Eaglewood Energy Announces Grant of Stock Options

CALGARY, ALBERTA--(Marketwire - June 9, 2009) - Eaglewood Energy Inc. ("Eaglewood") (TSX VENTURE:EWD) wishes to announce that it has issued 100,000 options to a senior officer. The options have an exercise price of $0.82 per share and will expire on June 9, 2014. 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 each of the directors and officers. 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.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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