Freewest Resources Canada Inc.
TSX VENTURE : FWR

Freewest Resources Canada Inc.

October 13, 2009 16:27 ET

Freewest Finds New Partner in Eagle Hill to Focus Its Exploration at the Windfall Gold Property in Quebec

MONTREAL, QUEBEC--(Marketwire - Oct. 13, 2009) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) announces that it had signed two agreements with Eagle Hill Resources Inc. (TSX VENTURE:EAG) and Murgor Resources Inc. (TSX VENTURE:MGR) whereby Freewest and Murgor will grant Eagle Hill the exclusive right to earn all of their interest in the Windfall Gold Property in north-western Quebec. The agreements are subject to regulatory approval. Murgor also signed a property management contract with Eagle Hill whereby Murgor will be conducting the exploration work financed by Eagle Hill.

Under the terms of the first agreement, Eagle Hill will be earning a 50% interest in 29 claims from Murgor (25%) and Freewest (25%) by paying $300,000 in cash and delivering 2.5 million common shares of Eagle Hill to Murgor and Freewest no later than October 31, 2009. Eagle Hill will also have to incur an aggregate of $4.0 million in exploration expenditures over the next three years. Murgor and Freewest retain a 2% Net Smelter Return royalty on the property which includes any ore extracted as a bulk sample. The remaining interest of 50% in the property is currently held by Noront Resources and is also under option by Eagle Hill.

Under the terms of the second agreement, Eagle Hill will be earning a 100% interest in 184 claims from Murgor (50%) and Freewest (50%) by paying $100,000 in cash and delivering 1,0 million common shares of Eagle Hill to Murgor and Freewest no later than October 31, 2009. Eagle Hill will also have to incur an aggregate of $1.5 million in exploration expenditures over the next three years. Murgor and Freewest retain a 2% NSR royalty on 105 claims of the property while retaining a first right of purchase on a 1% NSR royalty on the remaining claims.

Freewest is a well-financed mineral exploration company. It is actively exploring for gold, base-metals and chromite within eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.

Neither the 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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