Crescent Resources Corp.

Crescent Resources Corp.

November 21, 2006 08:01 ET

Crescent Adds Technical Advisor for Oviedo Uranium Property Paraguay

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 21, 2006) - Crescent Resources Corp. (TSX VENTURE:CRC) is pleased to announce the appointment of Mr. Chris M. Healey, P.Geo. as a consultant to Crescent and a member of the Company's Board of Technical Advisors. Chris has over 28 years of experience in uranium exploration and production including 20 years working for Cameco Corporation, the world's largest uranium producer. Chris's specialty is exploration project management and resource evaluation and during his time with Cameco he was involved in the discovery of the world's two largest high grade deposits, Cigar Lake and McArthur River. From 1992 to 1997 he managed Cameco's U.S. operations and was responsible for the acquisition of several major uranium properties, hosting in excess of 50 million pounds of resources. He has worked extensively on uranium projects around the world, including projects located in Canada, USA, Paraguay, Kazakhstan, Mongolia, Australia and Malawi. Recently Chris spent three years as Vice President - Exploration for U.S. Energy Corp. and he is currently a Director and Vice President - Exploration for Uranium Power Corp.

Management of Crescent anticipates that Chris's involvement will be of key importance to the exploration and evaluation of the Oviedo Uranium Project. Crescent is planning a minimum 20,000 metre drill program at Oviedo commencing in the first quarter 2007.

Crescent is a mineral exploration and development company with a defined growth strategy of adding value through discovery and rapid project advancement through exploration. The recently acquired Oviedo Uranium Project will be the primary focus for exploration in 2007 with additional exploration planned at the Boulder Lake Uranium Project and the Matupa Gold Project. The Company has 17,804,679 common shares outstanding.


Michael Hopley, President and Chief Executive Officer

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