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<A NAME=A001></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>UNITED STATES<BR>SECURITIES AND EXCHANGE
COMMISSION <BR><U>Washington, D.C. 20549 </U></B></FONT></P>

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<A NAME=A003></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>FORM 8-K</B> </FONT></P>

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<A NAME=A004></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>CURRENT REPORT

<BR>Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</B> </FONT></P>

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<A NAME=A005></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> <B>January 3, 2006<BR>Date of Report: (Date of earliest reported event)</B></FONT></P>

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<A NAME=A006></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>Golden Eagle
International, Inc.</B>  </FONT></P>

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<P ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact Name of Registrant as
Specified in its Charter) </FONT></P>


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<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=38% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;<U><B>Colorado</B></U></FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U><B>0-23726</B></U></FONT></TD>
     <TD WIDTH=32% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U><B>84-1116515</B></U></FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(State or Other</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Commission</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(I.R.S. Employer</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Jurisdiction of</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>File Number)</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Identification</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;Incorporation)</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>No.)</FONT></TD></TR>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U><B>9661 South 700 East, Salt Lake City, Utah 84070</B> </U><BR>(Address of Principal
Executive Offices) (Zip Code) </FONT></P>

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<A NAME=A010></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U><B>(801) 619-9320</B> </U><BR>(Registrant&#146;s
Telephone Number, Including Area Code) </FONT></P>

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<A NAME=A012></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U><B>Not applicable</B></U>  <BR>(Former Name or Former
Address, If Changed Since Last Report.) </FONT></P>
<BR><BR><BR>
<HR>
<BR>
<BR><BR>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Item 1.01 Entry into a
Material Definitive Agreement</I> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Joint-Venture Agreement with
Carlos Adriazola and Sabrina Jordan, husband and wife, for the Exploration and Development of the
Rio Mojos Gold Mining Project.</I> </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On January 3, 2006, Golden Eagle
International, Inc. a Colorado corporation (hereinafter referred to as &#147;we&#148;,
&#147;us&#148; or &#147;our&#148;), through its wholly-owned subsidiary, Golden Eagle
International, Inc. (Bolivia) (hereinafter referred to as &#147;GEII Bolivia&#148;)
entered into a Joint-Venture Agreement (the &#147;Agreement&#148;) with Carlos Adriazola
and Sabrina Jordan, husband and wife, (hereinafter referred to as &#147;the Adriazolas&#148;),
Bolivian nationals, for the exploration and development of the Rio Mojos gold mining
project in Bolivia. The Rio Mojos project is located 250 miles north of La Paz, Bolivia,
and covers 7,163 acres that extend along a 25-mile section of the Mojos River. The general
terms of the Agreement include the following: </FONT></P>

