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Long Harbour Closes Private Placement

Long Harbour Exploration Corp. (TSX VENTURE: LHC) reports that the non-brokered private placement announced in its news releases of March 8th and June 11th, 2011 has closed raising gross proceeds of approximately $361,500 by the issuance of 1,807,500 units. In connection with the offering, the company paid cash finder's fees totaling $12,230 and issued finder's warrants for the purchase of a total of 61,600 common shares of the company with the finder's warrants, which are non-transferable, otherwise having the same attributes as the share purchase warrants issued to investors as part of their units.

A hold period applies to all of the securities issued in the private placement, expiring on November 11, 2011.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.