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Eagle Hill Exploration Corporation: Eagle Hill Takes Steps to Ensure Focus on Windfall Lake Property

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  Published in House and Home on Tuesday, August 18th 2009 at 5:22 GMT, Last Modified on 2009-08-18 05:22:32 by Market Wire
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2009) - Eagle Hill Exploration Corp. ("Eagle Hill" or the "Company") (TSX VENTURE:EAG) announces that it has entered into a mutual release agreement (the "Agreement") with War Eagle Mining Company Inc.("War Eagle") through which the MAC Property Option Agreement of December 10, 2007 has been terminated. Under the terms of the Agreement Eagle Hill will maintain a 3.5% interest in the MAC Property.

Eagle Hill's Qualifying Property, as defined by TSX Venture Exchange Policy, was the MAC Property. The Company will transfer this designation to the Windfall Lake Property upon approval from the TSX Venture Exchange for the acquisition.

Also, in following with the Company's focus on the Windfall Lake Property, Eagle Hill will not purse negotiations for the joint venture agreement with Yankee Hat Minerals Ltd. for a property known as the Fran Property in British Columbia. A letter of intent for his joint venture was previously announced on April 15, 2009.

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 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 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.