Eagle Hill Exploration Corporation

Eagle Hill Exploration Corporation

July 08, 2010 08:00 ET

Eagle Hill Garners Support From Quebec Institutional Funds: SIDEX and SDBJ

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2010) - Eagle Hill Exploration Corporation (TSX VENTURE:EAG) ("Eagle Hill" or the "Company") is pleased to announce that SIDEX Limited Partnership ("SIDEX") and La Société de Développement de la Baie-James ("SDBJ"), two Quebec institutional funds, have committed to invest up to $430,000 for the Company (the "Offering").

The Offering will consist of the placement of up to 2,150,000 units (the "Units"). Each Unit will consist of one common share, at a purchase price of $0.20, and one full warrant, exercisable for a price of $0.30 for a period of one year after the closing of the Offering.

Proceeds of the offering will be used for further exploration and development of the Windfall Lake property.

The Offering is subject to certain conditions, including but not limited to the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

About SIDEX Limited Partnership

SIDEX was established by the Government of Quebec and the Solidarity Fund QFL. The mission of SIDEX is to invest in companies engaged in mineral exploration in Quebec in order to diversify Quebec's mineral base, encourage new exploration models, stimulate investment for new commodities in existing districts and open new territories with high potential for discovery.

About Société de Développement de la Baie-James

The SDBJ is a Québec crown corporation recognized for developing the economic potential of the James Bay territory in compliance with the principles of sustainable development. In the mining sector, the SDBJ is contributing to the renewal of mineral resources and the sustainability of the mining industry by working to increase total investment in mineral exploration in the territory.

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. Historically, the Windfall Lake Property has had extensive historic grassroots exploration work. Eagle Hill has signed options with Murgor Resources Inc., 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.


P. Bradley Kitchen, President

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.

Contact Information