Eagle Hill Announces Flow-Through Financing

Eagle Hill Announces Flow-Through Financing 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/17/12 -- Eagle Hill
Exploration Corporation (TSX VENTURE:EAG)(OTCQX:EHECF)(FRANKFURT:EH0)
("Eagle Hill" or the "Company") is pleased to announce a private
placement (the "Financing") with Laurentian Bank Securities acting as
lead agent (the "Agent"). The total gross proceeds under the
Financing will be up to C$2.0 million of flow-Through shares (the
"Flow-Through Shares") at a price of C$0.185 per Quebec Flow-through
Share (the "QFT Price") and at a price of C$0.17 per National
Flow-Through Share (the "NFT Price"). The Company has also granted
the Agent an over-allotment option to raise additional gross proceeds
of C$1.0 million. 
The Company will pay the Agent a cash fee equal to 7% of the gross
proceeds raised in connection with the Financing. 
The Financing will be subject to TSX Ventures Exchange and regulatory
approval. Proceeds of the Financing will be used for further
exploration and development of the Windfall Lake Property. 
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 grassroots exploration work. Along with its
independently acquired claims at the Windfall Lake Property, Eagle
Hill has also signed options with Murgor Resources Inc., Cliffs
Natural Resources Inc. (formerly, Freewest Resources Canada Inc.),
and Noront Resources Ltd. to acquire the Windfall Lake Property.
During July 2012, the Company received its second mineral resource
estimate, the results of which are displayed in the table below: 


 
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                           Quantity ('000     Grade Gold      Contained Gold
                                  tonnes)          (g/t)            (ounces)
----------------------------------------------------------------------------
Indicated                           1,665          10.05             538,000
----------------------------------------------------------------------------
Inferred                            2,906           8.76             822,000
----------------------------------------------------------------------------

 
Jean-Philippe Desrochers, PhD, PGeo, is a qualified person registered
in Quebec as defined by NI-43-101 and has reviewed the technical
information that this press release contains.  
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 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 
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. 
Contacts:
Eagle Hill Exploration Corporation
Andrew Mugridge / Benjamin Curry
604.764.6847
info@eaglehillexploration.com
www.eaglehillexploration.com 
MI3 Communications Financieres Inc. (Montreal)
Nathalie Dion
514.904.1333
nathalie@mi3.ca
www.mi3.ca
 
 
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