Eagle Hill Exploration Corporation
TSX VENTURE : EAG

Eagle Hill Exploration Corporation

January 17, 2011 08:30 ET

Eagle Hill Exploration Corporation: New Drill Results and New Gold Zone at the Windfall Lake Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 17, 2011) - Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") (TSX VENTURE:EAG) is pleased to announce that it has received assay results from an additional three drill holes confirming the continuity of gold mineralization in the Caribou zone at the Company's Windfall Lake Property (the "Property"). In addition, a new gold zone, named the Mink Zone, has been identified at the Property. The Company has now resumed its winter drilling program and is planning to drill an additional 8,000 meters to increase the size of the known gold zones and to discover new gold mineralization by testing the recently identified, but never drilled geophysical anomalies.

The new assay results confirm the continuity of gold mineralization in the Caribou Zone at shallow depth. The results of the 3 holes include 2.81 g/t Au over 14.0 meters in hole EAG-10-244 and 1.6 g/t Au over 13.0 meters in hole EAG-10-246. A new geological interpretation indicates a higher grade gold shoot plunging moderately to the east-northeast with results including 53.64 g/t Au over 4.55 m and 28.8 g/t Au over 3.35 m in previous drilling.

The results of drill hole EAG-10-245 containing an intercept 3.27 g/t Au over 8.15 m, confirm the presence of a gold zone, located some 50 meters to the SE of Zone 27. The Mink Zone also incorporates past drill holes such as FUR-03-05 (9.87 g/t Au over 7.13 m) and NOT-06-84 (11.74 g/t Au over 3.75 m).

"Continuity of gold mineralization in the Caribou Zone is very positive for this near surface gold zone," explained Dr. Jean-Philippe Desrochers, Chief Geologist of Eagle Hill. "We have now identified a moderate plunge to the east-northeast for higher grade gold mineralization in the Caribou Zone, which remains undrilled. The remainder of our drilling program will test the extensions of the Caribou Zone, better define the new Mink Zone, and delineate the extensions of Zone 27." 

The following table shows the most material assay results from the three drill holes. A complete table of results, and a photo of the style of mineralization, will be shown in the near future on Eagle Hill's website at www.eaglehillexploration.com.

Hole Number From
(m)
To
(m)
Length
(m)
Au
(g/t)
Location
EAG-10-244 82.00 96.00 14.00 2.81 Caribou Zone
    Including 82.00 82.60 0.60 11.90  
    Including 87.00 88.00 1.00 9.88  
EAG-10-245 139.00 141.00 2.00 3.28 Caribou Zone
EAG-10-245 286.00 294.15 8.15 3.27 Mink Zone – New
EAG-10-245 385.45 408.00 22.55 1.12 Zone 27
EAG-10-246 99.00 100.00 1.00 6.18 In fault above Caribou Zone
EAG-10-246 121.00 122.00 1.00 5.18 Just above Caribou Zone
EAG-10-246 136.00 149.00 13.00 1.60 Caribou Zone

Gold analyses reported in this release were performed by standard fire assay using a 30 gram charge with atomic absorption finish and a gravimetric finish for assays greater than 10 grams per tonne. Assays returning results over 1 ounce per ton of gold by atomic absorption are re-assayed using the metallic sieve method. All assays were performed by ALS Chemex Laboratory Group, in Val d'Or, Quebec. Sampling and analytical procedures are subject to a comprehensive quality assurance and quality control program. The QA-QC program, includes duplicate samples, blanks and analytical standards.

Jean-Philippe Desrochers, Ph.D., P.Geo. is a Qualified Person registered in Quebec as defined by NI-43-101 and has reviewed the technical information that this press release contains.

The Company also announces the resignation of John Harvey from the Board of Directors. Eagle Hill will continue to benefit from Mr. Harvey's extensive knowledge and experience with the Windfall Lake Property as he will continue as an advisor.

About the Windfall Lake Property

The Windfall Lake Property is comprised of 362 contiguous claims (over 12,000 hectares) in the Abitibi mineralized belt of northern Quebec. This area between Val d'Or and Chibougamau is known for its gold and copper production and excellent infrastructure for exploration and mining. Along with its independently acquired claims, Eagle Hill has signed options with Murgor Resources Inc., Cliffs Natural Resources Inc. (formerly, Freewest Resources Canada Inc.), and Noront Resources Inc. to acquire the Windfall Lake Property.

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. Eagle Hill seeks projects that contain or have potential to have large resource potential. The Company's website at www.eaglehillexploration.com and public filings at www.sedar.com provide additional information on its properties and other information with respect to its management and operations.

ON BEHALF OF THE BOARD,

P. Bradley Kitchen, President

FORWARD LOOKING STATEMENTS

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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