Eagle Hill, Oban, Ryan and Corona Business Combination Receives All Requisite Shareholder Approvals

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 20, 2015) - Eagle Hill Exploration Corporation (TSX VENTURE:EAG) ("Eagle Hill"), Oban Mining Corporation (TSX:OBM) ("Oban"), Ryan Gold Corp. (TSX VENTURE:RYG) ("Ryan") and Corona Gold Corporation (CNX:CRG) ("Corona" and, together with Oban, Eagle Hill and Ryan, the "Parties") are pleased to announce that at their respective special meetings of shareholders held earlier today, the shareholders of each of Eagle Hill, Ryan and Corona voted in favour of the respective special resolutions to approve the arrangement (the "Arrangement") in connection with the proposed business combination pursuant to which Oban will acquire all of the common shares of each of Eagle Hill, Ryan and Corona.

The Arrangement was approved by 99.97% of votes cast by shareholders of Eagle Hill (99.96% after excluding the votes required to be excluded in accordance with the requirements of TSX Venture Exchange Policy 5.9, which adopts Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), 96.08% of the votes cast by shareholders of Ryan (91.89% after excluding the votes required to be excluded in accordance with the requirements of MI 61-101) and 95.75% of the votes cast by shareholders of Corona (89.56% after excluding the votes required to be excluded in accordance with the requirements of MI 61-101).

Eagle Hill is also pleased to announce that shareholders of Eagle Hill voted in favour of the special resolution to approve the proposed continuance (the "Continuance") of Eagle Hill from British Columbia to Ontario under the provisions of the Business Corporations Act (Ontario). The Continuance is a preliminary step to the Arrangement and it is a condition to the implementation of the Arrangement that the Continuance shall have been completed. The Continuance was approved by 99.71% of votes cast by shareholders of Eagle Hill. Following the Eagle Hill meeting, articles of continuance were filed in Ontario, and the Continuance was effected August 20, 2015.

In addition, the shareholders of Oban voted in favour of the ordinary resolution to approve the Arrangement, the proposed concurrent private placement of common shares of Oban ("Oban Shares") to Osisko Gold Royalties Ltd (the "Osisko Private Placement"), and the issuance of the maximum number of Oban Shares and warrants of Oban that may be issued in connection with the Arrangement and the Osisko Private Placement (the "Share Issuance Resolution") as well as a special resolution to approve the proposed consolidation of the Oban Shares on the basis of one post-consolidation Oban Share for each 20 pre-consolidation Oban Shares (the "Consolidation"). The Consolidation was approved by 99.94% of votes cast by shareholders of Oban, and the Share Issuance Resolution was approved by 99.97% of votes cast by shareholders of Oban.