Eagle Hill Increases Size of Announced Private Placement

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Thu Aug 27, 2009 2:43pm EDT

  VANCOUVER, BRITISH COLUMBIA, Aug 27 (MARKET WIRE) -- 
Eagle Hill Exploration Corp. ("Eagle Hill" or the "Company") (TSX
VENTURE: EAG) is very pleased to announce it has increased the size of
its offering (the "Offering"), first reported on August 12 2009, from a
maximum of 25,000,000 units ("Units") to 26,750,000 Units, for total
gross proceeds of up to $3,175,000. As previously announced, each Flow
Through Unit will be comprised of one common share of the Company (a
"Share") and one half warrant and each Common Share Unit will be
comprised of one common share and one full warrant. Each Warrant will
entitle the holder to purchase one Share at a price of $0.20 per Share
for a period of 12 months from the date the warrant is issued.

    Certain persons may assist the Company by introducing potential
subscribers for the Offering and, subject to compliance with applicable
legislation, will be entitled to receive a finder's fee, payable in cash
and share purchase warrants, as permitted by law.

    The net proceeds of the Offering will be used for the Company's
acquisition of the Windfall Lake Property and general working capital.

    The Offering is subject to receipt of all necessary approvals, including
the approval of the TSX Venture Exchange.

    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

    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 both companies have 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 (Vancouver)
Brad Kitchen
604.638.8072
604.688.9620 (FAX)
info@eaglehillexploration.com
www.eaglehillexploration.com

Investor Cubed Inc. (Toronto)
Neil Simon
647.258.3310 or Toll Free: 1.888.258.3323
nsimon@investor3.ca
www.investor3.ca

Copyright 2009, Market Wire, All rights reserved.

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