Company [EGOH] acquires the Frank Farm lease in Venango County, Pennsylvania

Eagle Oil Holding Company (OTC:EGOH) acquires the Frank Farm
lease in Venango County, Pennsylvania

Connie Helwig, sole director of Eagle Oil Holding Company, is pleased to
announce that, simultaneously with her appointment as a director of the
corporation, Ms. Helwig orchestrated, on Eagle's behalf, the purchase of the
Frank Farm lease from Drake Gold Resources Inc (OTC:DKGR) as a replacement for
the Siler Lease that it no longer owns. A combination of restricted stock and a
convertible note were given as consideration for the lease in addition to Eagle
Oil being bound by the terms that Drake Gold originally entered into for the
purchase of the lease with the previous lease owner.

The lease holds 12 wells on 50 acres. Eagle Oil's intention is to rework the 12
wells and drill additional wells.

Ms. Helwig states the following, "I look forward to developing the lease
in its entirety to the benefit of all shareholders. Our website will soon
reflect this asset."

More news releases will be forthcoming.

Forward- Looking
Statements

Safe Harbor Statement: This press release contains
forward-looking statements that reflect the Company's current expectation
regarding future events. Actual events could differ materially and
substantially from those projected herein and depend on a number of factors.
Certain statements in this release, and other written or oral statements made
by Eagle Oil Holding Co.are ?forward-looking
statements? within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. You should not place undue
reliance on forward-looking statements since they involve known and unknown
risks, uncertainties and other factors which are, in some cases, beyond the
Company's control and which could, and likely will, materially affect actual
results, levels of activity, performance or achievements. The Company assumes
no obligation to publicly update or revise these forward-looking statements for
any reason, or to update the reasons actual results could differ materially
from those anticipated in these forward-looking statements, even if new
information becomes available in the future. Important factors that could cause
actual results to differ materially from the Company's expectations include,
but are not limited to, those factors that are disclosed under the heading
"Risk Factors" and elsewhere in documents filed by the Company from
time to time with the United States Securities and Exchange Commission.