Eaglecrest Explorations Ltd.

Eaglecrest Explorations Ltd.

June 08, 2009 13:01 ET

Eaglecrest Continues Expansion of the High-Grade Gold Zone at Paititi-Buriti, San Simon Project, Bolivia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 8, 2009) - Eaglecrest Explorations Ltd. ("Eaglecrest"; the "Company") (TSX VENTURE:EEL)(FRANKFURT:EAT) is pleased to report the expansion of surface high-grade gold zones at the Buriti gold target at the San Simon project in Northeastern Bolivia. Rock chip assay results from samples in this zone varied from below detection to 10.85 grams per tonne gold. Fifteen samples had results greater than 0.5 grams per tonne gold with eight samples returning greater than 1 gram per tonne gold.

The Buriti zone is at the west end of the east-west Paititi to Buriti trend (see www.eaglecrestexplorations.com/Paititi-Buriti_June2009.pdf). From the high-grade zone that was sampled and announced in our prior news release (see January 14, 2009 news release), new surface mapping and sampling has extended the Buriti zone 300-metres to the north, making the zone at least 300-metres wide. Similarly, the Paititi zone, on the east end of the same trend, is at least 200-metres wide where artisanal miners over the past 20 years have exposed gold-bearing mineralization in a small open pit.

"These high-grade gold results continue to expand the surface expression of the Buriti stockwork-vein gold mineralization," comments Eaglecrest's President Hans Rasmussen. "While the gold-mineralized zone remains open to the west, these new results demonstrate there is at least seven kilometres of gold mineralization that extends from Paititi westward to Buriti. Our ground crews continue to work on evaluating this zone - every new trench and rock chip sample continues to strengthen our belief that we are over a large mineralized zone; perhaps the best in the San Simon district for a future open-pit gold resource. Ultimately, the mapping and sampling from outcrop and trench exposures will be used to prioritize multiple zones along this Paititi-Buriti trend for drilling once adequate funds are secured later this year."

As part of the on-going district-wide exploration program described in the Company's October 20, 2008 news release, a total of 268 surface rock chip samples were collected in early 2009. Of these, 160 were collected along the mineralization trend that extends from the Paititi pit westward to an area of outcropping mineralization called Buriti. Based on these new results, as well as samples collected east of Paititi, the zone now has about seven kilometres of strike length east-west. More significant, zones of alteration-mineralization within the trend near Buriti are now known to be up to 300-metres wide as announced above, based on surface rock chip, trench and soil sample data. More trenching and rock chip sampling is necessary along the zone as there may be additional wide, mineralized zones that will be significant drill targets.

The Paititi-Buriti zone was given highest priority for follow-up because of its proximity to the Company's existing infrastructure, and it has the strongest, most contiguous gold-arsenic geochemistry in the 2007 soil data set (refer to news release dated July 9, 2007). Paititi-Buriti soil sample assay results ranged from below detection to 1.57 grams/tonne gold.

From 1996 to 2002, two prior management teams had explored the Paititi area and spent considerable exploration funds doing surface soil sampling, rock chip sampling, trenches, core drilling and underground bulk sampling. All of the historic data that is useful for our present program has been digitized and incorporated into our exploration models. Additionally, we have completed an in-house geologic model using the 52 holes that were drilled at Paititi. The new model will assist in expanding gold mineralization that was drilled at Paititi.

All soil and rock chip samples taken in 2007 were prepared at the Company's on-site assay laboratory, operated by Analab SA of Peru. Soil samples were passed through an 80-mesh screen and the fine fraction was shipped to ACME Laboratories in Vancouver. At ACME, sample splits of 0.5 grams were analyzed for 30 elements using ICP-MS analysis with a detection limit for gold of 0.5 parts per billion. Rock chip samples taken in 2008 were analyzed at the company's onsite fire assay laboratory where the detection limit is 0.3 grams per tonne gold. Samples taken in 2009 were prepared in the on-site sample preparation laboratory and then shipped to ALS Chemex in Vancouver for analysis. At ALS Chemex a 30-gram split of the sample is used for gold analysis, by fire assay and AAS, for a detection limit of 0.5 parts per billion. The ICP-AES technique is used to analyze for 41 additional elements.

The technical information in this news release has been reviewed and approved by Dr. Odin Christensen, a technical consultant and Eaglecrest board member, who is a Qualified Person in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

On behalf of the Board of Directors,

Hans Rasmussen, President, Eaglecrest Exploration Ltd.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS: This news release concerns certain "forward-looking statements," including but not limited to, the statements regarding the Company's strategic plan, work programs and exploration budgets at the Company's San Simon Project. The forward-looking statements express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with industry risks, risks associated with foreign operations, environmental risks and hazards and other risks.

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