Eaglecrest Explorations Ltd.

Eaglecrest Explorations Ltd.

October 18, 2006 14:23 ET

Eaglecrest Explorations Ltd.: Second Shipment of Gold Flotation Concentrate Sent to Penoles in Mexico

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 18, 2006) - Eaglecrest Explorations Ltd. (TSX VENTURE:EEL)(FWB:EAT) is pleased to report that the Company airfreighted its second high grade gold flotation concentrate shipment to Penoles smelter (Met-Mex Penoles S.A. de CV) in Mexico on September 22, 2006. The 1.4 tonne shipment contains approximately 156 ounces of gold (111.3 ounces per tonne). The high grade gold flotation concentrate was produced by processing bulk samples taken as part of the underground bulk sampling program in the Company's on-site gold recovery plant on the San Simon project in northeast Bolivia between mid June and mid September 2006.

Eaglecrest's high grade gold flotation concentrate sales contract with Penoles will generate revenue for the Company equal to approximately 96% of the 30-day average gold price commencing on the arrival date of the gold concentrate in Mexico. The net revenue to the Company after airfreight charges and Bolivian royalties will be approximately 85% of the 30-day average gold price.

The Company anticipates sending a third shipment of high grade gold flotation concentrate to Mexico before the end of the year. During the last weeks of September 2006, the underground bulk sampling program has produced an additional 186.2 kilo of high grade gold flotation concentrate containing approximately 28.5 ounces of gold (150.1 ounces per tonne).

Eaglecrest's underground bulk sampling program with processing of those samples in the on-site gold recovery plant to produce high grade gold flotation concentrate is ongoing.

Eaglecrest Explorations Ltd.'s Project Manager, Tor Bruland, who is a Qualified Person as defined by National Instrument 43-101, has prepared, reviewed and approved the technical information in this news release.

Tor Bruland, P. Geo. (B.C.) and Don Allen, P. Eng. (B.C.) (Eaglecrest Explorations Ltd.'s Chief Geologist) are supervising the diamond drilling and the underground exploration, development and bulk sampling program. The gold recovery plant and the fire assay laboratory, which is independently operated by Analab, are under the overall supervision of Independent Consultant Gary Hawthorn. P. Eng. (B.C.). All are Qualified Persons under the Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects.

On behalf of the Board of Directors,

Carl A. Erickson, President, Eaglecrest Exploration Ltd.

Additional information on the company's project is available on our website www.eaglecrestexplorations.com, the SEDAR website (securities related information electronic filed with the Canadian securities regulatory authorities) www.sedar.com or by contacting Paul Zdebiak at 604-687-7272 or by E-Mail: eel.tsxv@telus.net.

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

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