Eaglecrest Changes Name to Colombia Crest Gold Corp.

EAGLECREST EXPLORATIONS LTD. ("Eaglecrest"; the "Company") (TSX
VENTURE:EEL)(PINK SHEETS:ECRTF)(FRANKFURT:EAT) is pleased to announce that
pursuant to a resolution passed by the directors on January 4, 2011, Eaglecrest
Explorations Ltd. has changed its company name to Colombia Crest Gold Corp. to
emphasize its new direction and focus on its exploration properties in Colombia,
South America; specifically, the Company will focus on discovery of
porphyry-related gold-copper resources within the Middle Cauca Belt, one of the
most prolific gold belts in Colombia. 


The name and stock symbol change became effective at market open on Monday
February 14, 2011, whereby the common shares of Colombia Crest Gold Corp. (TSX
VENTURE:CLB) commenced trading on the TSX Venture Exchange in place of the
common shares of Eaglecrest Explorations, which will be delisted. Shareholders
of Eaglecrest Explorations Ltd. will receive a 1:1 share in Columbia Crest Gold
Corp. There is no consolidation of capital or shares. 


"We are pleased with the name change to Colombia Crest Gold as it emphasizes our
focus on the search for world-class gold resources in Colombia, a hot new area
in the world with tremendous geologic potential, no modern exploration, and
where safety and infrastructure have been dramatically improved in the past
decade," commented Hans Rasmussen, Colombia Crest's President and CEO. "Also,
despite the strong focus on Colombia, our San Simon project remains an important
asset but we have moved the project to a lower priority until the market
appreciates the significance of our work in Bolivia."


About Colombia Crest Gold Corp.

Colombia Crest Gold Corp is focused on systematically exploring its promising
new gold projects in Colombia as well as realizing the potential of its 100
percent-owned San Simon project in Bolivia. Industry experts with three decades
of gold discoveries head up both the management and technical teams at Colombia
Crest Gold. Along with a strong working capital position, the Company will
accelerate the exploration programs at the Fredonia and Venecia projects in
Colombia where it has optioned over 15,000 hectares located in the Cauca River
Valley. Situated approximately 40 km south of the city of Medellin, in Antioquia
Province, the properties are positioned within the Middle Cauca Belt, which is
the most prolific gold belt of Colombia with more than 500 years of gold mining
history and a several new gold discoveries.


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Please visit the Company's website at www.ColombiaCrestGold.com.