Eagle Rock Exploration Ltd.

Eagle Rock Exploration Ltd.

April 26, 2007 09:00 ET

Eagle Rock Announces New Appointments and Stock Options Grants

CALGARY, ALBERTA--(CCNMatthews - April 26, 2007) - Eagle Rock Exploration Ltd. (TSX VENTURE:ERX) ("ERX" or the "Company") announces that the board of directors of Eagle Rock has approved the granting of incentive stock options under its stock option plan to certain of its directors, officers, employees and consultants to acquire up to an aggregate of 550,000 common shares of Eagle Rock (the "Options"). All of the Options are exercisable for a period of 5 years at price of $0.50 per share and vest over a 24 month period.

Eagle Rock also announces the appointment of Mr. Ron Chapman as Vice President, Engineering. Mr. Chapman brings 18 years of industry experience to his new position and has been instrumental in developing the Coutts/Red Coulee project.

In addition the Company announces that it has entered into an investor relations contract with Stirling Investor Relations. Pursuant to this agreement Stirling will provide investor relations services including the enhancement of Eagle Rock's profile among the investment community. Subject to regulatory approval, Stirling has been retained for an initial term of three months and, thereafter, on a month to month basis. Its remuneration will be $4,000 per month plus a stock options exercisable into 40,000 common shares over a period of 5 years at an exercise price of $0.55 per share, vesting over a 24 month period.

Eagle Rock Exploration Ltd. is a publicly traded energy company involved in the exploration and development of low to medium risk oil and gas properties in Western Canada.

Eagle Rock Exploration Ltd. Trades on the TSX Venture Exchange under the symbol ERX.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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