Crescent Resources Corp.

Crescent Resources Corp.

July 07, 2008 08:30 ET

Crescent Resources Hires Geological Consultant For Project Generation and Review

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2008) - Crescent Resources Corp. (TSX VENTURE:CRC) has entered into a consulting agreement with Mr. Robert A. Lunceford, a consulting geologist, to assist the company in reviewing projects for potential acquisition, to generate additional projects for review and to assist in planning exploration and possible drill programs at Crescent's Matupa Gold Project in Brazil. Mr. Lunceford's focus for new projects will be on precious metals projects in the Americas and agribusiness projects worldwide.

Mr. Lunceford is a Certified Professional Geologist with the American Institute of Professional Geologists (AIPG) and is a Qualified Person under the TSE rules. He holds a Bachelor of Science Degree in Geology from San Diego State University (1971), and a Master of Science Degree in Geology from Montana State University (1976). He has over 30 years of wide-ranging experience. Between 1987 and 2000 he was employed by Teck Corporation, most recently as Regional Manager. Responsibilities during this period included supervision of professional and technical personnel engaged in exploration for precious and base metals in the western US and northern Mexico. Mr. Lunceford's responsibilities also included numerous early and advanced-stage evaluations of precious, base metals, and industrial minerals projects within the US, Central, and South America. Generative programs under Mr. Lunceford's responsibility led to early-stage (pre-drilling) identification and recommendations for acquisition of 7-Up Pete in Montana (+8.0 million ounces of gold), and El Sauzal in Mexico (+2.0 million ounces of gold). He was also directly responsible for discovery of an 850,000 ounce gold resource in Mexico (Tepalcatepec). Since August 2006 Mr. Lunceford has been engaged as a consulting geologist for project management, reconnaissance, and NI 43-101 reports for precious and base metals, and uranium in Mexico, Peru, Nevada, and Paraguay.

About Crescent

Crescent is a mineral exploration and development company with a defined growth strategy of adding value through discovery and rapid project advancement through exploration. The Company has 30.7 million common shares outstanding.


Michael Hopley, President and Chief Executive Officer

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