Long Harbour Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 20, 2012) - Long Harbour Exploration Corp. (TSX VENTURE:LHC) reports that the non-brokered private placement announced in its news release of February 27, 2012 has closed, raising gross proceeds of $ 200,000 by the issuance of 1,333,335 units. Finders have been paid $12,000 and issued non-transferable finder's warrants, having the same exercise price and terms as the share purchase warrants issued to the investors, for the purchase of 80,000 common shares.

A hold period applies to all of the securities issued in the private placement, expiring on July 20, 2012.