SA Southern Arc Minerals Inc

Southern Arc Minerals (TSX VENTURE:SA)(OTCQX:SOACF) ("Southern Arc") today
announced that the Company has agreed to purchase additional shares and warrants
in Eagle Hill Exploration Corporation ("Eagle Hill") (TSX
VENTURE:EAG)(OTCQX:EHECF). Eagle Hill is a Canadian mineral exploration company
focused on the exploration and development of the high-grade Windfall Lake Gold
Deposit, located between Val-d'Or and Chibougamau in Quebec. As part of Eagle
Hill's recently announced non-brokered private placement of $3.5 million (the
"Offering"), Southern Arc has agreed to purchase approximately 3.6 million units
directly from Eagle Hill, and a further 7.5 million units in a structured
transaction involving the issuance of flow-through units to investors, their
donation to charity and subsequent resale by charities to Southern Arc. Southern
Arc has agreed to pay $0.07 per unit, for a total investment of $776,315.72.
Each unit consists of one common share (a "Share") of Eagle Hill and one share
purchase warrant (a "Warrant") of Eagle Hill. Each Warrant entitles Southern Arc
to acquire one Share at a price of $0.10 for a period of two years following
closing of the Offering.


In August 2013, Southern Arc invested $7,324,050 to acquire 97,654,000 shares of
Eagle Hill and 48,827,000 warrants of Eagle Hill exercisable at a price of $0.10
until August 14, 2017. Flowing closing of the current Offering, which is subject
to TSX Venture Exchange acceptance, it is anticipated that Southern Arc will
hold 108,744,226 Eagle Hill shares, representing 23.9% of Eagle Hill's issued
and outstanding shares. It is anticipated that Southern Arc will also hold
59,917,226 Eagle Hill warrants with an average exercise price of $0.10 which, if
all Eagle Hill options and warrants are exercised, would represent a 27.6%
interest in Eagle Hill on a fully diluted basis. Dundee Corporation ("Dundee")
(TSX:DC.A) is also participating in the Offering and has agreed to purchase
approximately 10.7 million units. Upon closing of the Offering, it is
anticipated that Dundee will own 28.9% of Eagle Hill on an undiluted basis, and
28.3% on a fully diluted basis. 


"This further investment underscores Southern Arc's belief that the Windfall
Lake Gold Project continues to be one of the highest-quality resource-stage gold
projects in the world in one of the best mining jurisdictions," said John
Proust, Chairman and Chief Executive Officer of Southern Arc. "Southern Arc's
investment in August 2013 allowed Windfall Lake to be significantly advanced in
2013, upgrading and expanding the mineral resource and confirming continuity of
mineralization both along strike and at depth. We look forward to working with
Dundee Corporation to continue to advance the project in 2014, bringing
additional value to Southern Arc shareholders through this investment."


On behalf of the Board of Southern Arc Minerals Inc. 

John Proust, Chairman & Chief Executive Officer

About Southern Arc

Southern Arc Minerals Inc. is a Canadian mineral exploration company focused on
gold and copper-gold exploration. The Company is advancing two properties in
Indonesia: West Lombok, a resource-stage property with several gold-rich copper
porphyry and epithermal gold vein prospects, and East Elang, a grassroots
exploration property that will be advanced in partnership with Vale
International SA. Southern Arc also owns 25% of Eagle Hill Exploration, which
owns the high-grade Windfall Lake Gold Project in Quebec, Canada. More
information is available at www.southernarcminerals.com. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as such
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


Cautionary Note Regarding Forward-looking Statements

This document contains certain forward-looking information and forward-looking
statements within the meaning of applicable securities legislation (collectively
"forward-looking statements"). The use of any of the words "has agreed", "will",
"is subject", "look forward", and similar expressions are intended to identify
forward-looking statements. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events to
differ materially from those anticipated in such forward-looking statements.
Such forward-looking statements should not be unduly relied upon. This document
contains forward-looking statements and assumptions pertaining to the ability of
Eagle Hill to close the Offering; the granting of regulatory approval; and the
timing of receipt of regulatory approvals. Actual results achieved may vary from
the information provided herein as a result of numerous known and unknown risks
and uncertainties and other factors, including uncertainty related to market
conditions that prevent Eagle Hill from closing the Offering on acceptable terms
or at all; and global financial market events that cause significant volatility.
Readers are cautioned that the foregoing list of factors is not exhaustive. The
forward-looking statements contained in the document are expressly qualified by
this cautionary statement. These statements speak only as of the date of this
document and the Company does not undertake to update any forward-looking
statements that are contained in this document, except in accordance with
applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Southern Arc Minerals Inc.
Rhylin Bailie
Vice President, Communications & Investor Relations
604-676-5241
info@southernarcminerals.com
www.southernarcminerals.com

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