Eagle Hill Takes Steps to Ensure Focus on Windfall Lake Property
Tuesday, August 18th 2009
Eagle Hill Exploration Corp. announces that it has entered into a mutual release agreement with War Eagle Mining Company Inc. through which the MAC Property Option Agreement of December 10, 2007 has been terminated. Under the terms of the Agreement Eagle Hill will maintain a 3.5% interest in the MAC Property.
Eagle Hill’s Qualifying Property, as defined by TSX Venture Exchange Policy, was the MAC Property. The Company will transfer this designation to the Windfall Lake Property upon approval from the TSX Venture Exchange for the acquisition.
Also, in following with the Company’s focus on the Windfall Lake Property, Eagle Hill will not purse negotiations for the joint venture agreement with Yankee Hat Minerals Ltd. for a property known as the Fran Property in British Columbia. A letter of intent for his joint venture was previously announced on April 15, 2009.
