Crescent Resources Corp.

Crescent Resources Corp.

December 17, 2007 08:01 ET

Crescent Retains Services of Peter Grandich

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2007) - Crescent Resources Corp. (TSX VENTURE:CRC) is pleased to announce 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 will be granted 100,000 stock options. The agreement is subject to the acceptance of the TSX Venture Exchange.

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. In addition to the Oviedo Uranium Project in Paraguay, Crescent also the Matupa Gold Project in Brazil. These projects were acquired based on management's belief that they have the potential for further discovery and growth. The Company has 26.8 million common shares outstanding.


Michael Hopley, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

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