NEWS RELEASE

Corporate Update

Richmond, BC, Canada – December 21, 2015

Mineral Hill Industries Ltd. (the “Company” or “MHI”) wishes to announce that at its Annual General Meeting held on December 17, 2015 (the “AGM”), Messrs. Rafael Pinedo, Grant Hendrickson, Andrew von Kursell, Eric Peter-Kaiser, Milo Filgas and Dieter Peter were re-elected as directors and Davidson & Company LLP were re-appointed as the Company’s auditors.

The Company appreciated very much that following its News Release December 10, 2015, the representative of its future United Kingdom Partners, Mr. Matthew Rocksborough-Smith, followed MHI’s invitation and took the opportunity to fly in from London to discuss further the Company’s future operational and financing opportunities with the newly elected Board of Directors.

At the board meeting held immediately after the AGM, the following officers and committee members were appointed:

Officers
President & CEO Dieter Peter
Interim Chief Financial Officer Andrew von Kursell
Corporate Secretary Michael Kelm

 

Audit Committee

Andrew von Kursell, Chairman

Rafael Pinedo

Eric Peter-Kaiser

 

 Environmental and Safety Committee

Rafael Pinedo, Chairman

Andrew von Kursell

Eric Peter-Kaiser

 
Advisory Committee

Eric Peter-Kaiser, Soc. Media

 

The Company also granted an aggregate of 610,500 incentive stock options to its officers, directors and employees at an exercise price of $0.14 per share for a three-year exercise period. The grant of the options is subject to vesting provisions in accordance to the company’s Stock-Option Plan and the approved Stock-Option Agreements between the Company and the option holders.

In its December 11, 2015 news release, the Company announced the extension of 3,048,750 previously issued share purchase warrants (the “Warrants”) with an exercise price of $0.30 per Warrant exercised. MHI wishes to confirm that the TSX Venture Exchange has approved the extension of the Warrants to December 14, 2016.

We Seek Safe Harbor

For further information, please visit www.mineralhill.com or contact:

Email: info@mineralhill.com

Dieter Peter

President & CEO

Phone: (604) 278-1132

Fax: (604) 278-1139

 

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.