VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2009) - Eagle Hill 
Exploration Corporation ("Eagle Hill" or the "Company") (TSX VENTURE:EAG) 
has received TSX Venture Exchange approval for its previously announced 
Windfall Lake Property claims acquisition from Murgor Resources Inc. 
("Murgor"), Freewest Resources Canada Inc. ("Freewest").

With this approval in place, Eagle Hill will now plan an exploration 
program for the Windfall Lake Property claims acquired from Murgor, 
Freewest and Noront Resources Ltd.

The Company has also closed the previously announced private placement for 
gross proceeds of C$249,999.90 (the "Private Placement") through its agent, 
IBK Capital Corp.

The Private Placement is comprised of 1,666,666 flow through units (a 
"Flow-Through Unit"), consisting of one common share and one half share 
purchase warrant (a "Warrant"), at a price of C$0.15 per Flow-Through Unit. 
Each whole warrant will entitle the holder to acquire one additional common 
share of the Company at a price of C$0.20 for a period of one (1) year 
after the closing.

The Flow-Through Units issued in connection with this Private Placement are 
subject to a hold period until March 1st, 2010, in accordance with 
applicable securities laws and TSX Venture Exchange policies.

Eagle Hill engaged IBK Capital Corp. ("IBK" or the "Agent") to complete the 
Private Placement on a best efforts basis. The Company paid an aggregate 
cash commission in the amount of C$22,499.99 to IBK. The Company also 
issued 166,666 Agent`s warrants entitling IBK to purchase up to 166,666 
common shares at a price of C$0.15 for a period of four (4) years from the 
date of issue (the "Agent's Warrants").

The net proceeds from the Private Placement will be used to fund the 
initial exploration program of the Company's interest in the expanded 
Windfall Lake Property, located in Urban Township, Quebec, between Val D'or 
and Chibougamau.