CALGARY, ALBERTA--(Marketwire - April 24, 2012) - Eaglewood Energy Inc. ("the Corporation") (TSX VENTURE:EWD) announces it has issued an aggregate of 2,850,000 options to its directors, officers, and employees pursuant to its stock option plan, of which 2,200,000 were granted to directors and officers. The options have an exercise price of $0.30 per share and will expire on April 24, 2017. 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.