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

Crescent Gold Limited

August 02, 2006 09:30 ET

Crescent Gold Limited: Second Ball Mill Being Delivered to Laverton

PERTH, AUSTRALIA--(CCNMatthews - Aug. 2, 2006) - Crescent Gold Ltd (TSX:CRA)(ASX:CRE)(FWB:CRE5) has purchased a refurbished ball mill which is expected to be delivered on site within the next 2 weeks. This will complement the existing Mill at Laverton.

The 1200kW mill has been purchased for A$400,000 and relocation costs are estimated at A$85,000. This compares favourably to a budgeted $500,000 purchase of a significantly smaller 700kW mill.

For further information please refer to the company website www.crescentgold.com and www.sedar.com.

A copy of the Diggers and Dealers presentation is available on our website at www.crescentgold.com/presentations/CrescentGoldAugBrochureFINAL.pdf.

Regards

Crescent Gold Limited

Andrew Haythorpe, Managing Director



SHARE INFORMATION

ASX Share Price: A$0.35
Issued Shares: 218.0m
Market Cap: A$76.3m
Options unlisted: 30.1m

FULLY DILUTED BASIS

Shares: 248.1m
Cash on dilution: A$5.6m
Current Cash(ii): A$6.0m

ENTERPRISE VALUE

EV: A$70.3m
EV / oz reserve: A$241/oz
EV / oz resource: A$54/oz

RESOURCES

Measured: 0.07m ozs
0.9mt
2.5g/t
Indicated: 0.63m ozs
13.4mt
1.4g/t
Inferred: 0.69m ozs
15.2mt
1.4g/t
Market Cap/oz: A$55/oz

RESERVES

Probable: 0.29m ozs
Market Cap/oz: A$261/oz

ABN 49 087 360 996

(ii) Inc. A$2.4m Enviro Bonds



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