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

Crescent Gold Limited

September 20, 2007 23:51 ET

Crescent Gold Limited: Audio Broadcast With Managing Director

PERTH, AUSTRALIA--(Marketwire - Sept. 20, 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

An audio broadcast with Andrew Haythorpe, Managing Director, discussing last week's announcement, 'Second Ball Mill Successfully Commissioned at Laverton' is due to air on Friday 21st September 2007 at 13.15 AEST and can be found at the following link:

http://www.brr.com.au/event/CRE/845/31827/wmp/57jla4dmkl

Regards

Crescent Gold Limited

Andrew Haythorpe, Managing Director

Julian Tambyrajah, CFO & Company Secretary

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$0.36
Issued Shares: 581.9m
Market Cap: A$209.5m
Options unlisted: 46.9m

FULLY DILUTED BASIS

Shares: 628.8m
Cash on dilution: A$16.4m
Current Cash: A$110.0m

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$143/oz
EV / oz: A$68/oz

RESERVE

Market Cap/oz: A$524/oz
EV / oz: A$249/oz

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

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) 687-0072
    (604) 687-4770 (FAX)
    Email: info@crescentgold.com
    Website: www.crescentgold.com