Crescent Resources Corp.

Crescent Resources Corp.

October 16, 2009 19:06 ET

Crescent Resources Director Change

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 16, 2009) - Crescent Resources Corp. (TSX VENTURE:CRC) ("Crescent") accepted the resignation of Ross McDonald as a director and member of the audit committee of Crescent with regrets. The board of directors extended their warmest thanks to Mr. McDonald for his contribution to Crescent during his term.

Crescent is pleased to welcome Eric Edwards as his replacement on the board. Mr. Edwards brings many years of experience in the mining exploration industry and he qualifies as a financial expert. He has been appointed to the Audit Committee, and will serve as its Chairman.

Eric Edwards is President and Chief Executive Officer of Ventura Gold Corp. He is also Chief Financial Officer and a Vice President of International Minerals Corporation. Over the past 12 years, Mr. Edwards has served as Chief Financial Officer for a number of publicly traded mining companies. He is a proven and prudent fiscal manager, having successfully completed acquisitions, divestitures, several equity placements and project and corporate debt facilities. Mr. Edwards holds a Masters of Business Administration degree from the University of Utah and a Bachelor of Science (Honors) degree in Geology from Utah State University. Mr. Edwards is also a director of the Northwest Mining Association.

The Board of Directors granted Mr. Edwards 100,000 stock options pursuant to the Company's stock option plan for a five year term and an exercise price of $0.25 which exceeds the closing price of the Company's stock on the date prior to the date of grant. The options granted will be subject to any applicable regulatory hold periods.

Crescent is a junior exploration company currently focused on exploring and developing the Rattlesnake Hills North Project in Wyoming. The Company is managed by an experienced team with several discoveries attributable to the group. Crescent trades on the TSX.V – symbol: CRC.


Michael Hopley, President and Chief Executive Officer

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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