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Southern Arc Purchases Additional Shares and Warrants in Eagle Hill Exploration

April 8, 2014

Click here to visit the Southern Arc website to find out more about the company.

April 8, 2014 – Vancouver, BC – Southern Arc Minerals (TSX-V: SA, OTCQX: SOACF) (“Southern Arc”) today announced that the Company has purchased additional shares and warrants in Eagle Hill Exploration Corporation (“Eagle Hill”) (TSX-V: EAG, OTCQX: EHECF). Eagle Hill 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.

As part of Eagle Hill’s non-brokered private placement of up to $3.5 million (the “Offering”) announced on March 28, 2014, Southern Arc has purchased 7,518,797 million units in a structured transaction involving the issuance of flow-through units to investors, their donation to charity and subsequent resale by charities to Southern Arc. Southern Arc has paid $0.07 per unit for an investment of $526,316. Each unit consists of one common share (a “Share”) of Eagle Hill and one share purchase warrant (a “Warrant”) of Eagle Hill. Each Warrant entitles Southern Arc to acquire one Share at a price of $0.10 until April 8, 2016. Proceeds from the flow-through portion of the Offering will be used for exploration expenses at Eagle Hill’s Windfall Lake Gold Project.

Southern Arc has also agreed to participate in the “hard dollars” portion of Eagle Hill’s financing and has agreed to purchase approximately 3.6 million units directly from Eagle Hill. Southern Arc will pay an additional $250,000 for the “hard dollars” units for a total investment, including the flow-through units, of $776,316. Proceeds from the hard dollars portion of the Offering will be used for Eagle Hill’s general working capital.

In August 2013, Southern Arc invested $7,324,050 to acquire 97,654,000 shares of Eagle Hill and 48,827,000 warrants of Eagle Hill exercisable at a price of $0.10 until August 14, 2017. With the flow-through portion of the Offering complete, Southern Arc currently owns 105,172,797 shares and 56,345,797 warrants of Eagle Hill. Following closing of the full Offering, it is anticipated that Southern Arc will hold 108,744,226 Eagle Hill shares, representing 23.9% of Eagle Hill’s issued and outstanding shares. It is anticipated that Southern Arc will also hold 59,917,226 Eagle Hill warrants with an average exercise price of $0.10 which, if all Eagle Hill options and warrants are exercised, would represent a 27.6% interest in Eagle Hill on a fully diluted basis. Dundee Corporation (“Dundee”) (TSX: DC.A) is also participating in the Offering and has agreed to purchase approximately 10.7 million units. 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.

On behalf of the Board of Southern Arc Minerals Inc.

“John Proust”

Chairman & Chief Executive Officer

About Southern Arc

Southern Arc Minerals Inc. is a Canadian mineral exploration company focused on gold and copper-gold exploration. The Company is advancing two properties in Indonesia: West Lombok, a resource-stage property with several gold-rich copper porphyry and epithermal gold vein prospects, and East Elang, a grassroots exploration property that will be advanced in partnership with Vale International SA. Southern Arc also owns 25% of Eagle Hill Exploration, which owns the high-grade Windfall Lake Gold Project in Quebec, Canada. More information is available at www.southernarcminerals.com.

Contact

Rhylin Bailie
Vice President, Communications & Investor Relations
Telephone: 604-676-5241
Email: info@southernarcminerals.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 “has agreed”, “will”, “look forward”, 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 Eagle Hill to close the Offering; the granting of regulatory approval; and the timing of receipt of regulatory approvals. 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 Eagle Hill 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.

Ms. Rhylin Bailie,
Vice President Communications & Investor Relations
Telephone: +1-604-676-5241

Discussion
13 Comments
    Apr 08, 2014 08:38 PM

    If I was them, I would leave Indonesia, ASAP. DT

      Apr 08, 2014 08:46 PM

      A bit early for that. This is a smart group of guys.

        Apr 08, 2014 08:15 PM

        By the way how is your New Zealand Energy doing these days, how do you define smart. DT

      Apr 08, 2014 08:31 PM

      Yeah,with Newmont as operating neighbours for all their properties they should pack up and go,leaving their 3 million oz Au Eq property at Lombok and prospective Sumbawan properties for nothing-ASAP. Not.

        Apr 08, 2014 08:38 PM

        Matt, I wish you well. DT

          Apr 08, 2014 08:09 PM

          DT,no problems for me as I don’t own this company but I live very close to Lombok and Sumbawa.Indonesia has problems but they also have gold -including the largest gold mine in the world – and the largest gold miners in the world are operating here.

          Indonesia

          Indonesia ranks as the ninth largest gold producing country in the world. It produced 95t of gold in 2012, which comprises of 3.5% of the global production during the year. The country’s gold production in 2011 was 96t. The decline in gold production was due to the illegal mining and political unrest in the country.

          The world’s biggest gold mine Grasberg, with an estimated gold reserve of 70.96Moz, resides in Indonesia. Freeport McMoran, Newcrest and Newmont are the major mining companies operating in the country. Indonesia contained 5.8% of the global gold reserves as of December 2012.

            Apr 09, 2014 09:08 AM

            Matt-In May, my wife’s best friend, from Vancouver, is relocating to Bali… Very close to your area…so she tells me..Cheers!!

    Apr 08, 2014 08:52 PM

    I agree, i thought Indonesia was on C/M and they were looking for a buyer!!

