Mr. Sergei Stetsenko reports

GOLDHILLS HOLDING LTD ANNOUNCES MINERAL PROPERTY OPTION AGREEMENT FOR LENNAC LAKE PROPERTY AND FINANCING

Goldhills Holding Ltd. has entered a mineral property option agreement with Donald MacIntyre and Victor Parsons (collectively, the optionors). This agreement grants Goldhills the option to acquire a 100-per-cent interest in the Lennac Lake property, comprising eight contiguous mineral claims located in the Omineca mining division of British Columbia.

In order to exercise the option, the company must make cash payments of $100,000 to the optionors over a three-year period. The payments are scheduled as follows: $10,000 upon signing, $20,000 by the first anniversary, $30,000 by the second anniversary and $40,000 by the third anniversary of the agreement.

Goldhills is also obligated to incur exploration expenditures totalling at least $370,000 by specific milestones: $75,000 by the first anniversary, an additional $100,000 by the second anniversary and an additional $200,000 by the third anniversary.

Upon commencement of commercial production, Goldhills will pay the optionors an annual payment in lieu of a net smelter return royalty, beginning at $40,000 per annum.

The company also announces a private placement financing of up to five million common shares at a price of five cents per share for total proceeds of up to $250,000. The proceeds of the offering will be used for mineral exploration and general working capital purposes.

Closing of the proposed offering and option agreement are subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval from the TSX Venture Exchange.

We seek Safe Harbor.