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VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 19, 2009) - Eagle Hill Exploration Corporation (TSX VENTURE:EAG) ("Eagle Hill" or the "Company") is pleased to announce that it has entered into an agreement with Investor Cubed Inc.("Investor Cubed") for investor relations services (the "Agreement").
"Eagle Hill is very excited to have Investor Cubed on board to provide investor relations services to our current and prospective shareholders. With their breadth of knowledge, their prominence within the venture capital community in Toronto and exposure to investment advisors across Canada, they will become a vital asset for Eagle Hill and its shareholders," stated P. Bradley Kitchen, President of Eagle Hill.
By way of this Agreement, Eagle Hill will pay Investor Cubed a fee of $5,000 per month and will issue Investor Cubed 300,000 incentive stock options (the "Options"). The Options are exercisable for a period of 12 months and in accordance with the TSX Venture exchange policies, 25% of the Options will vest each quarter, with the following exercise prices:
(i) 75,000 Options exercisable at a price of $0.10;
(ii) 75,000 Options exercisable at a price of $0.22;
(iii) 75,000 Options exercisable at a price of $0.28; and
(iv) 75,000 Options exercisable at a price of $0.35.
The Agreement has an initial term of twelve (12) months and is subject to regulatory approval.
About Investor Cubed Inc.
Investor Cubed provides two complementary business services; specialized investor relations services for small capitalization Canadian companies and capital markets services for asset managers.
Investor Cubed identifies Canadian companies with exceptional growth potential and guides them to the prominence that they deserve with retail and institutional investors alike. By being where venture capital meets capital markets, Investor Cubed fills a vitally important market niche. Thus, Investor Cubed provides unique investor relations' services and strategic guidance on capital markets' issues to a select group of Canadian small capitalization companies. In addition Investor Cubed advises investment firms on the development of structured products, mutual funds and alternative offerings and provides distribution services to deliver these products to the Canadian investment community.
Option Grants
Eagle Hill has also granted 775,000 options priced at $0.10 per share including 375,000 options (the Option Grant") to directors and officers (specifically 125,000 to P. Bradley Kitchen, President and Director, 125,000 to Cale Thomas, CFO and Director, 75,000 to Amandeep Rai, Corporate Secretary and 50,000 to Jason Scharfe, Director).
All transactions described in this Press Release including, the Agreement and the Option Grant are subject to regulatory approval.
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. In North America, the Company is set to become an advanced stage gold and precious metal exploration company with its acquisition of the Fran Property, located in the Mount Milligan area of northern British Columbia. Eagle Hill seeks projects that contain or have potential to contain high grades and large tonnage 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.