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Eaglecrest Explorations Ltd

Publié le 29 avril 2008

Reports Highest Gold Grade Thickness in Company's History

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Eaglecrest Explorations Ltd.
TSX VENTURE:EEL
FRANKFURT:EAT
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April 29, 2008
Eaglecrest Reports Highest Gold Grade Thickness in Company's History
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2008) - Eaglecrest Explorations Ltd. (TSX VENTURE:EEL)(FRANKFURT:EAT) today reported the highest gold grade-thickness interval in the company's drilling history at the San Simon project in northeastern Bolivia from one of the two final drill holes in its current drilling program.

Hole dh327 was recently completed in the L484 gold shoot as part of Eaglecrest's drill program and returned an estimated true thickness of 3.7 meters of 27.8 grams/tonne gold, for and a grade-thickness product of 103 gram-metres/tonne (27.8 grams/tonne multiplied by 3.7 metres), which is the best grade-thickness interval in the company's history at San Simon.

Eaglecrest's drilling program has been focused on the L484 and San Pedro West high-grade gold shoots, which are located in the Dona Amelia zone. A complete table of the diamond drill hole assay results is posted on the Company's website at www.eaglecrestexplorations.com. A three-dimensional presentation of all drill hole results can be viewed at www.corebox.net/properties/san_simon/.

"The fact that hole dh327 returned the highest gold grade-thickness interval in San Simon's history speaks to the high-grade gold potential of the L484 gold shoot and the other shoots that remain to be drilled in the Dona Amelia zone," said Hans Rasmussen, President and Chief Operating Officer. "We are generating these drill results while we build our first in-house 3D geologic model. The model will enable us to better understand the distribution of gold at San Simon and lead to more efficient infill drilling and exploration aimed at adding gold ounces to the model."

Eaglecrest also announced that it is in the process of purchasing the two diamond drill rigs. "Owning the drills will give the Company more flexibility and help our drilling program be more cost-effective," said Mr. Rasmussen


---------------------------------------------------------------------------
                                                      Gold
Drill                        Interval  Interval      grade
Hole #       From(i)   To(i) length(i)  width(i)  (g/tonne)  Area
---------------------------------------------------------------------------
dh326        147.80  148.75      0.95       0.7        1.3   San Pedro West
---------------------------------------------------------------------------

---------------------------------------------------------------------------
dh327        336.05  336.50      0.45       0.4        1.6   L484 shoot
---------------------------------------------------------------------------
 and         339.40  343.65      4.25       3.7       27.8   "
---------------------------------------------------------------------------
  includes   341.00  343.00      2.00       1.7       57.1   "
---------------------------------------------------------------------------
 and         346.02  347.00      0.98       0.9        1.0   "
---------------------------------------------------------------------------

(i) from, to, length, and width in this table are expressed in metres;
    width represents approximate true thickness. Assay intervals shown here
    use a cutoff grade of 1 gram/tonne gold.
 
The technical information in this News Release has been reviewed and approved by Dr. Odin Christensen, a technical consultant and Eaglecrest board member, who is a Qualified Person in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. The drill core samples were prepared at the on-site fire assay laboratory that is independently operated by Analab S.A. of Peru and is under the overall supervision of Gary Hawthorn, a Mineral Processing Engineer and a Qualified Person under NI 43-101.

About Eaglecrest

Eaglecrest Explorations Ltd. is conducting an advanced exploration project on its San Simon gold property in Bolivia. Eaglecrest controls mineral rights that cover nearly 300 square kilometres on the San Simon Plateau, situated on the Precambrian shield in northeast Bolivia. Eaglecrest's mandate is to increase shareholder value by employing strong technical expertise, both at the Board level and on the ground, to systematically explore and develop San Simon. Additional information is available at www.sedar.com and at the Company's website, www.eaglecrestexplorations.com.

On behalf of the Board of Directors,

Hans Rasmussen, President, Eaglecrest Exploration Ltd.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS: This news release concerns certain "forward-looking statements", including but not limited to, the statements regarding the Company's strategic plan, work programs and exploration budgets at the Company's San Simon Project. The forward-looking statements express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with industry risks, risks associated with foreign operations, environmental risks and hazards and other risks.

CONTACT INFORMATION:

Eaglecrest Explorations Ltd.
Paul Zdebiak
(604) 687-7272
Email: info@eaglecrestexplorations.com
Website: www.eaglecrestexplorations.com

or

Barnes McInerney Inc.
Daniel Weinerman
(416) 367-5000 ext. 248
Email: dweinerman@barnesmcinerney.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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Eaglecrest Explorations Ltd

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Eaglecrest est une société développant des projet miniers d'or basée au Canada.

Eaglecrest détient divers projets d'exploration en Bolivie et en Colombie.

Ses principaux projets en exploration sont SAN SIMON en Bolivie et FREDONIA en Colombie.

Eaglecrest est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 7,6 millions CA$ (6,0 millions US$, 5,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 09 mai 2008 à 9,80 CA$, et son plus bas niveau récent le 26 février 2016 à 0,04 CA$.

Eaglecrest possède 39 760 000 actions en circulation.

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09/07/2007(San Simon/ San Simon) Five New Target Gold Zones Discovered at San Simon
08/05/2007Infill Drilling Intersects High Grade Gold in L463 Shoot
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15/02/2011Changes Name to Colombia Crest Gold Corp.
18/08/2010Acquires Colombian Property
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08/04/2008Drills 9.3 Metres of 10.5 Grams Per Tonne Gold
31/03/2008 Completes Seventh Gold Concentrate Shipment From San Simon ...
03/03/2008Drills 9.65 Metres of 7.9 Grams Per Tonne Gold
28/11/2007 Announces Improvement of Gold Grades in Underground Bulk Sa...
27/11/2007 Increases San Simon Land Holdings
31/07/2007Hires Barnes Mcinerney for Investor relations Consulting
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