Creso Enters Into an Investor Relations Agreement With Octobaan IR Capital Inc.

MONTRÉAL, QUÉBEC--(Marketwired - Aug. 8, 2013) - Creso Exploration Inc. ("Creso" or the "Corporation") (TSX VENTURE:CXT) is pleased to announce that it has entered into an investor relations agreement (the "Agreement") with Octobaan IR Capital Inc. ("Octobaan"). Octobaan will assist Creso in working with members of the financial community, potential investors and current shareholders to keep them informed and up-to-date on Creso's activities.

The Agreement is for a term of one year. In consideration for the services of Octobaan, Creso has agreed to pay a fee of $3,000 per month.

Octobaan is an investor relations company owned by Mr. Douglas Murray of Ottawa, Ontario. Octobaan is not related to Creso, does not have any direct or indirect material interest in Creso or its securities, other than the stock options granted pursuant to a previous agreement. All matters reported herein are subject to TSX Venture Exchange approval.

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.

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 Corporation. 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 Corporation 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.

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.