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

Crescent Gold Limited

August 07, 2006 09:30 ET

Crescent Gold Limited: Audio Broadcast with Managing Director

PERTH, AUSTRALIA--(CCNMatthews - Aug. 7, 2006) - Crescent Gold Limited (TSX:CRA)(ASX:CRE)(FWB:CRE5) -

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

An audio broadcast with Andrew Haythorpe, Managing Director, discussing the new copper drill results and further developments can be heard on our company website www.crescentgold.com or at http://www.brr.com.au/event/CRE/845/12923/wmp/9gnvg1y68i.

Regards

Crescent Gold Limited

Andrew Haythorpe, Managing Director

Caution Regarding Forward-Looking Statements

Some of the statements in this news release contain forward-looking information, which involves inherent risk and uncertainty affecting the business of Crescent. Actual events may differ materially from those currently anticipated in such statements.



SHARE INFORMATION

ASX Share Price: A$0.35
Issued Shares: 218.0m
Market Cap: A$76.3m
Options unlisted: 30.1m

FULLY DILUTED BASIS

Shares: 248.1m
Cash on dilution: A$5.6m
Current Cash (ii): A$6.0m

ENTERPRISE VALUE

EV: A$70.3m
EV / oz reserve: A$241/oz
EV / oz resource: A$54/oz

RESOURCES

Measured: 0.07m ozs
0.9mt
2.5g/t
Indicated: 0.63m ozs
13.4mt
1.4g/t
Inferred: 0.69m ozs
15.2mt
1.4g/t
Market Cap/oz: A$55/oz

RESERVES

Probable: 0.29m ozs
Market Cap/oz: A$261/oz

ABN 49 087 360 996

(ii) Inc. A$2.4m Enviro' Bonds



The TSE does not accept responsibility for the adequacy or accuracy of this release.

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