    Apr 08, 2014 08:25 PM

    ARE YOU THERE…AL

    How about returns that you couldn’t resist. No more ups and downs holding for months or
    years. Like Doc was saying he’s going all in the resource sector gold mining in particular.
    No question he is 100 percent accurate. However, an intermediate top will occur and then
    the pain into a dreadful decline. I’m not a doctor but how about financial surgical precise
    exit strategies and buy entries in all sectors of the market. Investing in gold or anything else
    becomes negligible for a commitment.

    Here’s my point. Take $100,000 as an example capitol in use. Pick a number but must be at
    least $20,000 to produce a guaranteed income with very little effort. Trading is highly selective and every trade produces 5 to 30 percent returns within 3 to 14 days. These
    trades are very few and probably 2 to 3 every few months at the most. Average return is
    10 percent and time on average 5 days in the trade. 9 out of 10 winning trades with stop losses on all positions.This is very conservative returns. More like 200 percent realized.

    THE CONNOISSEURS STEALTH INVESTMENT RETURNS

    $300.00 a month service for higher end clients only. Not
    promoted that way but that’s the clientèle.

    Free service for 2 months provided they can
    provide a credit card and can cancel at anytime.
    Need to avoid those looking to get free service
    Joining up all the time.

    You have the traffic here to build a huge client based
    service with very high income opportunities. Everyone
    will be extremely happy making money on say almost
    every trade. There is nothing not to like.

    NO WISHY WASHY TRADES AND ALL ARE CLOSE TO 100
    PERCENT WINNERS. The guessing and frustration is of the
    past. Double ..triple your money in 12 months.

    ALL THE TIME…YEAR AFTER YEAR. Gold or anything else
    matters no more. All sectors are traded year after year.
    Gold crashes or stock market collapses we don’t care.

    The proof is in black and white. Posted and every trade.
    All winners except very very few.

    I’m now promoting my skills since I have uncovered the key
    to huge wealth in the financial markets. Long..short….any
    sector does not matter. Looking to partner up with someone
    who has the other resources for huge client base. The service
    must always be of high ethical standards and refunds are guaranteed
    provided the service has not expired. Always exceptions but maintaining
    a high level of consumer confidence can provide exceptional rewards
    over the long term. Client base could multiply very easily over time.

    Who can be unhappy making high returns. I do the rare trading
    surgical type entries and exits. Nothing long term all short term.
    You provide the service and collect proceeds in joint LLC ENITY.

    Start out black snd white posting trades on your site. Take several
    months to prove accuracy. No pressure. ..never…. once everyone
    is comfortable we move into the business. All must be happy campers.
    NO EXCEPTIONS. My own money is on all these trades. Nothing is executed
    unless the odds are 100 percent winners. Few trades but the returns are stealth.
    This service is for those including myself that would rather take my money off
    the table and reap the benefits today. Just steady high returns year after year.

    Apr 08, 2014 08:50 PM

    Happy doing what I am doing but thank you for thinking about me.

      Apr 08, 2014 08:18 PM

      Would never partner with anyone but I did think it could be huge.

      Looks like I won’t need to split $100, 000 a month net. Factor in
      advertising costs and in this cash cow the sky is the limit.

      Million a month business in several years. The mining shares
      are a no brainer for 10 times in 3 years. Millions there too.
      HAVE IT ALL. !!!!!!!!!!

        Apr 08, 2014 08:10 PM

        Might suggest this site could be much more popular if gold investors who do have a vested
        interest in gold are not frustrated with bear views with no case to support it. I never have a problem with bear views but not constantly from the same posters. I told you this before.
        No one wants to come here and be shaken out of their gold investments. You promote resources yet investors hear the sky is falling from the same posters for months on end.
        Its very disturbing. Doc is fine and Gary has his views. No problem with the guests. I know
        its hard to control the postings here but you could interact with the same posters who always yell fire in the gold pits. Ask more questions with these pests why their reasoning regarding
        these bearish views all the time. Maybe they will get the message that if your not liking it they
        won’t do it. Bear views are fine but not everyday..month in and out from the same poster.
        We all know there are corrections. If a new poster has bear views thats fine. If he is found
        in this mode for a long time you know he’s not here to help investors. They are here for one
        reason revenge against gold investors. Its bad for your business and your advertisers. We need different opinions but not to upset investors on a daily basis. I’m surprised your not aware of this type of behavior. Investors are looking for answers and not to be frustrated.
        Just know there are posters who do have a vendetta and agenda against gold investors.
        Not many but they do exist. Won’t mention any names. They hate to see anyone profit
        from gold. Only takes one poster to chase away the audience and serious investors.
        Anyway its not my loss. This could be a great place but not with what we have going
        currently on the board. Again, people come here to prosper not to be shaken out by the
        You know who’s. Sorry, just trying to help. I can’t even begin to read the board any longer.

    Apr 09, 2014 09:15 AM

    I think, I have been here the longest of any poster……bar none……..,except Al.
    I would agree with HH……..on many of the above points.
    I think I understand Al, since, being around longer, HIS favorite quote,” is we need to hear from all sides”, which I agree, …..But, I think Al, has made it clear, he is on the positive side of gold, silver etc……….
    Since, gold is in a down trend, and easy to beat up…….and most do not understand the overall . Only , the strong will survive this time, and others will be shaken out……..Weak sisters, will be weak sisters and negative people, usually makes one stronger ……………………jmho………………………..j…………..the LONG………