Southern Arc and Dundee Corporation Complete $12 Million Strategic Investment in Eagle Hill Exploration Corporation

Southern Arc Minerals Inc. (TSX VENTURE:SA)(OTCQX:SOACF) ("Southern Arc" or "the
Company") is pleased to announce that it has received shareholder approval to
complete a strategic investment and acquire a 26.14% interest in Eagle Hill
Exploration Corporation ("Eagle Hill") (TSX VENTURE:EAG), as previously
announced on July 11, 2013. Southern Arc invested $7,324,050 to acquire
97,654,000 units of Eagle Hill by way of private placement at a price of $0.075
per unit. Each unit comprises one common share of Eagle Hill and one half share
purchase warrant, with each whole warrant entitling the holder to acquire a
further common share of Eagle Hill at a price of $0.10 per share for a period of
four years. Should Southern Arc choose to exercise all of its warrants, the
Company would hold a 30.74% interest in Eagle Hill on a fully diluted basis, and
be the company's largest shareholder. 


Dundee Corporation (TSX:DC.A) also participated in the private placement by
investing $4,675,950 to acquire an additional 62,346,000 units of Eagle Hill,
thereby increasing its ownership of Eagle Hill from 18.8% to 26.14%.


Following Eagle Hill's annual general meeting and Board meeting, the Eagle Hill
Board of Directors comprises five directors: John Proust - Chairman, Dr. Michael
Andrews, David Christie, Carl Calandra and Robert Parsons. Bradley Kitchen and
Gerald Ruth have stepped down from the Board. Mr. Kitchen and Mr. Ruth have been
Eagle Hill directors since 2006 and 2010, respectively, and their contributions
are appreciated.


Eagle Hill's Board of Directors subsequently made the following management
appointments:




John Proust - Interim CEO                                                   
Dr. Michael Andrews - Interim President                                     
Brian Richardson - Interim CFO                                              
Dr. Jean-Philippe Desrochers - Vice President, Exploration                  
Celeste Curran - Vice President, Corporate & Legal Affairs                  
Rhylin Bailie - Vice President, Communications & Investor Relations         
Eileen Au - Corporate Secretary                                             



Eagle Hill's Board of Directors promoted Dr. Jean-Philippe Desrochers to the
position of Vice President, Exploration. Dr. Desrochers has been overseeing the
Windfall Lake property since 2005. He joined Eagle Hill as Chief Geologist in
2010 and has been instrumental in the development of Eagle Hill's mineral
resource. Technical representatives from Southern Arc and Dundee will work with
Dr. Desrochers to plan and execute an exploration program for the Windfall Lake
Gold Project. Current plans for the property include a $5 million exploration
program with the objective of expanding the existing resource. More information
regarding exploration and development plans will be provided shortly.


The Eagle Hill Board of Directors will conduct an executive search to
permanently fill the positions of CEO, President and CFO.


"Eagle Hill is now well funded, with the technical and business expertise
required to unlock the full potential of the Windfall Lake Gold Project," said
John Proust, Chairman and CEO of Southern Arc. "Windfall Lake is exactly the
type of property we've been looking for. It's high-grade, has a substantial
resource that's open for expansion, and is located in a well-recognized
mining-friendly jurisdiction. We look forward to commencing drilling in
September and working with Dundee and Eagle Hill to rapidly developing the
property."


On behalf of the Board of Southern Arc Minerals Inc.

John Proust, Chairman & Chief Executive Officer

About Southern Arc Minerals

Southern Arc Minerals Inc. is a Canadian mineral exploration company focused on
gold and copper-gold exploration. The Company's key exploration property is its
West Lombok project, with several gold-rich copper porphyry and epithermal gold
vein prospects. Southern Arc is listed on the TSX Venture Exchange under the
symbol SA and on the OTCQX International under the symbol SOACF. More
information is available at www.southernarcminerals.com or by emailing
[e-mail]. 


About Dundee Corporation

Dundee Corporation is a Canadian holding company listed on the TSX under the
symbol "DC.A". Through its operating subsidiaries, including Goodman & Company,
Investment Counsel Inc., Dundee is engaged in diverse business activities in the
areas of its core competencies, including investment advisory, corporate finance
and private equity investment in real estate and infrastructure, energy,
resources and agriculture. Dundee holds, directly and indirectly, a portfolio of
investments mostly in these core areas, as well as other select investments in
both publicly listed and private companies.


About Eagle Hill Exploration 

Eagle Hill Exploration Corporation 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. Southern Arc
Minerals and Dundee Corporation each hold a 26.14% interest in Eagle Hill and
recently invested an aggregate of $12 million to fund an aggressive exploration
program. More information is available on Eagle Hill's website at
www.eaglehillexploration.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 "will", "plan",
"objective", "unlock" 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 following:
uncertainty involving resource estimates and the ability to extract those
resources economically, or at all; uncertainty involving drilling programs and
the Company's ability to expand and upgrade existing resource estimates; the
regulatory process and actions; the need to work with local communities and
authorities to advance the properties; the need to work with Dundee and Eagle
Hill to advance the properties; technical issues; new legislation; competitive
factors and conditions; uncertainties resulting from potential delays or changes
in plans; the occurrence of unexpected events; and the Company's ability to
execute and implement future plans. 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 drill results
and the inclusion of drill results in future resource estimates for the
property. The Company believes the expectations reflected in those
forward-looking statements are reasonable, but no assurance can be given that
these expectations will prove to be correct. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Southern Arc Minerals Inc.
Rhylin Bailie
Vice President, Communications & Investor Relations
North American toll-free: 1-888-676-5241
[e-mail]
www.southernarcminerals.com