Eagle Rock Exploration - Stock Option Correction

    CALGARY, May 1 /CNW/ - Eagle Rock Exploration Ltd. ("Eagle Rock")
(TSXV:ERX) confirms that in respect of its previously announced granting of
incentive stock options, to certain of its directors, officers, employees and
consultants, to acquire up to an aggregate of 756,000 common shares of Eagle
Rock, the exercise price of such options is $0.10 per share (the minimum
exercise price under TSX Venture Exchange rules), not $0.055 per share, as
stated in the press release of March 3, 2009.

    About Eagle Rock

    Eagle Rock Exploration Ltd. is a publicly traded energy company involved
in the exploration and development of low to medium risk oil and gas
properties in Western Canada.
    Eagle Rock Exploration Ltd. trades on the TSX Venture Exchange under the
symbol ERX.
    For more information please visit us at www.eaglerockexploration.com.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    %SEDAR: 00019108E

For further information:

For further information: Jim Silye, President and Chief Executive
Officer, Steven J. Glover, Vice-President, Finance, and Chief Financial
Officer, TEL: (403) 269-4040, FAX: (403) 261-1978, Email: Jim Silye
(jsilye@eagler.ca) OR Steven J. Glover (sglover@eagler.ca)

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