC ANDA