Eaglewood Energy Announces Option Grant, New Corporate Presentation

Eaglewood Energy Inc. (the "Corporation") (TSX VENTURE:EWD) announces it has
issued an aggregate of 1,200,000 options to its directors, officers, and
employees pursuant to its stock option plan, of which 675,000 were granted to
directors and officers. The options have an exercise price of $0.325 per share
and will expire on June 3, 2018. The stock option grant is subject to regulatory
approval. The Corporation has determined that exemptions from the various
requirements of TSX Venture Exchange Policy 5.9 are available for the grant of
stock options to each of the individuals. The Corporation has further determined
that an exemption from the various requirements of Multilateral Instrument
61-101 is available as the fair market value of the grant of options is less
than 25% of the market capitalization of the Corporation.


Also please note that a new corporate presentation in available on the
Corporation's website, www.eaglewoodenergy.ca.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eaglewood Energy Inc.
Brad Hurtubise
CEO
[phone]
[e-mail]


Eaglewood Energy Inc.
Ross Jones
Interim CFO
[phone]
[e-mail]
www.eaglewoodenergy.ca