Crescent Resources Corp.

Crescent Resources Corp.

May 03, 2011 17:01 ET

Crescent Retains Services of Peter Grandich

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 3, 2011) - Crescent Resources Corp. (TSX VENTURE:CRC) announces that it has engaged Grandich Publications, LLC (Peter Grandich) to provide investor relations and a communications program for the Company for a period of one year.

Peter Grandich is the Managing Member of Grandich Publications, LLC which publishes The Grandich Letter (first published in 1984) and provides coverage of the metals and mining industry. Mr. Grandich also provides a variety of corporate finance and development services to publicly-held companies. In addition, Mr. Grandich is the Managing Member of Trinity Financial, Sports & Entertainment Management Company, LLC. Trinity provides financial services to individuals, small to mid-size businesses, professional athletes and entertainers.

Mr. Grandich is a long-standing member of The New York Society of Security Analysts and The Society of Quantitative Analysts.

Grandich Publications, LLC will receive a fee of US$2,000 per month and Peter Grandich has been granted 250,000 five year stock options at $0.355 per share to vest 25% on the date of grant and 25% on each three month anniversary from the date of grant. The agreement is subject to the acceptance of the TSX Venture Exchange.

About Crescent Resources Corp.

Crescent Resources is a resource exploration company focused on the exploration and drilling of the Uncle Sam Gold Project in Alaska, a largely untested gold property with significant historical gold assay from limited previous drilling. Management will also continue to review other opportunities in the resource sector. The Company has 17.6 million shares outstanding thereby providing its shareholders strong leverage to a successful exploration and drilling program which is scheduled to commence in early May.

Don Halliday
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.

Contact Information