2010-06-21-2010-05-12-2010-06-15

Bought 10% WI & 7.5% WI in 2,629 gross acres in Zavala Co., TX, mineral lease.

Eagleford Energy Inc., Toronto, (OTCBB: EFRDF) has closed the acquisition of a 10% working interest (7.5% net revenue interest) before payout and a 7.5% working interest (5.625% net revenue interest) after payout of $15 million gross of production in a South Texas mineral lease from California-based Source Rework Program Inc. for $200,000.

Approximately $25,000 of the total price will be paid in cash and the remaining amount will be satisfied by a $175,000 5% secured promissory note.

In Zavala County, the Matthews Lease comprises approximately 2,629 gross acres in the South Texas Maverick Basin and is near acreage operated by Petrohawk Energy Corp., Houston, (NYSE: HK) in the Eagle Ford oil window. Further, the acquired acreage is downdip from the northern boundary of the Smackover-Austin-Eagle Ford total petroleum system.

Two initial formations on the lease are targeting light, sweet crude oil from the Eagle Ford shale and heavy oil from the San Miguel formation, which contains five stacked sands with estimated original oil in place of approximately 150 million barrels.