VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2012) - Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") (TSX VENTURE:EAG) is very pleased to announce that the Company has awarded to Stantec Consulting Ltd. ("Stantec") a contract to perform a Preliminary Feasibility Study ("PFS") on the Windfall Lake Property ("Windfall Lake" or the "Property"). The PFS is scheduled to be completed by early April, 2013. By producing an independent PFS, together with a mineral reserve estimate, Eagle Hill will be in a position to satisfy its obligations under the Windfall Lake Option Agreement (the "Option Agreement") entered into on July 20, 2009 with Noront Resources Ltd. (the "Optionor"). Once the obligations are satisfied, the buy-back provisions contained in the Option Agreement will be eliminated.

Under the terms of the Option Agreement to acquire the Windfall Lake Property, Eagle Hill must give notice of the Company's commitment to cause the commencement of commercial production on the Property within one year of earning a 75% interest in the Windfall Lake Property (the "Notice"). Eagle Hill earned its 75% interest in the Property on April 20, 2012. In this regard, Eagle Hill has engaged Stantec to provide a mineral reserve estimate based on the results of the PFS. The results of the PFS will be available on or before April 20, 2013. Upon receipt of the reserve estimate, Eagle Hill will be in a position to deliver the Notice to the Optionor pursuant to the Option Agreement.

"Our goal is to continue to control our majority ownership in the Windfall Lake Property," explained Brad Kitchen, President and C.E.O. of Eagle Hill. "It is critical to note that the PFS and mineral reserve estimate are being done at this time to satisfy our obligation under the Option Agreement and to give us a clear path toward commercial production as a way to generate non-dilutive cash flow. The Company will continue to both expand the high grade gold deposit at the Windfall Lake Property and define additional mineral resources that can be used to increase the initial reserve calculation."

Upon Eagle Hill delivering the Notice, the Optionor will then have 180 days to notify Eagle Hill if it wishes either to continue as a 25% joint venture partner (currently it is a carried partner), or to transfer 100% of the Property to Eagle Hill in exchange for a 2% NSR.

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 Ltd.. 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:

Jean-Philippe Desrochers, PhD, PGeo, 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 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