Eaglewood Energy Inc.
TSX VENTURE : EWD

Eaglewood Energy Inc.

December 01, 2010 14:50 ET

Eaglewood Energy Inc.: News Release

CALGARY, ALBERTA--(Marketwire - Dec. 1, 2010) - Eaglewood Energy Inc. (the "Corporation") (TSX VENTURE:EWD) announces it has issued an aggregate of 1,090,000 options to its directors, officers, and employees pursuant to its stock option plan, of which 700,000 were granted to directors and officers. The options have an exercise price of $0.80 per share and will expire on November 30, 2015. The stock option grant is subject to regulatory approval. The Corporation has determined that exemptions from the various requirements of TSX Venture Exchange Policy 5.9 are available for the grant of stock options to each of the individuals. The Corporation has further determined that an exemption from the various requirements of Multilateral Instrument 61-101 is available as the fair market value of the grant of options is less than 25% of the market capitalization of the Corporation.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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