Crescent Resources Corp.
TSX VENTURE : CRC

Crescent Resources Corp.

December 04, 2009 17:42 ET

Crescent Resources Settles Debt for Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 4, 2009) - Crescent Resources Corp. (TSX VENTURE:CRC) ("Crescent") has reached agreement with three officers to accept shares for debt in respect of liabilities accrued to December 1, 2009 for deferred salaries and fees. The Company will seek approval from the TSX Venture Exchange to issue 611,110 common shares at a price of C$0.18 pursuant to shares for debt agreements with three officers to extinguish an aggregate of C$110,000 worth of debt.

This settlement will allow the Company to preserve its cash for use in exploration of its Rattlesnake Hills project and general corporate purposes.

Crescent Resources:
Crescent is a junior exploration company currently focused on exploring and developing the Rattlesnake Hills North Project in Wyoming. The Company is managed by an experienced team with several discoveries attributable to the group. Crescent currently has 38.5 million shares outstanding and trades on the TSX.V – symbol: CRC.

CRESCENT RESOURCES CORP.

"Michael Hopley"
President and Chief Executive Officer

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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