Long Harbour Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2011) - Long Harbour Exploration Corp. (TSX VENTURE:LHC) reports that the non-brokered private placement announced in its news releases of March 8^th and June 11^th, 2011 has closed raising gross proceeds of approximately $361,500 by the issuance of 1,807,500 units. In connection with the offering, the company paid cash finder's fees totaling $12,230 and issued finder's warrants for the purchase of a total of 61,600 common shares of the company with the finder's warrants, which are non-transferable, otherwise having the same attributes as the share purchase warrants issued to investors as part of their units.

A hold period applies to all of the securities issued in the private placement, expiring on November 11, 2011.