Eaglewood Energy Announces Option Grant, New Corporate Presentation

CALGARY, ALBERTA--(Marketwired - June 3, 2013) - 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.