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

Crescent Gold Limited

January 31, 2008 01:47 ET

Crescent Gold Limited: Highlights For The Quarter Ended 31 December 2007

PERTH, AUSTRALIA--(Marketwire - Jan. 31, 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

- Commissioning of 1.5mtpa from August construction continues

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

- Removal of Flat Forward hedging

- Planned separate listing for Uranium West Pty Ltd continues

- Gold focus for Crescent

- Board Change

- Management Change

- Exploration success + visible gold in core

- Divestment of China assets

- Preliminary development of Fish project commences

- Corporate Head Office move

To view a photo of Gold Pour - Laverton Gold Project please click on the following link: http://www.ccnmatthews.com/docs/craphoto.pdf

A full colour copy of the Quarterly 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$0.39
Issued Shares: 589.8m
Market Cap: A$230.0m
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$158/oz
EV/oz: A$99/oz


RESERVE

Market Cap/oz: A$582/oz
EV/oz: A$365/oz


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