Long Harbour Reports Name Change and Alteration of Private Placement Terms

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 9, 2011) - Long Harbour Exploration Corp. (TSX VENTURE:LHC) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES RESIDENTS

Long Harbour Exploration Corp., formerly Long Harbour Capital Corp., reports that it has changed its name. The company's trading symbol will remain LHC.

Long Harbour also reports the amendment of the terms of the non-brokered private placement described in the company's news release of March 8, 2011. Subject to TSX Venture Exchange approval, gross proceeds of $1,000,000 will be raised by the issuance of 5.0 million units at a price of $0.20 per unit. Each unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one common share at a price of $0.30 in the first year following closing and $0.40 during the second year. The share purchase warrants will not contain an accelerated expiry provision.