Mineral Hill Industries Ltd. - Non-Brokered Private Placement

    
    Trading Symbols:
    TSX Venture Exchange: MHI
    Frankfurt Stock Exchange: N8Z/WKN: AODLHP
    Pink Sheets:   MHIFF
    

The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to U.S. persons without registration or applicable exemption from the registration requirement of such Act. This release does not constitute an offer for sale of such securities in the United States of America.

VANCOUVER, July 19 /CNW/ - Mineral Hill Industries Ltd. (the "Company" or "MHI") wishes to announce that it will use its best efforts to sell by private placement of up to 12 million common shares at $0.05 per unit ("Unit") for total proceeds of up to $600,000. The Company will apply the proceeds from the private placement towards its existing projects, exploration, due diligence for new acquisitions and working capital to fund ongoing operations.

Certain directors and officers of the Company may acquire units under the private placement. Any such participation would be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any units issued to or the consideration paid by such persons will exceed 25% of the Company's market capitalization. This private placement is subject to regulatory approval.

About Mineral Hill Industries Ltd.

Mineral Hill Industries Ltd. is a Canadian based mineral exploration and development company and has accumulated a diversified portfolio of quality lithium and precious metal properties primarily in North America. The Company's determination to develop its promising lithium exploration projects in Quebec, Canada, and in Nevada, USA, will remain a major focus and its pursuit to accelerating the development of its gold exploration and production opportunities and attracting a strong management team will accelerate the execution of the Company's objectives and mission.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Mineral Hill Industries Ltd.

For further information: For further information: Dieter Peter, Chief Executive Officer, Telephone: (604) 685-4170; John Punzo, President, Telephone: (604) 685-4170


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