Creso Exploration Inc.

Creso Exploration Inc.

November 11, 2010 12:17 ET

Creso Continues Geophysical Targeting and Drilling in the Shining Tree Area, NE Ontario

MONTREAL, QUEBEC--(Marketwire - Nov. 11, 2010) - Creso Exploration Inc. ("Creso" or the "Corporation") (TSX VENTURE:CXT)(FRANKFURT:C3X) is pleased to report that it has received the final High Resolution Magnetic, Radiometric & XDS VLF-EM Helicopter Survey (the "Survey") representing a total of 4,938 line-kilometers. The Survey covers an area of 84 square kilometers surrounding the Minto property (Reference: press releases dated August 9, 2010, October 5, 2010 and October 29, 2010), 11.4 kilometers in a North-South direction and 7.4 kilometers in an East-West direction. The Survey was done on 15 meter spacing intervals.

Currently, the Company is running a deeply penetrative Time Domain Surface IP Survey over the Minto and Tyranite properties with Insight Geophysics Inc., and has retained the services of Bill Doerner, a well respected international geophysicist, to merge this data with the helicopter data and previously obtained borehole survey data to better understand the structural controls and the distinctive physical characteristics of the gold deposits in the Shining Tree area.

The Company has also signed a contract with Diagnos Inc. (TSX-V: ADK) for the use of its CARDS system (Computer Aided Resources Detection System) which is used to identify areas with a high probability of containing a significant mineral deposit, in order to identify lateral extensions of the Minto property as well as to define the signatures of the other gold mineralization within the Survey area. The Company has 35 distinct gold occurrences (Reference attached: Map), as reported by the Ministry of Northern Development within its 280 square kilometers claim position and is using the Helicopter survey, the surface IP survey, the down-hole geophysical data, as well as the Diagnos CARDS system to prioritize prospective deep drill targets.

In addition, the Helicopter survey covers an area of 11.65 square kilometers in Morel Township where two historical shafts are located 2 kilometers apart with historical values ranging up to 5.5 grams per tonne of gold, 14% Copper, 600 grams per tonne of Silver and 0.89 % per tonne of Cobalt. As part of its mandate, Diagnos will help establish drilling priorities within the Morel property as well.

Drilling is ongoing on the Minto and Duggan properties, and a 1000-meter drill program was recently completed on the new Gold Corona JV with Platinex Inc. in the West Shining Tree area (Reference: press release dated October 22, 2010).

This Press Release has been reviewed and approved by Mr. Michael White, M. Sc, P. Geo., the Qualified Person under National Instrument 43-101.

About Creso

The Corporation's principal mining exploration holdings are located in the Shining Tree mining camp of Northern Ontario within 100 km of the Timmins and Kirkland mining camps, and additional interests are held in base metal properties in Guatemala.

This release contains forward-looking statements that are based on beliefs of its management as well as assumptions made by and information currently available to management of the Company. When used in this release, the words "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", and the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current views of the Company with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in this release. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information in this press release is made as of the date of this press release, and Creso disclaims any intention or obligation to update or revise such information, except as required by applicable law.

Map is available at the following address:

Neither 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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