EAG

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 that the Company has closed the
"flow-through" portion of the non-brokered private placement announced on March
28, 2014 (the "Offering"), raising $1.0 million to be used for exploration at
the Windfall Lake Gold Project. The Company continues to fill orders in the
"hard dollars" portion of the Offering. Eagle Hill has received conditional
approval from the TSX Venture Exchange for the Offering.


The Company is raising up to $2.5 million by issuing approximately 35.7 million
units of the Company (the "Units") at $0.07 per Unit. Each 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. Proceeds from
this portion of the financing will be used for general working capital.


Eagle Hill will pay a 6% cash finder's fee for placement of 21.4 million Units.
Of the remaining 14.3 million Units, Dundee Corporation ("Dundee") has agreed to
purchase approximately 10.7 million Units and Southern Arc Minerals Inc.
("Southern Arc") has agreed to purchase approximately 3.6 million Units. 


To close the flow-through financing, the Company has issued 7,518,797 units (the
"FT Units") at $0.133 per FT Unit for proceeds of $1.0 million. Each FT Unit
consists of one Share and one Warrant of the Company exercisable until April 8,
2016. The flow-through financing was a structured transaction involving the
issuance of the FT Units, their donation to charity and subsequent resale by
charities to 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. 


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. 


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. The
Offering was approved by all independent directors of Eagle Hill. 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 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 "conditional",
"raising, "will", 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 or Toll-free: 1-855-597-5791
info@eaglehillexploration.com
www.eaglehillexploration.com

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