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

Crescent Gold Limited

March 14, 2008 07:00 ET

Crescent Gold Limited: Half Year Report 31 December 2007

PERTH, WESTERN AUSTRALIA--(Marketwire - March 14, 2008) - Crescent Gold Limited (TSX:CRA)(ASX:CRE)(FRANKFURT:CRE5) -

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

HIGHLIGHTS FOR THE HALF YEAR ENDED 31 DECEMBER 2007

- Management/Director Change

- Planned separate listing for Uranium West Pty Ltd continues

- Increased operating efficiencies since assuming owner operator status for the Laverton Plant

- Mill up-grade to 1.5mtpa was finalised

- Commercial production status is anticipated in the March 2008 quarter

- Visible gold intersected in core hole at Bells prospect.

- Continued drilling at the Dark Horse prospect defines a contiguous mineralised zone - grades averaging over 2ppm Au.

- Sickle deposit - core drilling below the pit intersects wide massive sulphide zones and strong alteration/deformation.

- Sturt Joint Venture signed with a private syndicate -an exciting uranium project covering a large area in the Lake Eyre basin of SA.

Images of the Laverton Gold Plant and Sickle Pit are available at the following web link: http://media3.marketwire.com/docs/cra0312_images.pdf.

A full colour copy of the Half Yearly Report 31 December 2007 relating to this announcement is available for review at www.asx.com.au, www.sedar.com or on the Company's website at www.crescentgold.com.



SHARE INFORMATION

ASX Share Price: A$0.31
Issued Shares: 589.8m
Market Cap: A$182.8m
Options unlisted: 30.2m

FULLY DILUTED BASIS

Shares: 620.0m

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$125/oz
EV / oz: A$66/oz

RESERVE

Market Cap/oz: A$463/oz
EV / oz: A$245/oz


ABN 49 087 360 996

Contact Information

  • Crescent Gold Limited - in Australia
    Hayley Patton
    +61 8 6380 7100
    +61 8 6380 7199 (FAX)
    or
    Crescent Gold Limited - in Canada
    Renee Brickner
    (604) 802-6806
    Email: info@crescentgold.com
    Website: www.crescentgold.com