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               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>a. </FONT></TD>
               <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               The Agreement forms a joint-venture for 20 years (renewable for another 20 years
               at the discretion of GEII Bolivia) between GEII Bolivia and the Adriazolas,
               which will have its own identity and tax number, for the exploration and
               development of four mining concessions owned by the Adriazolas that extend for
               approximately 25 kilometers along the Mojos River in the Department (State) of
               La Paz. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>b. </FONT></TD>
               <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               GEII Bolivia will own 94% of the joint-venture and the Adriazolas 6%. The
               Adriazolas participation in the production of the joint-venture will be through
               a net smelter return (&#147;NSR&#148;) of 6%. The NSR is established based on
               the following definition: &#147;The invoiced price on the day of the sale of the
               products (minerals), less the cost of refining, commercialization, transport,
               port expenses, shipping, insurance, royalties, taxes and penalties when
               applicable.&#148; </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>c. </FONT></TD>
               <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               GEII Bolivia will have one year from April 2006 (until April 2007) in which to
               invest $500,000 in the exploration of the subject mining concessions and the
               production of a feasibility study. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>d. </FONT></TD>
               <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Within 15 days of the expiration of the year of exploration and feasibility
               work, or the presentation of the feasibility study to the Adriazolas, GEII
               Bolivia must inform the Adriazolas if, based on its feasibility study, it
               intends to continue to the next phase, which would be production, and on what
               schedule in accordance with the recommendations resulting from the feasibility
               study. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>e. </FONT></TD>
               <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               The parties will have 30 days from the Notice of Intent to Enter into Production
               in which to elaborate an acceptable Mining Plan based on the feasibility study. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>f. </FONT></TD>
               <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               The Adriazolas only contribution to the joint-venture is the right for the
               joint-venture to explore and develop the subject mining concessions. GEII
               Bolivia will be responsible for all other investments and capital contributions. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>g. </FONT></TD>
               <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Distributions to the Adriazolas of the NSR will be made on a quarterly basis
               within 30 days of the end of each quarter. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>h. </FONT></TD>
               <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               GEII Bolivia will be responsible for the administration and operation of the
               joint-venture with the exception of the composition of the board of directors of
               the joint venture. The Adriazolas will be entitled to name one director out of
               three to the joint-venture board of directors. The board&#146;s decisions will
               be taken by a majority vote. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>i. </FONT></TD>
               <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               The Adriazolas will be entitled to have a representative present on-site who may
               circulate freely within the exploration workings or the mine and recovery plant,
               and who will be entitled to be notified of, and present for, all clean-ups when
               the recovered minerals, principally gold, are removed from the recovery
               equipment. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>j. </FONT></TD>
               <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               GEII Bolivia is required to pay all annual mining concession patents (claims
               fees) during the term of the Agreement beginning with the patents for 2006,
               which are due in January of 2007, and to ensure that all environmental laws and
               permitting requirements are met. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>k. </FONT></TD>
               <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               The joint-venture will be audited on an annual basis. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>l. </FONT></TD>
               <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               All disputes will be settled in arbitration before a panel of three arbitrators
               chosen from a list provided by the Bolivian National Chamber of Commerce. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>m. </FONT></TD>
               <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               The Agreement will be subject to, and suspended by, force majeure, impossibility
               and third-party interference. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Item 8.01 Other Events.</I> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On January 3, 2006 we issued a press
release regarding the Joint-Venture Agreement for the exploration and development of the
Rio Mojos gold project. A copy of the press release is attached hereto as Exhibit 99.1 and
is incorporated herein by reference. &nbsp; </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Statements and Exhibits </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Item 9.01 Financial
Statements and Exhibits</I> </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>99.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<A HREF="ge_pr-jan0306.htm">Press release dated
January 3, 2006</A>. </FONT></P>

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<A NAME=A007></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized, on the
3<SUP>rd</SUP> day of January, 2006. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT></P>


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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Golden Eagle International, Inc.</B><BR><BR>
<BR>By: /s/ Terry C. Turner<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Terry C. Turner<BR>President and Chief Executive Officer</FONT>

