Eaglewood Energy Inc. Appoints New COO

Eaglewood Energy Inc. ("Eaglewood") (TSX VENTURE:EWD) announced today that Mr.
Michael McGowan of New South Wales, Australia, has been appointed COO of
Eaglewood.


Mr. McGowan has 22 years of upstream international oil and gas experience with
British Petroleum, Santos Ltd. and Oil Search Limited. As the Papua New Guinea
("PNG") Drilling Manager for Oil Search, Mr. McGowan played an important role in
Oil Search's growth to become a leading upstream oil and gas producer in PNG.


Mike McGowan said; "I am delighted to be joining Eaglewood at this time. The
Company has an exciting exploration portfolio in Papua New Guinea and I am
looking forward to working with the Eaglewood team to develop this portfolio
into a sustainable business."


Hal Hemmerich, Eaglewood CEO and President, said "We are pleased to welcome Mike
McGowan to the management team of Eaglewood and we look forward to drawing on
his vast experience in the oil and gas business in Papua New Guinea".


In connection with his appointment, Mr. McGowan has been granted stock options
to purchase 400,000 common shares at a price of $0.75 per share for a period of
two years, such options vesting as to 50% on January 31, 2009 and the remaining
50% on January 31, 2010. The stock option grant is subject to regulatory
approval. Eaglewood has determined that exemptions from the various requirements
of TSX Venture Exchange Policy 5.9 are available for the grant of stock options
to Mr. McGowan. The Corporation has further determined that an exemption from
the various requirements of Ontario Securities Commission Rule 61-501 is
available as the fair market value of the grant of options is less than 25% of
the market capitalization of the Corporation.