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

Crescent Gold Limited

December 07, 2006 09:30 ET

Crescent Gold Limited: Dundee Private Placement Complete

PERTH, AUSTRALIA--(CCNMatthews - Dec. 7, 2006) - Crescent Gold Limited (TSX:CRA)(ASX:CRE)(FWB:CRE5) is pleased to announce that all the necessary regulatory and stock exchange requirements have been met for the second tranche of the private placement to Dundee Precious Metals Inc of 8,000,000 ordinary shares at A$0.35 to raise A$2.8 million.

To see the ASX announcement and disclosures please click the following link: http://www.ccnmatthews.com/docs/Dund1207.pdf

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

ABN 49 087 360 996

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



Contact Information