Eaglecrest Samples 16.2 Grams Per Tonne Gold on Surface

VANCOUVER, BC - Eaglecrest Explorations Ltd. reported that a new exploration work has highlighted the Buriti gold target at the San Simon project in Northeastern Bolivia. As part of the on-going district exploration program, a total of 68 surface rock chip samples were collected in November-December 2008 and returned gold values that varied from below detection (0.3 grams per tonne gold) to 16.2 grams per tonne gold. Five of the samples were greater than 1.2 grams per tonne gold. The best gold mineralization is associated with hematite staining and a high-density of thin quartz veins, hosted in quartzite rock.
"These high-grade results from Buriti demonstrate the gold potential for the San Simon district and our ability to generate positive results now that we have time commented to sampling these new zones in the district," comments Eaglecrest's President Hans Rasmussen. "While the gold-mineralized zone remains open to the west, these new results demonstrate there is at least 6 kilometres of continuous gold mineralization that extends from Buriti to Paititi. The story continues to improve as we build our first in-house geologic model of the Paititi zone where 52 core holes were drilled between 1996 and 2000. The in-house model will guide a new drilling program this year to test the Paititi-Buriti zone."
On July 9, 2007, Eaglecrest announced that five new exploration targets had been identified as a result of soil samples collected during that exploration campaign. Four of these new targets are located between the Trinidad and Paititi-Buriti zones, and one is at the Dona Angela plateau. At Paititi soil sample assay results ranged from below detection to 1.57 grams/tonne gold. At Dona Angela, rock chip samples varied from below detection to 9.3 grams/tonne-while soil samples varied from below detection to 1.14 grams/tonne gold. Surface exploration work continues at Dona Angela.
Based on the assay results, as well as observations by the Company's geologists, the Paititi-Buriti zone was given highest priority for follow-up because of its proximity to the Company's existing infrastructure, and it has the strongest, most contiguous gold-arsenic geochemistry in the 2007 soil data set. The Paititi-Buriti zone is now known to be at least six kilometres long east-west, and remains open ended to the west.
The company's address is 1055 West Hastings Street, Suite 300, Vancouver, BC V6E 2E9, 604-684-7160, fax: 604-684-7162, email: [email protected].