NEWS RELEASE

CORPORATE UPDATE

Vancouver, BC, Canada – July 16, 2012

Mineral Hill Industries Ltd. (the “Company”) wishes to announce that at its recently held Annual General Meeting (the “AGM”), Messrs. Rafael Pinedo, Hugh Maddin, Andrew H. von Kursell, Grant Hendrickson, David Jackson and Dieter Peter were re-elected directors and Davidson & Company LLP were re-appointed as the Company’s auditors.

The Company’s shareholders passed the resolution approving and ratifying the number of shares reserved for issuance under the Company’s stock option plan to be 2,010,407 shares. The disinterested shareholders also passed a resolution to approve a limit of 10% on grants of stock options to insiders and employees under the Stock Option Plan.

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

Officers
President & CEO Dieter Peter
Chief Financial Officer Jayram Hosanee
Vice President, Treasurer & Corporate Secretary Josephine See

 

Audit Committee

Andrew von Kursell, Chairman

Hugh Maddin

Rafael Pinedo

 

 Corporate Governance & HR Committee

Andrew von Kursell, Chairman

Hugh Maddin

David Jackson

 
Exploration Committee

Andrew von Kursell, Chairman

Grant Hendrickson

Bruce Purcell

 

Advisory Committee

Dr. Stewart Jackson

Bruce Purcell

 Environmental and Safety Committee

Andrew von Kursell, Chairman

David Jackson

Bruce Purcell

The Company also granted an aggregate of 759,500 incentive stock options to its officers, directors and employees at an exercise price of $0.16 per share.  These options are granted for a three-year period and the grant is subject to vesting provisions.

The Company expressed regrets that Mr. Jayram Hosanee, Chief Financial Officer has resigned from the Company to pursue his career objectives.  The Board of Directors and Management acknowledged his contributions as a resourceful and strategic thinker and a valuable asset of the management team and wish him the best for his future endeavours.

The Company also wishes to announce that Mr. Michael Zhu will be joining the Company to replace Mr. Hosanee.  Mr. Zhu is a Chartered Accountant with more than 14 years of public companies experience in various Canadian accounting firms.  He has also worked as research analyst for overseas financial institutions.  He graduated from Information & Electronic Engineering department in Zhejiang University with an Optoelectronic Technology major.  The Company is looking forward to the addition of Mr. Zhu to its management team.

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 will accelerate its new gold mining projects with early production opportunities concurrently with attracting a strong management team.

For more information on Mineral Hill Industries Ltd. and its projects, please visit the Company’s website at www.mineralhill.com, 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.