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

Crescent Gold Limited

December 07, 2006 09:30 ET

Crescent Gold Limited: CFO & Company Secretary Appointment-Julian Tambyrajah

PERTH, AUSTRALIA--(CCNMatthews - Dec. 7, 2006) - Crescent Gold Limited (TSX:CRA)(ASX:CRE)(FWB:CRE5) is pleased to announce the appointment of Mr Julian Tambyrajah to the position of Chief Financial Officer & Company Secretary.

Mr Tambyrajah holds an Associate Diploma in Business Administration, a Bachelor of Commerce Majoring in Accounting, is an Associate Member of the Certified Practising Accountants and is a Chartered Company Secretary.

Mr Tambyrajah has 16 years experience working for such companies as Woodside, Normandy, Brown and Root, DRDgold and Rusina Mining NL. Mr Tambyrajah has held directorships for Rusina Mining NL and on behalf of DRDgold in companies such as Hargraves Resources NL, Dome Resources NL and DRD Australasia Pty Ltd.

Julian has broad experience in the financial and governance related management of listed gold operators. The board welcomes this appointment as needed and complimentary to the executive management.

Carol New has resigned as Company Secretary and the Board would like to thank Carol for her efforts over the past few years, which have been integral to the transformation of Crescent from an explorer to a significant emerging gold producer.

Mr Mel Campbell will step aside as CFO and focus solely on the delivery of production from the Laverton Gold Project as Laverton Project - Finance Manager.

Further information on Crescent Gold Limited and technical reports on the Laverton Gold Project can be found on the company's website www.crescentgold.com.

Regards

Crescent Gold Limited

Andrew Haythorpe, Managing Director



ASX Code: CRE
TSX Code: CRA
FFT Code: CRE5

SHARE INFORMATION

ASX Share Price: A$0.33
Issued Shares: 247.2m
Market Cap: A$81.6m
Options unlisted: 26.8m

FULLY DILUTED BASIS

Shares: 273.9m
Cash on dilution: A$5.4m
Current Cash(i) : A$11.8m

ENTERPRISE VALUE

EV: A$69.8m
EV / oz reserve: A$195/oz
EV / oz resource: A$49/oz

RESOURCES

Measured: 0.07m ozs
0.9mt
2.5g/t
Indicated: 0.88m ozs
18.7mt
1.5g/t
Inferred: 0.54m ozs
11.4mt
1.5g/t
Market Cap/oz: A$55/oz

RESERVES
Probable: 0.36m ozs
6.2mt
1.8g/t

Market Cap/oz: A$228/oz

CONTACT DETAILS
L5 89 St Georges Terrace
Perth WA 6000
Phone: +61 8 9322 5833
Fax: +61 8 9322 5866
info@crescentgold.com
www.crescentgold.com
ABN 49 087 360 996

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


Contact Information