Eagle Hill Awards Preliminary Feasibility Study as the Major

Eagle Hill Awards Preliminary Feasibility Study as the Major Step in
Satisfying Earn-In Obligations at Windfall Lake 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/17/12 -- Eagle Hill
Exploration Corporation ("Eagle Hill" or the "Company") (TSX
VENTURE:EAG) is very pleased to announce that the Company has awarded
to Stantec Consulting Ltd. ("Stantec") a contract to perform a
Preliminary Feasibility Study ("PFS") on the Windfall Lake Property
("Windfall Lake" or the "Property"). The PFS is scheduled to be
completed by early April, 2013. By producing an independent PFS,
together with a mineral reserve estimate, Eagle Hill will be in a
position to satisfy its obligations under the Windfall Lake Option
Agreement (the "Option Agreement") entered into on July 20, 2009 with
Noront Resources Ltd. (the "Optionor"). Once the obligations are
satisfied, the buy-back provisions contained in the Option Agreement
will be eliminated.  
Under the terms of the Option Agreement to acquire the Windfall Lake
Property, Eagle Hill must give notice of the Company's commitment to
cause the commencement of commercial production on the Property
within one year of earning a 75% interest in the Windfall Lake
Property (the "Notice"). Eagle Hill earned its 75% interest in the
Property on April 20, 2012. In this regard, Eagle Hill has engaged
Stantec to provide a mineral reserve estimate based on the results of
the PFS. The results of the PFS will be available on or before April
20, 2013. Upon receipt of the reserve estimate, Eagle Hill will be in
a position to deliver the Notice to the Optionor pursuant to the
Option Agreement.  
"Our goal is to continue to control our majority ownership in the
Windfall Lake Property," explained Brad Kitchen, President and C.E.O.
of Eagle Hill. "It is critical to note that the PFS and mineral
reserve estimate are being done at this time to satisfy our
obligation under the Option Agreement and to give us a clear path
toward commercial production as a way to generate non-dilutive cash
flow. The Company will continue to both expand the high grade gold
deposit at the Windfall Lake Property and define additional mineral
resources that can be used to increase the initial reserve
calculation." 
Upon Eagle Hill delivering the Notice, the Optionor will then ha
ve
180 days to notify Eagle Hill if it wishes either to continue as a
25% joint venture partner (currently it is a carried partner), or to
transfer 100% of the Property to Eagle Hill in exchange for a 2% NSR. 
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: 


 
--------------------------------------------------------------------------
                          Quantity          Grade Gold      Contained Gold
                      ('000 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 
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 contract
ed 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 the Company has 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. 
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