MASS MEDIA DISTRIBUTION NEWSWIRE

River Hills Resource Corporation Announces Agreement in Ecuador with Shandong Institute of China
February 19, 2008

 

River Hills Resource Corporation Announces Agreement in Ecuador with Shandong Geological Prospecting Institute of the China Chemical Geology and Mine Bureau

Kohler, Wisconsin – February 19, 2008 – River Hills Resource Corporation (“River Hills” or the “Company”) announced today that it has signed an agreement with an effective date of February 14, 2008 (the “Agreement”) with a Chinese state-owned company, Shandong Geological Prospecting Institute of the China Chemical Geology and Mine Bureau (“Shandong”) for the exploration and advancement of the Company’s El Salto and Mishkyloma projects.  El Salto is a copper-molybdenum project and Mishkyloma is a copper-zinc project (the “Projects”).  Both Projects are located in west-central Ecuador.

Under the terms of the Agreement, Shandong has the right to earn over a four-year period an undivided 70% interest in the Company’s special purpose subsidiary that controls the projects by providing approximately $22 million to advance the phased exploration programs.  The goals of the work covered by the agreement are to develop sufficient mineral reserve calculations and 3D modeling maps to initiate commercial development of each of the Projects through bankable feasibility studies that will allow the utilization of third party project financing.

The Projects are comprised of 7 separate mineral concessions.  The Company  controls five of the concessions.  The El Salto project consisting of  two concessions: the 5,000 hectare El Salto concession and the 3,700 hectare Pambacury Concession.  The Company also controls the Mishkyloma projects core area being three concessions: Mishkyloma, Mishkyloma 1 and  Mishkyloma 2 comprising a total area of 13,200 hectares.  Two additional concession applications for areas related to the Mishkyloma project consisting of approximately 1,500 hectares are pending before the appropriate governmental entities.

In signing the Agreement, Christopher Werner, Founder and CEO of the Company commented, “River Hills is most pleased with this exploration agreement with Shandong.” and noted that “China is one of the world’s major consumers of both base and precious metals.”  He added, “we believe that this relationship will enable River Hills to proceed with the continued exploration of the projects in phases that may allow us to expeditiously move them into commercial development.”

River Hills is a British Columbia, Canadian  registered company with management offices in Kohler, Wisconsin and Quito, Ecuador.  River Hills has been involved in assembling and developing a portfolio of precious and base metal exploration projects located in Ecuador.

Company contact: Christopher Werner, CEO at 920-803-9910
This email address is being protected from spam bots, you need Javascript enabled to view it     Web: www.riverhillsresource.com

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Summary

River Hills Resource Corporation is a Canadian Jr. Exploration company with projects in Ecuador. The company has secured a long term exploration agreement with a Chinese state owned mineral exploration company. Under the terms of the agreement the Chinese will spend a minimum of US$22 million advancing the exploration of two copper projects.