Eagle Hill Issues Correction

Eagle Hill Issues Correction 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/21/12 -- Eagle Hill
Exploration Corporation (TSX VENTURE:EAG)(OTCQX:EHECF)(FRANKFURT:EH0)
("Eagle Hill") acknowledges that it was contacted by Noront Resources
Ltd. (the "Optionor") regarding comments made by Eagle Hill in its
press release dated December 17, 2012. Upon reviewing Noront's
correspondence, Eagle Hill has identified an inaccuracy in the last
paragraph of its press release, which described a right of the
Optionor to convert a 25% Joint Venture interest into a 2% net
smelter royalty ("NSR"). In fact, the delivery of a Notice (as
described in the December 17, 2012 press release) does not give the
Optionor the right to convert its interest to a 2% NSR. In the
interest of full disclosure, Eagle Hill will post the Option
Agreement on its SEDAR profile. 
Eagle Hill continues to work with its consultant, Stantec Consulting
Ltd., to complete a Preliminary Feasibility Study on the Windfall
Lake Property, which is scheduled to be completed by early April
2013, in accordance with the terms of the Option Agreement. 
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          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 contracted 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
 
 
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