Eagle Hill Exploration Corporation
TSX VENTURE : EAG

Eagle Hill Exploration Corporation

March 12, 2008 09:01 ET

Eagle Hill Prepares for Rapid Expansion

Coal Harbor Communications hired to assist Investor Relations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 12, 2008) - Eagle Hill Exploration Corporation (TSX VENTURE:EAG) ("Eagle Hill" or the "Company"). The recently announced proposed acquisitions of the Matson, Rimshot and Lombardo Uranium properties have been ratified by the Shareholders at the January 21, Annual General Meeting and the TSX Venture Exchange has reviewed and commented on the technical reports for the Lombardo and Rimshot properties on a pre-filing basis. The Company is preparing to meet its rapid expansion so that it can best exploit these significant opportunities while building on the solid asset foundation of its MAC project.

Eagle Hill's directors and management recognize that a more comprehensive investor relations program is required to create awareness of the Company's aggressive expansion plans. For this reason, Eagle Hill is pleased to announce that it has retained Coal Harbor Communications Inc. ("Coal Harbor") to provide investor relations and financial communications services to the Company. Coal Harbor, a Vancouver-based, employee-owned firm, provides communication services to Canadian public companies, primarily in the resource sector. The contract with Coal Harbor is for an initial term of six months and can be terminated within 30 days of notice. Coal Harbor will be paid a monthly fee of $6,000 and Dale Paruk, the principal and 100% owner of Coal Harbor, has been granted 100,000 options exercisable at a price of 25 cents. The options shall vest in increments of 25 per cent in each of the first four quarters and are governed by theterms and conditions of the Company's stock option plan and the policies of the TSX Venture Exchange. The contract with Coal Harbor is subject to approval by the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS

P. Bradley Kitchen, President, Director

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the content of this press release.

Contact Information

  • Eagle Hill Exploration Corporation
    Brad Kitchen
    (604) 637-3114
    or
    Coal Harbor Communications
    1-877-642-6200