Mineral Hill Industries Ltd. (TSXV:MHI) wishes to announce that it has now negotiated the terms of its future Right of First Refusal ("ROFR") for the acquisition of an additional 8% of the outstanding shares of CPS Energy Resources PLC to bring it majority and control in development in the OPL-236 project. Mineral Hill had announced that it had received the "Right of First Refusal" from an additional 2 Shareholders of CPS, representing 8% of CPS's outstanding shares. Mineral Hill had secured the second phase of funding for the development of the OPL-236 project through a significant eight-year USD Zero-coupon bond issue, on the assumption that the Company would eventually exercise its irrevocable ROFR to acquire the additional 8% of CPS.