Eagle Hill Second Quarter Financial Results

Eagle Hill Exploration Corporation (TSX VENTURE:EAG)(OTCQX:EHECF) ("Eagle Hill"
or the "Company") has released the results of its second quarter ended April 30,
2014. Details of the Company's financial results are described in the unaudited
condensed interim financial statements and Management's Discussion and Analysis
("MD&A"), which are available on the Company's website at
www.eaglehillexploration.com and on SEDAR at www.sedar.com. All amounts are in
Canadian dollars unless otherwise stated.


COMPARATIVE QUARTERLY RESULTS

The following table sets out selected financial information for the most recent
eight fiscal quarters. 




----------------------------------------------------------------------------
                                     Fiscal 2014                 Fiscal 2013
----------------------------------------------------------------------------
                                     January 31,   October 31,              
                    April 30, 2014          2014          2013 July 31, 2013
                                 $             $             $             $
----------------------------------------------------------------------------
Total assets            35,386,049    33,788,667    32,201,645    21,196,288
Long-term                                                                   
 liabilities           (3,632,258)   (3,459,984)   (2,997,010)   (3,039,821)
Net loss                 (446,705)     (669,861)   (2,006,551)     (545,230)
Net loss per share,                                                         
 basic and diluted         (0.001)       (0.002)       (0.009)       (0.003)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                     Fiscal 2013                 Fiscal 2012
----------------------------------------------------------------------------
                                     January 31,   October 31,              
                    April 30, 2013          2013          2012 July 31, 2012
                                 $             $             $             $
----------------------------------------------------------------------------
Total assets            20,483,057    19,223,152    18,899,190    16,895,227
Long-term                                                                   
 liabilities           (2,974,557)   (1,993,982)   (2,530,716)   (1,896,795)
Net loss                 (521,587)     (482,926)   (1,052,844)     (834,984)
Net loss per share,                                                         
 basic and diluted         (0.003)       (0.003)       (0.006)       (0.005)
----------------------------------------------------------------------------



Note: The Company had no revenue and paid no dividends during the above periods

At the date of this MD&A, the Company had working capital of approximately $3.6
million. For the three months ended April 30, 2014, the Company had a net and
comprehensive loss of $446,705 or $0.001 per share (2013: $521,587 or $0.003 per
share). At April 30, 2014, the Company had a commitment to spend a total of
$444,406 on Canadian Eligible Exploration by December 31, 2014 and $1,000,000 by
December 31, 2015.


WINDFALL PROPERTY REVIEW AND OUTLOOK

The Windfall Lake Property covers approximately 12,400 hectares in the prolific
Abitibi Greenstone Belt in Quebec. The property consists of 285 contiguous
claims. Eagle Hill obtained ownership of the property by optioning different
claim blocks from Noront, Murgor and Cliffs. On May 6, 2014, the Company
announced that it had completed its purchase of three 2% NSRs related to Eagle
Hill's Windfall Lake Gold Project, which is located in the Abitibi Gold Belt
approximately 200 km northeast of Val d'Or, Quebec. The Company paid a total of
$60,000 and issued a total of 3,333,334 shares to purchase the NSRs, which cover
3,469.9 hectares of the 12,400 hectare Windfall Lake Property. The shares issued
to the vendors of the royalties are subject to a four-month hold period.


On March 28, 2014, the Company completed the purchase of the 29 Claims and the
184 Claims immediately adjacent to the Windfall Lake Property. In consideration
for purchasing the remaining interests in the 29 Claims and the 184 Claims, the
Company paid $250,000 and issued 9.5 million common shares to each of the
optionors. In addition, the Company granted a 0.5% NSR for the 29 Claims and a
1% NSR for the 184 Claims to each of the optionors. The Company retained the
right to buy back any of the NSRs at any time prior to first commercial
production by paying $500,000 to the holder of the NSR.


Exploration Activities

The Fall 2013 drill program achieved its primary objectives, confirming
continuity of mineralization below Red Dog, confirming the extension of
mineralization southwest of the Main Zone, and expanding both Zone 27 and the
Mink Lens. In addition, a downhole IP survey showed additional potential below
Red Dog. 