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{"company-data": {"conformed-name": "GOLDEN EAGLE INTERNATIONAL INC", "cik": "0000869531", "assigned-sic": "1000", "irs-number": "841116515", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-23726", "film-number": "06500147"}, "business-address": {"street1": "12401 SOUTH 450 EAST", "street2": "BLDG D1", "city": "SALT LAKE CITY", "state": "UT", "zip": "84020", "phone": "8016199320"}, "mail-address": {"street1": "12401 SOUTH 450 EAST", "street2": "BLDG D1", "city": "SALT LAKE CITY", "state": "UT", "zip": "84020"}, "former-company": {"former-conformed-name": "BENEFICIAL CAPITAL FINANCIAL SERVICES CORP", "date-changed": "19940329"}}
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
January 3, 2006
Date of Report: (Date of earliest reported event)
Golden Eagle
International, Inc.
(Exact Name of Registrant as
Specified in its Charter)
Colorado
0-23726
84-1116515
(State or Other
(Commission
(I.R.S. Employer
Jurisdiction of
File Number)
Identification
Incorporation)
No.)
9661 South 700 East, Salt Lake City, Utah 84070
(Address of Principal
Executive Offices) (Zip Code)
(801) 619-9320
(Registrant's
Telephone Number, Including Area Code)
Not applicable
(Former Name or Former
Address, If Changed Since Last Report.)
Item 1.01 Entry into a
Material Definitive Agreement
Joint-Venture Agreement with
Carlos Adriazola and Sabrina Jordan, husband and wife, for the Exploration and Development of the
Rio Mojos Gold Mining Project.
On January 3, 2006, Golden Eagle
International, Inc. a Colorado corporation (hereinafter referred to as "we",
"us" or "our"), through its wholly-owned subsidiary, Golden Eagle
International, Inc. (Bolivia) (hereinafter referred to as "GEII Bolivia")
entered into a Joint-Venture Agreement (the "Agreement") with Carlos Adriazola
and Sabrina Jordan, husband and wife, (hereinafter referred to as "the Adriazolas"),
Bolivian nationals, for the exploration and development of the Rio Mojos gold mining
project in Bolivia. The Rio Mojos project is located 250 miles north of La Paz, Bolivia,
and covers 7,163 acres that extend along a 25-mile section of the Mojos River. The general
terms of the Agreement include the following:
a.
The Agreement forms a joint-venture for 20 years (renewable for another 20 years
               at the discretion of GEII Bolivia) between GEII Bolivia and the Adriazolas,
               which will have its own identity and tax number, for the exploration and
               development of four mining concessions owned by the Adriazolas that extend for
               approximately 25 kilometers along the Mojos River in the Department (State) of
               La Paz.
b.
GEII Bolivia will own 94% of the joint-venture and the Adriazolas 6%. The
               Adriazolas participation in the production of the joint-venture will be through
               a net smelter return ("NSR") of 6%. The NSR is established based on
               the following definition: "The invoiced price on the day of the sale of the
               products (minerals), less the cost of refining, commercialization, transport,
               port expenses, shipping, insurance, royalties, taxes and penalties when
               applicable."
c.
GEII Bolivia will have one year from April 2006 (until April 2007) in which to
               invest $500,000 in the exploration of the subject mining concessions and the
               production of a feasibility study.
d.
Within 15 days of the expiration of the year of exploration and feasibility
               work, or the presentation of the feasibility study to the Adriazolas, GEII
               Bolivia must inform the Adriazolas if, based on its feasibility study, it
               intends to continue to the next phase, which would be production, and on what
               schedule in accordance with the recommendations resulting from the feasibility
               study.
e.
The parties will have 30 days from the Notice of Intent to Enter into Production
               in which to elaborate an acceptable Mining Plan based on the feasibility study.
f.
The Adriazolas only contribution to the joint-venture is the right for the
               joint-venture to explore and develop the subject mining concessions. GEII
               Bolivia will be responsible for all other investments and capital contributions.
g.
Distributions to the Adriazolas of the NSR will be made on a quarterly basis
               within 30 days of the end of each quarter.
h.
GEII Bolivia will be responsible for the administration and operation of the
               joint-venture with the exception of the composition of the board of directors of
               the joint venture. The Adriazolas will be entitled to name one director out of
               three to the joint-venture board of directors. The board's decisions will
               be taken by a majority vote.
i.
The Adriazolas will be entitled to have a representative present on-site who may
               circulate freely within the exploration workings or the mine and recovery plant,
               and who will be entitled to be notified of, and present for, all clean-ups when
               the recovered minerals, principally gold, are removed from the recovery
               equipment.
j.
GEII Bolivia is required to pay all annual mining concession patents (claims
               fees) during the term of the Agreement beginning with the patents for 2006,
               which are due in January of 2007, and to ensure that all environmental laws and
               permitting requirements are met.
k.
The joint-venture will be audited on an annual basis.
l.
All disputes will be settled in arbitration before a panel of three arbitrators
               chosen from a list provided by the Bolivian National Chamber of Commerce.
m.
The Agreement will be subject to, and suspended by, force majeure, impossibility
               and third-party interference.
Item 8.01 Other Events.
On January 3, 2006 we issued a press
release regarding the Joint-Venture Agreement for the exploration and development of the
Rio Mojos gold project. A copy of the press release is attached hereto as Exhibit 99.1 and
is incorporated herein by reference.
Statements and Exhibits
Item 9.01 Financial
Statements and Exhibits
99.1
Press release dated
January 3, 2006
.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized, on the
3
rd
day of January, 2006.
Golden Eagle International, Inc.
By: /s/ Terry C. Turner
——————————————
Terry C. Turner
President and Chief Executive Officer