Mineral Hill Industries Ltd V.MHI

ASCOT MINING PLC and MHI.....

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Mineral Hill Industries Ltd. - News Release

 Trading Symbols:  

TSX Venture Exchange: MHI  

Frankfurt Stock Exchange: N8Z/WKN: AODLHP  

Pink Sheets: MHIFF

VANCOUVER, May 18/CNW/ - Mineral Hill Industries Ltd. (the "Company" or "MHI") announcesthat the Company and Ascot Mining plc ("Ascot") have agreed to giveeach other access to information on their respective properties andaffairs and to engage in discussions for a limited period of time inorder to determine whether there is a mutually acceptable basis forpursuing a business transaction. Ascot is a UK company listed on the London PLUS market and the Frankfurt 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 2010.

About Mineral Hill Industries Ltd.

Mineral Hill Industries Ltd. is a Canadian based mineral explorationand development company trading on the TSX Venture Exchange (MHI), the FrankfurtExchange (N8Z/WKN: AODLHP), and the OTC Pink Sheets (MHIFF). MineralHill has accumulated a diversified portfolio of quality lithium andprecious metal properties in Canadaand the USA. The Company's primary focus is on developing its three100%-owned hard-rock lithium carbonate exploration projects in Quebec, Canada,its brine lithium property in Nevada, USA, as well as its PraxisGoldfields Project in Northern BC. Mineral Hill recently completed andfiled a NI 43-101 Technical Report on three prospects located near Vald'Or, Quebec which confirmed elevatedLi2O concentrations. Following completion of the NI 43-101 TechnicalReport, Mineral Hill is evaluating the next stage of development forits Quebec lithium prospects in 2010which will include drilling and expanded exploration. MHI intends tocontinue developing and completing the NI 43/101 report on its 100%owned Praxis Goldfields Property located in British Columbia.

Neither the TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of thisrelease.

For further information: on Mineral Hill Industries Ltd. and its projects visit the Company's website at www.mineralhill.comor contact: John Punzo, President, Mineral Hill Industries Ltd.,Telephone: [phone]; Michael Johal, Mineral Hill Industries Ltd.,Tel: [phone], [e-mail]; Investor Relations, Senergy Communications, Shiro Rae, Tel: [phone], [e-mail]