Eagle Hill Exploration Corporation

Eagle Hill Exploration Corporation

November 05, 2009 08:30 ET

Eagle Hill Announces Planned Work Program for Windfall Lake Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2009) - Eagle Hill Exploration Corp. (TSX VENTURE:EAG) ("Eagle Hill" or the "Company"), is pleased to announce its two-phase work program for the Windfall Lake Property located in Urban Township, Quebec, between Val D'or and Chibougamau.

On October 15, 2009, Eagle Hill completed the third tranche of its previously announced $3.175 million Offering. The net proceeds from this Offering have been placed in trust and will be used substantially to finance the exploration and development of the Company's Windfall Lake Property.

"With the completion of Eagle Hill's Phase I and II exploration program, we intend to have a comprehensive model for the entire 340 claims (almost 11,000 hectares) encompassing the entire Windfall Lake Property. This is a program that compiles data created with over C$20 million of very thorough exploration work already completed by Noront Resources Ltd., Freewest Resources Canada Inc. and Murgor Resources Inc. Eagle Hill is compiling, analyzing, modeling and completing data collection and sampling with the intention to define a resource and identify new potential targets."

- Andre Tessier, Director and Head of Exploration.

Phase I: Data Compilation and Project Sampling

The first phase of the planned work program is scheduled to be completed mid-January 2010 with estimated expenditures of $250,000. This work is designed to generate a model incorporating the Windfall Lake Property's 340 contiguous claims and to identify drill targets for further exploration and definition of historical data.

The Scope of Phase I is primarily Program Preparation, which includes:

- establishing and refurbishing a drill grid;

- surveying existing drill holes and trenches;

- reprocessing magnetic data;

- re-logging and assaying untested core samples;

- checking assays on previous samples;

- possibly assaying of up to 8,700 meters of previously drilled core samples; and,

- compiling all data into a 3D Gemcom model to identify drill targets for Phase II.

Phase II: Exploration, Drilling and Geophysics

Phase II of the planned work program is scheduled to begin in January 2010 and is currently budgeted at $2,500,000. The Company's objectives in this phase are focused on collecting data to complete the Windfall Lake Property model, identifying other possible areas for future definition and outlining potential mineral resources within existing known mineralized zones.

Scope of Phase II includes:

- 12,000 metre Diamond Drilling program;

-- Up to 5,000 metres of drilling will be used to explore identified potential hot spots where geological structure and geophysics converge; and,

-- Up to 7,000 metres of drilling to define existing exploration.

- geophysics including Induced Polarization, Magnetometer and Electro-Magnetic Surveys; and,

- completion of the Windfall Lake Property model incorporating new data.

About Eagle Hill Exploration Corporation

Eagle Hill Exploration Corporation is a Canadian mineral exploration company focused on the exploration and development of gold and precious metal prospects. The Company is set to become an advanced stage gold and precious metal exploration company with its acquisition of the Windfall Lake high grade gold project, located in Urban Township, Quebec, between Val D'or and Chibougamau. The Company's website at www.eaglehillexploration.com and public filings at www.sedar.com provide additional information on its projects and other information with respect to its management and operations.


P. Bradley Kitchen, President


This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.

Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of gold; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's publicly filed documents. Although both companies have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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