Vancouver, BC, Canada – January 10th, 2012

Mineral Hill Industries Ltd. (the ”Company” or “MHI”) wishes to announce that the Company and Ascot Mining plc (“Ascot”) have agreed to resume informative discussions with a view to determine whether there is a mutually acceptable basis for pursuing a business transaction including additional financing for the Company.  Ascot is a UK company listed on the London PLUS market and the European Xetra® Exchange with two gold projects in Costa Rica of which one is presently in limited production of gold and the other is scheduled for production in the latter part of 2012.

About Mineral Hill Industries Ltd.

Mineral Hill Industries Ltd. is a Canadian based mineral exploration company trading on the TSX Venture Exchange (MHI), the Frankfurt Exchange (N8Z/WKN: AODLHP), and the OTC Pink Sheets (MHIFF). Mineral Hill has accumulated a diversified portfolio of lithium and precious metal properties. Although the Company’s determination to develop its promising lithium exploration projects will remain a focal point, Mineral Hill’s accelerated effort will be the permitting and development of its Liberty Hill Mine gold exploration and production project in the United States, and attracting a strong mining and management team.

For more information on Mineral Hill Industries Ltd. and its projects, please visit the Company’s website at, or contact:

Dieter Peter
President & CEO
Telephone: (604) 685-4170

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.