VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 7, 2012) - Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") (News - Market indicators) is very pleased to announce additional assay results from the Company's current drill program at the Windfall Lake Property, located in Quebec. Drill Hole EAG-11-311 was extended to a total length of 1,037 meters to test gold mineralization below the Red Dog intrusion and returned an intercept of 24.46 g/t Au over 7.4 meters. Additional significant near surface gold mineralization was discovered on section 2825 mE with 2.82 g/t Au over 14.0 meters at only 15 meters below surface.

Deep intercept

• Drill hole EAG-11-311 was extended from its original depth of 452 meters to 1,037 meters to test gold mineralization below the Red Dog intrusion. This drill hole was successful at intersecting deep gold mineralization with 24.46 g/t Au over 7.4 meters at a vertical depth of 785 meters. This new intercept is interpreted as the western extension of a similar zone that assayed 16.3 g/t Au over 2.5 meters in drill hole EAG-12-320, located some 150 meters to the east (published on March 1, 2012). In addition, this same drill hole also intersected the depth extension of Zone 27 at 717.8 meters down the hole with 31.5 g/t Au over 0.4 meters.

Near surface gold mineralization

• Eagle Hill continues to drill a series of shallow holes to test for near surface gold mineralization. Drill hole EAG-12-423 intersected a thick gold interval at only 15 meters below the surface with an interval of 2.82 g/t Au over 14.0 meters, including 10.49 g/t Au over 3.5 meters, in the eastern portion of the deposit. 

Caribou Zone

• Drill hole EAG-12-424 tested the eastern extension of the Caribou Zone at 310 meters below surface and intersected 4.75 g/t Au over 3.4 meters, including 12.0 g/t Au over 1.0 meter. This intercept continues to indicate that the gold mineralization extends to the east in the Caribou Zone. The same drill hole also intersected 5.84 g/t Au over 2.2 meters from the Caribou South Zone at 245 meters below surface.

"The Windfall Lake gold deposit is a large, high grade gold resource defined to a depth of approximately 500 meters on a strike length of 750 meters. It is a mesothermal type deposit and historically these deposits can extend to a depth of 3 to 5 times the strike length. The new assay results represent high grade extensions at depth of the defined, closer to surface gold zones. These results provide evidence to the theory that the Windfall Lake deposit has potential to continue to expand at depth," stated Brad Kitchen, President and Chief Executive Officer of Eagle Hill Exploration.

Eagle Hill has completed 22,866 meters of the current 25,000 meter drill program. A map of the Windfall Lake Property outlining the location of the gold zones, drill holes and areas of potential expansion, together with cross-sections, a longitudinal section, and pictures of core showing the mineralization style have been posted on Eagle Hill's website at www.eaglehillexploration.com/sections.

The following table shows the most material assay results presented in this press release.

The true widths are approximately 60% of reported width.

Gold analyses reported in this release were performed by standard fire assay using a 30 gram charge with atomic absorption finish and a gravimetric finish for assays greater than 10 grams per ton. Assays returning results over 1 ounce per ton of gold by atomic absorption are re-assayed using the metallic sieve method. All assays were performed by ALS Chemex Laboratory Group, in Val d'Or, Quebec. Sampling and analytical procedures are subject to a comprehensive quality assurance and quality control program. The QA-QC program includes duplicate samples, blanks and analytical standards.

Jean-Philippe Desrochers, Ph.D., P.Geo., 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 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 Inc. 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:

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.