updated 10/12/2010 7:45:42 AM ET 2010-10-12T11:45:42

ATLANTA, Oct. 12, 2010 (GLOBE NEWSWIRE) -- OTC Stock Review announces it has initiated coverage of Eaglecrest Explorations Ltd. (TSX-V:EEL) (Pink Sheets:ECRTF) (Frankfurt:EAT), a gold exploration company which has an option on the 150 square kilometer Fredonia project area in the prolific Central Cordillera gold belt in northwest Colombia. Eaglecrest recently announced an additional option to acquire a 75% interest in the mineral title of the 19 square kilometer Venecia Project, also in northwest Colombia, where outcrops have yielded gold assays up to 3.8 grams per tonne. Additionally, Eaglecrest owns 100% of 120 square kilometers of mineral title at the San Simon Gold Project in northeastern Bolivia. Eaglecrest is initiating exploration work in Colombia and has identified three areas at San Simon with open-pit and underground gold resource potential.

As far as mining is concerned, Colombia is a hotbed, and Eaglecrest is there. Colombia has produced about 94 million ounces of gold and was once the largest gold producing country in South America. Colombia is the least explored of the mineral rich Andes Cordillera, even though most major mining companies have a presence there. In 2010, Colombia was rated the 7th best mining jurisdiction by Behre Dolbear, up significantly from 2009. Colombia has a pro-mining government, promoting rapid growth and is ranked highest in Latin America for Investor Protection and 5th in the world by the World Bank. With a modern infrastructure and skilled workforce, investors are showing a great deal of interest in companies with properties in Colombia. In our opinion, Eaglecrest Explorations will give investors reason to celebrate once results from its projects in Colombia start to come in.

The complete report is available at http://www.otcstockreview.com/eel_review.pdf .

Additionally, more information on Eaglecrest Explorations Ltd. is available at http://www.eaglecrestexplorations.com .

NOTE: The purpose of this release is to introduce OTCStockReview.com and Eaglecrest Explorations Ltd. OTC Stock Review is not a Registered Investment Advisor or a Broker/Dealer. Information and opinions presented in this release are solely for informative purposes and not intended as investment advice. This document contains information obtained from public sources about Eaglecrest Explorations Ltd., but does not contain all the relevant material information necessary to evaluate the company. This release is not an offer to buy, sell, hold, and/or otherwise trade in the securities of Eaglecrest Explorations Ltd., as profiled. OTC Stock Review has been compensated ten thousand dollars to perform investor relations services for Eaglecrest Explorations Ltd. and officers, directors, and employees of OTC Stock Review, may hold a long position of a profiled company and may trade in these securities for their own accounts. Carefully review profiled companies with your investment advisor, stockbroker, or other such professional. OTC Stock Review is not liable for any investment decisions by its readers or their advisors. Readers are encouraged to obtain copies of the profiled Company's periodic reports filed with the United States Securities and Exchange Commission, which are generally available at http://www.sec.gov. You can view our complete disclaimer at http://www.otcstockreview.com/disclaimer.htm

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