Eagle Hill Exploration Announces Private Placement of $3.5 Million

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


Eagle Hill Exploration Corporation (TSX VENTURE:EAG)(OTCQX:EHECF) ("Eagle Hill"
or the "Company") is pleased to announce the terms of a non-brokered private
placement of $3.5 million (the "Offering"). The Offering will consist of
approximately 35.7 million units of the Company (the "Units") at $0.07 per Unit
for proceeds of $2.5 million, and approximately 7.5 million units of the Company
issued on a "flow-through" basis (the "FT Units") at $0.133 per FT Unit for
proceeds of $1.0 million. Each Unit and FT Unit will consist of one common share
(a "Share") and one share purchase warrant (a "Warrant") of the Company. Each
Warrant will entitle the holder to acquire one Share at a price of $0.10 for a
period of two years following closing of the Offering.


The flow-through portion of the financing will be a structured transaction
involving the issuance of the FT Units, their donation to charity and subsequent
resale by charities to Southern Arc Minerals Inc. ("Southern Arc") at a price of
$0.07 per FT Unit. Proceeds from the flow-through portion of the Offering will
be used for eligible Canadian exploration expenses at the Company's Windfall
Lake Gold Project. The Company will renounce the qualifying expenditures to
subscribers of the FT Units for the fiscal year ended December 31, 2014. 


Dundee Corporation ("Dundee") has agreed to purchase approximately 10.7 million
Units. Southern Arc has agreed to purchase approximately 3.6 million Units plus
approximately 7.5 million FT Units. Eagle Hill will pay a 6% cash finder's fee
for placement of the remaining 21.4 million Units. 


Southern Arc and Dundee's participation in the private placement is in
compliance with Multilateral Instrument 61-101 ("MI 61-101"). Eagle Hill will
rely on exemptions from the formal valuation and minority approval requirements
under MI 61-101 based on a determination that neither the fair market value of
the Units being issued to the related parties, nor the consideration being
received for such Units, exceeds 25% of Eagle Hill's market capitalization. In
August 2013, Southern Arc and Dundee invested an aggregate of $12 million to
purchase a controlling interest in Eagle Hill. Upon closing of the Offering, it
is anticipated that Dundee will own 28.9% of Eagle Hill on an undiluted basis,
and 28.3% on a fully diluted basis. It is anticipated that Southern Arc will own
23.9% of Eagle Hill on an undiluted basis, and 27.6% on a fully diluted basis. 


The Shares, Warrants and Shares issued upon exercise of the Warrants will be
subject to a four-month hold from the date of closing of the Offering. Proceeds
from the Offering will be used for exploration and development of the Windfall
Lake Gold Project.


The Offering is subject to TSX Venture Exchange acceptance.

The securities offered have not been and will not be registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or applicable exemption from the registration
requirements. This news release does not constitute an offer to sell or the
solicitation of any offer to buy nor will there be any sale of these securities
in any province, state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any such province, state or jurisdiction.


On Behalf of the Board of Directors

John Proust, Chief Executive Officer

About the Windfall Lake Gold Project

The Windfall Lake gold deposit comprises a number of lenses of pyritic stockwork
and shear zones situated in the Archean Urban-Barry Greenstone Belt,
approximately 200 km northeast of Val d'Or, Quebec. SRK Consulting (Canada) Inc.
prepared a mineral resource statement for Eagle Hill in compliance with National
Instrument 43-101 in February 2014 comprising 2,375,000 tonnes at 9.75 g/t gold
(744,000 ounces) in the indicated category and 3,084,000 tonnes at 7.37 g/t gold
(731,000 ounces) in the inferred category. The bulk of the mineralization occurs
in the Main Zone, a southwest/northeast trending zone of stacked mineralized
lenses, measuring approximately 600 metres wide and at least 1,400 metres long.


About Eagle Hill Exploration Corporation

Eagle Hill Exploration Corporation is a Canadian mineral exploration company
focused on the exploration and development of the high-grade Windfall Lake Gold
Deposit, located between Val-d'Or and Chibougamau in Quebec. In August 2013,
Southern Arc and Dundee invested an aggregate of $12 million to purchase a
controlling interest in Eagle Hill and fund an aggressive exploration program.
More information is available at www.eaglehillexploration.com. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as such
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


Cautionary Note Regarding Forward-looking Statements

This document contains certain forward-looking information and forward-looking
statements within the meaning of applicable securities legislation (collectively
"forward-looking statements"). The use of any of the words "will", "is subject",
and similar expressions are intended to identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially from those
anticipated in such forward-looking statements. Such forward-looking statements
should not be unduly relied upon. This document contains forward-looking
statements and assumptions pertaining to the ability of the Company to close the
Offering; the granting of regulatory approval; the timing of receipt of
regulatory approvals; and the use of proceeds raised from the offering. Actual
results achieved may vary from the information provided herein as a result of
numerous known and unknown risks and uncertainties and other factors, including
uncertainty related to market conditions that prevent the Company from closing
the Offering on acceptable terms or at all; and global financial market events
that cause significant volatility. Readers are cautioned that the foregoing list
of factors is not exhaustive. The forward-looking statements contained in the
document are expressly qualified by this cautionary statement. These statements
speak only as of the date of this document and the Company does not undertake to
update any forward-looking statements that are contained in this document,
except in accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eagle Hill Exploration Corporation
Rhylin Bailie
Vice President, Communications & Investor Relations
604-697-5791
info@eaglehillexploration.com
www.eaglehillexploration.com
(TSXV:EAG)
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