Long Harbour Announces Non-Brokered Private Placement

LONG HARBOUR EXPLORATION CORP. (TSX VENTURE:LHC) (the "Company") is pleased to
announce that it is undertaking a non-brokered unit private placement at a price
of $0.15 per unit, for gross proceeds of up to $500,000. Each unit will consist
of one common share and one-half share purchase warrant. Each whole warrant will
entitle the holder to acquire an additional common share for $0.30 per share
over an 18-month period.


Finders' fees by way of cash and/or finders' warrants may be paid in accordance
with applicable regulatory policies. The private placement is subject to
regulatory approvals.


Proceeds from the private placement will be used to strengthen the Company's
balance sheet and for transaction costs associated with the proposed business
(the "Business") with Composite Transport Technologies ("CTT").


The $0.15 unit will allow investors to receive one share in the Company, which
expects to complete a change of business in connection with the Business, as
well as a share in the Company's two wholly owned uranium properties. The
uranium properties are expected to be placed into a separate company prior to
the change of business.


As highlighted in a November 21, 2012 news release, the Business will focus on
the development and manufacturing of all composite cargo containers (unit load
devices or "ULD's") for the aviation industry. The ULD's are 50% lighter,
approximately 3.5x stronger and display superior fire resistance qualities
versus those currently utilized. Leveraging strong networks, scientific
expertise and longstanding relationships within the aviation cargo industry the
Business' plans are to achieve certification, patent approval and revenues
within a year of operations.


About Long Harbour Exploration

Long Harbour Exploration currently holds two uranium properties in the Athabasca
Basin, the world's leading source of high-grade uranium, and has entered into a
letter of intent to form a business with CTT for the development and
manufacturing of composite cargo containers. As news released November 21, 2012,
Long Harbour will hold 70% of the Business. Subject to TSX-V approval, the
Company plans to complete a change of business for the Company.


Cautionary Statement Regarding "Forward-Looking" Information

Some of the statements contained in this news release are forward-looking
statements and information within the meaning of applicable securities laws.
Forward-looking statements and information can be identified by the use of words
such as "expects", "intends", "is expected", "potential", "suggests" or
variations of such words or phrases, or statements that certain actions, events
or results "may", "could", "should", "would", "might" or "will" be taken, occur
or be achieved. Forward-looking statements and information are not historical
facts and are subject to a number of risks and uncertainties beyond the
Company's control. Actual results and developments are likely to differ, and may
differ materially, from those expressed or implied by the forward-looking
statements contained in this news release. Accordingly, readers should not place
undue reliance on forward-looking statements. The Company undertakes no
obligation to update publicly or otherwise revise any forward-looking
statements, except as may be required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Long Harbour Exploration Corp.
Peter Espig
CEO
778-385-1213
[e-mail]
www.longharbourexploration.com