Crescent Resources Corp.
TSX VENTURE : CRC

Crescent Resources Corp.

December 22, 2010 17:06 ET

Crescent Resources Settles Debt

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 22, 2010) - Crescent Resources Corp. (TSX VENTURE:CRC) ("Crescent") announced on October 13, 2010 that Crescent has reached agreement with Golden Oak Corporate Services Ltd., a company wholly owned by Doris Meyer, the Company's Chief Financial Officer and Secretary for settlement of $36,190 of unpaid consulting fees. On December 22, 2010 the Company issued 180,950 post consolidated common shares to settle this debt.

CRESCENT RESOURCES CORP.

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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