Extension at Depth With 24.46 g/t of Gold Over 7.4 Meters Below the Red Dog Intrusion

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/07/12 -- Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") (TSX VENTURE:EAG) 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.


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Hole number From To Assay Comments
----------------------------------------------------------------------------
EAG-11-311 717.80 718.20 31.5 g/t Au Zone 27 below Red Dog
extension over 0.4 m
----------------------------------------------------------------
903.00 910.40 24.46 g/t Au Below Red Dog. Extension
over 7.4 m of intercept in drillhole
------------------------------------- EAG-12-320 at 922 m (16.3
incl. 904.60 904.90 14.6 g/t Au g/t Au over 2.5 m)
over 0.3 m
-------------------------------------
incl. 909.40 910.40 167.0 g/t Au
over 1.0 m
----------------------------------------------------------------------------
EAG-12-417 235.10 235.90 5.28 g/t Au Between zones
over 0.8 m
----------------------------------------------------------------
503.50 504.80 5.81 g/t Au Zone 27 to the East
over 1.3 m
----------------------------------------------------------------
522.90 524.40 9.45 g/t Au Between zones
over 1.5 m
----------------------------------------------------------------------------
EAG-12-418 76.00 100.00 10.59 g/t Au Mineralized porphyry dyke
over 24.0 m (Result published
------------------------------------- September 27, 2012)
incl. 80.00 83.90 12.25 g/t Au
over 3.9 m
-------------------------------------
incl. 90.30 95.50 34.39 g/t Au
over 5.2 m
----------------------------------------------------------------------------
EAG-12-419 45.00 46.00 3.61 g/t Au Between zones
over 1.0 m
----------------------------------------------------------------
62.60 63.60 9.38 g/t Au Between zones
over 1.0 m
----------------------------------------------------------------------------
EAG-12-420 50.50 51.50 3.99 g/t Au Between zones
over 1.0 m
----------------------------------------------------------------
100.00 101.00 5.5 g/t Au Between zones
over 1.0 m
----------------------------------------------------------------------------
EAG-12-421 156.30 157.00 5.64 g/t Au Between zones
over 0.7 m
----------------------------------------------------------------------------
EAG-12-422 64.50 65.00 99.7 g/t Au Between zones, near
over 0.5 m surface
----------------------------------------------------------------------------
EAG-12-423 17.50 18.00 6.18 g/t Au Between zones, near
over 0.5 m surface
----------------------------------------------------------------
28.50 42.50 2.82 g/t Au Near surface zone
over 14.0 m
-------------------------------------
incl. 28.5 32.00 10.49 g/t Au
over 3.5 m
-------------------------------------
incl. 29.30 29.80 62.3 g/t Au
over 0.5 m
----------------------------------------------------------------
110.00 110.70 4.52 g/t Au Fault
over 0.7 m
----------------------------------------------------------------------------
EAG-12-424 288.30 299.00 1.96 g/t Au Caribou South
over 10.7 m
-------------------------------------
incl. 296.00 298.20 5.84 g/t Au
over 2.2 m
----------------------------------------------------------------
372.00 375.40 4.75 g/t Au Caribou Zone
over 3.4 m
-------------------------------------
incl. 373.00 374.00 12.0 g/t Au
over 1.0 m
----------------------------------------------------------------
433.00 433.60 5.01 g/t Au Between zones
over 0.6 m
----------------------------------------------------------------------------
EAG-12-425 No significant results
----------------------------------------------------------------------------


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:


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Quantity Grade Gold Contained
('000 tonnes) (g/t) Gold (ounces)
----------------------------------------------------------------------------
Indicated 1,665 10.05 538,000
----------------------------------------------------------------------------
Inferred 2,906 8.76 822,000
----------------------------------------------------------------------------


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