Eaglecrest Completes Seventh Gold Concentrate Shipment From San Simon Project

VANCOUVER, BRITISH COLUMBIA, Mar 31 (MARKET WIRE) --
Eaglecrest Explorations Ltd. (TSX VENTURE: EEL)(FRANKFURT: EAT) today
announced it has completed its seventh gold concentrate shipment. The
shipment has been received by the Met-Mex Penoles S.A. de CV smelter in
Torreon, Mexico. The concentrates were produced at the onsite bulk
sampling mill at Eaglecrest's San Simon project.

The 1.28 tonne shipment contains approximately 122 ounces of gold at a
grade of 95 ounces per tonne. Based on average mill feed grades of the
individual bulk samples, the concentrates represent a weighted-average
recovery of 92.5%. The shipment includes clean-up material and some
partial lots in addition to concentrates that represent 64 bulk samples
totaling 1619 tons, which were extracted July and August, 2007 in the
run-up to the trial stoping program, at an average grade of 2.6
grams/tonne.

"This gold concentrate shipment was produced from material extracted
within the L463 gold shoot," said Hans Rasmussen, President and COO. "The
production of the concentrate and the significant recovery has
demonstrated that non-optimized standard flotation is effective in
extracting gold in the Dona Amelia zone. The sale of these concentrates
is used to offset some of our overall exploration costs at San Simon.
Additionally, the subsequent stoping program in the L463 gold shoot has
provided valuable information about different underground mining
techniques and the distribution of gold in these shoots."

The agreement with Penoles provides for Eaglecrest to receive payment for
approximately 95% of the gold value in the concentrate. The settlement
gold value is based on the average London spot gold price per ounce for
the month following the arrival of the shipment to the smelter. After
shipping costs and royalty payments to the Bolivian government, the
company's net receipts are approximately 84% of the gold value in the
concentrate.

The bulk sampling plant, which has been placed on care and maintenance
with the discontinuance of the bulk sampling program while the company
focuses toward the goal of establishing a NI 43-101 compliant gold
resource, and the fire assay laboratory (which is independently operated
by Analab) are under the overall supervision of Independent Mineral
Processing Consultant Gary Hawthorn, P. Eng. (B.C.) who is a Qualified
Person under NI 43-101. Eaglecrest's exploration program is overseen 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. He has reviewed and
approved the technical information in this news release.

On behalf of the Board of Directors,

Hans Rasmussen, President, Eaglecrest Explorations Ltd.

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 in the Precambrian Amazon Basin 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 the Company's website, at
www.eaglecrestexplorations.com and at www.sedar.com.

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.

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

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

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

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