Mr. Sergei Stetsenko reports

GOLDHILLS HOLDING LTD. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $500,000

Goldhills Holding Ltd. has arranged a non-brokered private placement of up to 10 million units of the company at a price of five cents per unit for gross proceeds of up to $500,000.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of seven cents for a period of 24 months from the date of issuance.

The company intends to use the net proceeds of the offering for mineral exploration and general working capital purposes.

The company may pay finders' fees in cash and/or securities to eligible finders in connection with the offering in accordance with the policies of the TSX Venture Exchange.

Closing is subject to receipt of all necessary regulatory approvals, including the acceptance of the TSX-V. All securities issued under the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.

Certain directors and officers of the company may participate in the offering. Any such participation will constitute a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company expects to rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) as the company is not listed on a specified market and neither the fair market value of the securities issued to, nor the consideration paid by, such insiders will exceed 25 per cent of the company's market capitalization.

About Goldhills Holding Ltd.

Goldhills is a mineral exploration company. The company holds an option to acquire a 100-per-cent interest in the Lennac Lake copper-molybdenum porphyry project, located in the Omineca mining division of central British Columbia.

We seek Safe Harbor.