Matco Capital Ltd. announces acquisition of common shares of Eagle Rock Exploration Ltd.

• Press Release
• Source: Matco Capital Ltd.
• On 10:24 am EST, Monday November 9, 2009

CALGARY, Nov. 9 /CNW/ - Matco Capital Ltd. ("Matco") announces that on November 6, 2009, it acquired ownership of 100,000,000 common shares (the "Common Shares") of Eagle Rock Exploration Ltd. ("Eagle Rock"). The Common Shares were issued by Eagle Rock in exchange for 100,000,000 subscription receipts that Matco acquired through a public offering for an aggregate price of $15,000,000 ($0.15 per subscription receipt). The subscription receipts were exchanged automatically upon the closing of Eagle Rock's acquisition of certain oil and gas assets on November 6, 2009.

As a result of this acquisition, Ronald P. Mathison, the controlling shareholder of Matco, beneficially owns or exercises control over 107,500,000 common shares of Eagle Rock (approximately 13.9% of the outstanding common shares of Eagle Rock). The Common Shares were acquired for investment purposes. Neither Matco nor Mr. Mathison currently intends to acquire ownership of, or control over, additional securities of Eagle Rock.

Matco will be filing the report required by securities legislation regarding this acquisition. To obtain a copy of the report, please contact Ryan Jennings at 403-294-0101. The head office of Matco is at Suite 400, 407 - 8th Avenue S.W., Calgary, Alberta T2P 1E5.

For further information

Ryan Jennings at (403) 294-0101