Eaglecrest Explorations Ltd.

Eaglecrest Explorations Ltd.

January 09, 2007 14:21 ET

Newmont's Former Chief Geologist Joins Eaglecrest's Board

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 9, 2007) - Eaglecrest Explorations Ltd. ("Eaglecrest"; the "Company") (TSX VENTURE:EEL)(FWB:EAT) is pleased to announce that world-renowned geologist, Dr. Odin Christensen, has joined the Company's Board of Directors.

Dr. Christensen worked with Newmont Mining Corporation, one of the world's leading producers of gold, for over twenty years. His most recent position with Newmont was as Chief Geologist-where he was responsible for oversight of the technical quality of Newmont's worldwide geology programs. When he was Exploration Manager for the Carlin Gold Mining Company (later Newmont Gold Company) in the late 1980's, he guided the exploration teams that were responsible for transforming the Carlin Trend from a single mine into the largest gold district in the U.S.-and one of the most prolific gold districts in the world. Throughout Nevada's Great Basin, he was responsible for all of Newmont's geological activities at five separate mines with a staff of ninety geological professionals.

In terms of his international experience, Dr. Christensen was involved with the initial exploration and definition of the world-class Yanacocha gold deposit in Peru and of the Mesel and Batu Hijau gold deposits in Indonesia. Also of significance to Eaglecrest, he spent his last two years at Newmont managing mine geology for the Kori Kollo mine and Bolivian exploration for Newmont Mining.

"Eaglecrest's Board of Directors and technical team are excited to work with Dr. Christensen-both as a consultant and director," commented newly-appointed Company President, Hans Rasmussen. "He is a world-class geologist who has been aware of Eaglecrest's progress at San Simon for several years. Odie's experience with similar gold deposits worldwide, including Brazil, as well as his extensive expertise from Newmont's advanced-stage exploration projects worldwide will prove a tremendous advantage as we focus on delineating high-grade gold shoots at San Simon."

For his part, Dr. Christensen said, "I've known Hans Rasmussen since the 1980's. When he joined Eaglecrest as president, I knew the San Simon project was going to be something worth looking at. After reviewing the most recent drilling and underground exploration results, I wanted to join the Eaglecrest team. I am confident that I can make a significant contribution using my experience from similar deposits in Brazil and Mongolia."

Dr. Christensen holds a PhD in Geology from Stanford. He is an AIPG Certified Professional Geologist and a Qualified Person.

The company has granted Dr. Christensen 300,000 stock options at an exercise price of C$0.27 per share, valid for five years, subject to regulatory acceptance.

Eaglecrest Explorations, Ltd. is an advanced exploration company focused on high-potential gold mineralized regions in Bolivia. Once a discovery is made, Eaglecrest adds value to its projects through methodical exploration and development programs incorporating the knowledge and expertise of top industry professionals.

On behalf of the Board of Directors,

Hans Rasmussen, President, Eaglecrest Explorations Ltd.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

Contact Information