Located halfway between Val d'Or and Chibougamau in the Quebec province of Canada, Eagle Hill Exploration Corporation has begun drilling on the Windfall Lake Property.

Brad Kitchen, President and CEO of Eagle

Working in a mine-friendly environment has helped Eagle Hill Exploration Corporation to move forward on their Windfall Lake Property.  “Quite a lot has happened since last October.  We started a drill program at Windfall Lake and have just finished a total of 16,000 metres.  ” said Brad Kitchen, President and CEO of Eagle Hill Exploration Corporation.  With an aggressive drilling program, Eagle Hill will be releasing information regularly.  “We'll have results coming out almost every three weeks until the end of August,” said Kitchen.

Formal Analysis on the Horizon

Recently, one of the biggest announcements out of Eagle Hill is that the company is now prepared to do a NI 43-101 resource analysis calculation on Windfall Lake.  “We have hired SRK Consulting to be our independent geologist to verify our internal resource calculations.  The important factor for that is that there has been a lot of work done on the property, but it wasn't until recently that we have been  comfortable that we have solved the puzzle of knowing how the gold is situated within the property,” said Kitchen, “I think it speaks volumes that we've got one of the most reputable firms in the world to do our analysis and that we're prepared to say, 'Look, we believe we have a significant number of ounces of gold in the ground.'”  Eagle Hill will verify the mineralization estimates in the next couple of months.

Working through a resource analysis is critical for the future of Eagle Hill.  “It's very important right now because on paper we don't have a resource,” Kitchen said, “The company is trading well.  We're still one of the most liquid stocks on the venture exchange, but I don't believe the share price is reflective of the asset value.  Currently, junior companies and junior exploration companies are getting $75 to $100 per ounce of gold in the ground.  If we had a million ounces, that would say our market cap should be $100 million, but right now our market cap is only $20-$25 million.  There is some potential upside in the near future for our share price.”  Though their market cap may not reflect the value of the company, recently Eagle Hill has been able to close a $4 million financing deal that was placed with nine institutions in  London.  “This is significant because in the past most of our investor base was retail. This recent financing was one hundred percent institutions. These are institutions that are buying the company with a longer-term view.  They see that we may have our million ounces, but they also understand where we can go three, four, five times that just on our property alone.  It will be a very interesting six months,” said Kitchen.

Eagle Hill's Company Focus

Kitchen said that there are specific areas that the company is focused on, “It's a Quebec-based gold company, so there are really four angles that we focus on from the company's perspective.  We focus on the company's management and our philosophy, our infrastructure, our solid assets, and also the blue sky potential.”  Eagle Hill works hard to maintain a conservative viewpoint by promoting what they've done as opposed to what they have planned.

Being located in Quebec has been an advantage. “It's gives us very good leverage,” Kitchen said, “For every dollar invested in our company that we put in the ground, the Quebec government gives us a 43% rebate.  So, for every dollar invested in Eagle Hill, we are actually getting a $1.43 worth of investment.”  Added to a supportive government relationship is existing infrastructure.  “There are power lines that go through our project.  There's a road that you can travel on 365 days a year.  We have a 58 person camp. There's a 1400m underground ramp that's 5m in diameter so if we were to do bulk mining, it's already big enough for the big dump truck,” said Kitchen, “It's come together very nicely.”    

Investor Focused

Kitchen said that the Eagle Hill team is investor focused.  “The team does take a conservative approach and we do that because we have an extremely reputable board.  We do not over-promote the company per se.  We can only promote what we've done. We've been able to do in the last eighteen months what previous companies haven't done in the last ten years and we've done it with an amazingly small amount of money-- say $5 million to $6 million dollars.  We actually spent more time on brain power than we spent on drill power.  So we spend a lot of time analyzing our results and modeling so that we can better understand how the gold is situated there.  Our resource to come is just the starting point.”

With a formal analysis on the horizon, existing infrastructure and a supportive, experienced team and environment, Eagle Hill Exploration is in position to develop fully the potential of the Windfall Lake Property.

For more information:

http://www.eaglehillexploration.com

Contact Information:

David Matousek, Corporate Communication

Eagle Hill Exploration Corporation:

Suite 601, 999 Canada Place

Vancouver, BC, Canada, V6C 3E1

Phone: +1.604.697.5791

Fax: 1.604.697.0790

Email: info@eaglehillexploration.com