Eaglecrest Explorations Ltd.
TSX VENTURE : EEL
FRANKFURT : EAT

Eaglecrest Explorations Ltd.

February 04, 2010 16:15 ET

Eaglecrest Grants Incentive Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 4, 2010) - Eaglecrest Explorations Ltd. ("Eaglecrest"; the "Company") (TSX VENTURE:EEL)(FRANKFURT:EAT) today announced that it has today granted, subject to regulatory approval, incentive options for the purchase of a total of 1,735,000 shares in its capital. Of the options granted, 100,000 are exercisable on or before January 19, 2012 at the price of $0.60 per share, being the closing price of the Company's shares on the TSX Venture Exchange on the trading day immediately preceding the date of this press release. The balance of the options were granted to directors and officers of the company and are exercisable on or before January 19, 2015 at the price of $0.60 per share, being the closing price of the Company's shares on the TSX Venture Exchange on the trading day immediately preceding the date of this press release.

About Eaglecrest

Eaglecrest Explorations Ltd.'s mandate is to increase shareholder value by employing deep expertise both at the Board level and on the ground to systematically explore, develop and monetize promising gold projects in Colombia and Bolivia.

Eaglecrest is utilizing management's extensive experience with major mining companies to acquire and explore strategic gold and gold-copper projects in the central Cordillera of Colombia. The first of these projects includes the newly acquired 18,000-hectare Fredonia project area, which is located in a prolific Central Cordillera gold belt 40 kilometers south of Medellin.

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

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