The Winter 2014 drill program was focused on testing for gold mineralization
below shallow lakes in the Main Zone. A total of 3,333 metres was drilled in 16
drill holes. Several drill intercepts demonstrated the presence of pyritic
stockwork similar to other lenses of the Main Zone. The results confirmed
continuity of the Zone 27 gold mineralization and demonstrated lateral extension
of the Zone. Highlights of the drilling program include 18.5 g/t gold over 3.38
metres, 7.04 g/t gold over 6.2 metres, and 20.45 g/t gold over 2.6 metres in the
eastern extension of Zone 27. In addition, the drilling program expanded the
upper portion of Zone 27 by over 100 metres to the southwest with the discovery
of 8.36 g/t gold over 1.2 metres and 10.6 g/t gold over 0.9 metres. Eagle Hill
press released a complete summary of results from the Winter 2014 drill program
on June 24, 2014.


During the summer of 2014, the Company has planned a 2,800-metre drill program
targeting the extension of Zone 27 to the northeast below the Red Dog intrusion.
Eagle Hill plans to deepen six existing drill holes in a target zone that is
currently untested. Using existing holes to reach the target zone will reduce
drilling costs and also allow the target zone to be reached more quickly. The
Board of Directors has also approved an additional hole-to-hole IP survey to
further define drill targets at depth. Geological studies indicate that the gold
mineralization hosted by Zone 27 and the Caribou Zone may have been displaced as
much as 600 metres below the Red Dog dike, which coincides with the IP anomaly
identified below Red Dog. The Fall 2013 drilling program confirmed continuity of
gold mineralization below the Red Dog intrusion and delineated an inferred
mineral resource of 455,000 tonnes at a grade of 8.21 g/t gold for 120,000
contained ounces of gold, highlighting the potential to increase the mineral
resource below the Red Dog intrusion. 


Preliminary Economic Assessment Study

On June 24, 2014, Eagle Hill announced that the Company plans to initiate a
Preliminary Economic Assessment Study ("PEA") for the Windfall Lake Property.
The environmental, engineering and economic studies associated with a PEA will
provide further clarity on the potential of advancing the Windfall Lake Property
to production. The Board of Directors has appointed Paul-Henri Girard as the
lead director to manage the PEA process. Mr. Girard is a Mining Engineer with
extensive hands-on experience planning and operating Canadian mines. Mr. Girard
started his career with Falconbridge Copper as a mining engineer in 1980, and
moved to Agnico Eagle Mines Ltd. in 1987 as Chief Engineer of LaRonde Mine in
Quebec. Mr. Girard held increasingly senior positions with Agnico Eagle over a
25-year period, eventually retiring from the position of Vice President Canadian
Operations in 2012.


On Behalf of the Board of Directors

"John Proust"

Interim Chief Executive Officer

About Eagle Hill Exploration Corporation

NZEC is an oil and natural gas company engaged in the production, development
and exploration of petroleum and natural gas assets in New Zealand. NZEC's
property portfolio collectively covers approximately 1.15 million acres of
conventional and unconventional prospects in the Taranaki Basin and East Coast
Basin of New Zealand's North Island. The Company's management team has extensive
experience exploring and developing oil and natural gas fields in New Zealand
and Canada, and takes a multi-disciplinary approach to value creation with a
track record of successful discoveries. NZEC plans to add shareholder value by
executing a technically disciplined exploration and development program focused
on the onshore and offshore oil and natural gas resources in the politically and
fiscally stable country of New Zealand. NZEC is listed on the TSX Venture
Exchange under the symbol NZ and on the OTCQX International under the symbol
NZERF. More information is available at www.newzealandenergy.com or by emailing
info@newzealandenergy.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.


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. The drill program and sampling protocol is managed by Eagle
Hill under the supervision of Jean-Philippe Desrochers. The diamond drill holes
are drilled at NQ sizes and core recovery to date has averaged better than
95.0%. Half core is cut by rock saw and is generally sampled using nominal
1-metre intervals; however, sample intervals vary according to geological
contacts and have ranged between 0.3 to 1.5 metres in length. Two quality
control samples (one blank and one certified reference material) are inserted
into each batch of 20 samples. All assays were performed by ALS Chemex
Laboratory Group, in Val d'Or, Quebec. The half core samples are securely
transported from the project site to the ALS Chemex laboratory by Eagle Hill
personnel. 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 tonne and by metallic
sieve method for samples containing significant amounts of pyrite or visible
gold. In addition, an Aqua regia digestion with ICP-AES finish is used to
analyse a full suite of elements including silver and base metals. 


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