Eagle Hill Exploration Re-Prices and Increases Previously Announced Financing

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)(FRANKFURT:EH0)
("Eagle Hill" or the "Company") today announced that the Company is both
re-pricing and increasing the non-brokered private placement announced on March
28, 2014. Under the revised terms of the private placement (the "Revised
Offering"), the Company intends to raise up to $3.5 million by issuing
approximately 70 million units of the Company (the "Units") at $0.05 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 $0.08 for a period of two years following
closing of the Revised Offering. 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 Revised Offering.


Dundee Corporation ("Dundee") and Southern Arc Minerals Inc. ("Southern Arc")
have agreed to participate in the private placement, investing approximately $1
million each. Eagle Hill is offering up to $1.5 million to interested investors,
and will pay a 6% cash finder's fee for placement of up to 30 million Units.
Interested investors should contact Eagle Hill's Corporate Secretary at
1-855-597-5791 or by email at info@eaglehillexploration.com. Proceeds from the
Revised Offering will be used for general working capital and to advance the
Windfall Lake Gold Project.


The Revised Offering is subject to approval by the TSX Venture Exchange. The
originally announced private placement contemplated raising up to $2.5 million
by issuing units at $0.07 per unit, with warrants priced at $0.10.


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 Revised Offering, it is
anticipated that Dundee will own 28.8% of Eagle Hill on an undiluted basis, and
28.2% on a fully diluted basis. It is anticipated that Southern Arc will own
25.6% of Eagle Hill on an undiluted basis, and 29.6% 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.


Qualified Person 

The technical information in this document has been reviewed by Eagle Hill's
Vice President Exploration, Jean-Philippe Desrochers, PhD, PGeo, who has
sufficient experience relevant to the style of mineralization under
consideration and qualifies as a Qualified Person as defined by National
Instrument 43-101. 


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
info@eaglehillexploration.com
www.eaglehillexploration.com
(TSXV:EAG)
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