EACOM Timber Corporation Announces Proposed Private Placement

VANCOUVER, BRITISH COLUMBIA, Aug 17 (MARKET WIRE) --
EACOM Timber Corporation (NEX: ETR.H) today announced the Company has
entered into an agreement and filed a notice of proposed share issuance
with the TSX Venture Exchange (NEX) for a non-brokered, private placement
of 10,000,000 Units for proceeds of $800,000. The Company intends to use
the proceeds to pursue asset acquisitions in the forestry sector and for
general corporate purposes.

Each Unit consists of one common share and one warrant to purchase a
common share and the Units are priced at $0.08 per Unit. Each Warrant
entitles the holder to acquire one common share for a price of $0.25 up
until the first anniversary of the private placement closing. The
Warrants will not be eligible for listing.

This offering is subject to regulatory approval.

Statements in this news release other than historical information are
forward-looking statements subject to risks and uncertainties. Actual
results could differ materially depending on factors such as the
availability of resources, the timing and effects of regulatory actions,
the strength of competition, the outcome of litigation and potential for
acquisition transactions. Additional information regarding risks and
uncertainties is set forth in the current MD&A for EACOM Timber
Corporation on file with the Canadian Securities Commissions.

The
TSX Venture Exchange (NEX) does not accept responsibility for the
adequacy accuracy of this release.

Contacts:
EACOM Timber Corporation
Michael Liggett
C.F.O.
1.800.315.3660/604.279.8511
604.279.8711 (FAX)

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