Eaglecrest Explorations Ltd.

Eaglecrest Explorations Ltd.

January 04, 2007 19:07 ET

Eaglecrest Names New Company President

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 4, 2007) - Eaglecrest Explorations Ltd. ("Eaglecrest"; the "Company") (TSX VENTURE:EEL)(FWB:EAT) announced today that company Chief Operating Officer, Mr. Hans Rasmussen, M.Sc., has accepted the position of president of the Company effective January 1st, 2007.

"I am excited to accept the presidency of Eaglecrest," commented Mr. Rasmussen. "The San Simon plateau is a geologically promising site. Its structure is similar to some of the richest deposits in the world. I look forward to helping the technical team focus on the very encouraging high-grade gold shoots we've recently discovered and confirmed through our underground bulk sampling program. I also plan on bringing in some other highly experienced experts to augment our fine technical team-scientists with expertise specifically in this type of deposit. I am confident that, in the coming year, we will increase shareholder value."

Mr. Rasmussen, who recently joined Eaglecrest's Board of Directors, is an exploration geophysicist/geologist with B.Sc.'s in geology/physics, a M.Sc. in geophysics, and twenty-two years experience in North and South America. He has been responsible for conducting and managing exploration, commercial transactions and investor relations. Highlights of his prior employment include four years with Newmont Exploration, twelve years with the Kennecott/Rio Tinto group, including three years as Country Manager of Argentina and Bolivia, and most recently, he has worked as a chief geophysicist for White Knight Resources, Ltd.

The Company would like to thank outgoing president Mr. Carl A. Erickson for his commitment and expertise. Mr. Erickson will remain as a consultant to the Company but has resigned from his position as a member of the Eaglecrest Board of Directors.

Mr. Rasmussen will be issued 1.7 Million stock options at an exercise price of C$0.27 per share, valid until January 1, 2009. The company has also issued to other officers and consultants of the company 2.0 Million stock options at an exercise price of C$0.27 per share.

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,

Paul Zdebiak, Director, Eaglecrest Exploration Ltd.

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

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