Crescent Gold Limited
ASX : CRE
TSX : CRA
FRANKFURT : CRE5

Crescent Gold Limited

October 30, 2007 02:35 ET

Crescent Gold Limited: Highlights for the Quarter Ended 30 September 2007

PERTH, AUSTRALIA--(Marketwire - Oct. 30, 2007) - Crescent Gold Limited (TSX:CRA)(ASX:CRE)(FRANKFURT:CRE5) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

- Higher than expected gold grades as Laverton nears full production

- Second Ball Mill commissioned

- Crescent moves to owner operator for the Laverton Plant

- JV partner assigns rights to Northern Territory Uranium Projects

- Board Changes

- Planned separate listing for Uranium West Pty Ltd.

- Gold focus for Crescent

- Commissioning of the three stage crusher complete

A full colour copy of the Quarterly Report 30 June 2007 relating to this announcement is available for review at www.sedar.com or on the Company's website at www.crescentgold.com.



SHARE INFORMATION

ASX Share Price: A$0.45
Issued Shares: 581.9m
Market Cap: A$261.9m
Options unlisted: 46.9m

FULLY DILUTED BASIS

Shares: 628.8 m
Cash on dilution: A$16.4m

RESOURCES

Indicated: 0.97m ozs
21.3mt
1.5g/t

Inferred: 0.49m ozs
10.5mt
1.4g/t

RESERVES

Probable: 0.40m ozs
7.6mt
1.7g/t

RESOURCE

Market Cap/oz: A$179/oz
EV/oz: A$97/oz

RESERVE

Market Cap/oz: A$663/oz
EV/oz: A$359/oz


Contact Information

  • Crescent Gold Limited - in Australia
    Hayley Patton
    +61 8 9322 5833
    +61 8 9322 5866 (FAX)
    or
    Crescent Gold Limited - in Canada
    Renee Brickner
    (604) 802-6806
    (604) 687-4770 (FAX)
    Email: info@crescentgold.com
    Website: www.crescentgold.com