Mr. Jason Cubitt reports

CREST ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Crest Resources Inc. has arranged a non-brokered private placement of up to 10 million shares at a price of five cents per share for proceeds of $500,000. Proceeds will be used for general working capital. The private placement is subject to approval by the Canadian Securities Exchange. All shares issued upon closing of the private placement will be subject to a four-month hold period, in accordance with applicable securities laws.