Crescent Resources Corp.

Crescent Resources Corp.

March 26, 2008 13:47 ET

Crescent Resources Files NI 43-101 Report for Oviedo Uranium Project, Paraguay

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2008) - Crescent Resources Corp. (TSX VENTURE:CRC) announces that it has received and filed on SEDAR at a NI43-101 Technical Report on the Colonel Oviedo Uranium Project (the "Report"), in Paraguay completed by Scott Wilson RPA. The purpose of the report was to provide an independent assessment of the potential for uranium mineralization in this large property, which comprises approximately 504,500 hectares in southeastern Paraguay.

The Report states that the exploration targets on the Coronel Oviedo Uranium Project are sandstone-hosted uranium deposits that bear similarities to the roll front-type uranium deposits of the Powder River Basin, Wyoming, in the United States. The Report notes that Crescent's objectives on the project are to confirm past results, outline economic uranium deposits and develop a uranium mine.

Crescent is a mineral exploration and development company with a defined growth strategy of adding value through discovery and rapid project advancement through exploration. In addition to the Oviedo Uranium Project in Paraguay, Crescent also has the Matupá Gold Project in Brazil. These projects were acquired based on management's belief that they have the potential for further discovery and growth.


Michael Hopley, President and Chief Executive Officer

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