Creso Exploration Inc.

Creso Exploration Inc.

July 09, 2010 13:13 ET

Creso Exploration Brings Onboard Bob Casaceli to Lead Development of Shining Tree Gold Assets

MONTREAL, QUEBEC--(Marketwire - July 9, 2010) - Creso Exploration Inc. ("Creso" or the "Corporation") (TSX VENTURE:CXT) is pleased to announce the nomination of Robert (Bob) J. Casaceli as President and CEO of the Corporation replacing Dr. Marc Filion. He is currently a consultant to the mining industry and until recently served as Chief Geologist for Franco-Nevada Corporation, the world's most respected royalty acquisition company.

Mr Casaceli holds a Master in Geology (1981) from Oregon State University and a B.A. in Geology (1977) from the University of Colorado. His career in the mining industry spans 36 years and has involved every facet of mineral exploration for precious metals, base metals, and uranium. In the course of this period, he has also been President and CEO of a TSX resource company for over 12 years and has been involved in the design, funding, and implementation of numerous reconnaissance and advanced-stage exploration projects, and prospect/mine evaluations in some 50 countries.

He has a strong background in the application of geologic mapping, drill logging, and structural geology, as well as in various geophysical, geochemical, and remote sensing methods used in the exploration for mineral deposits. Mr. Casaceli was a founding partner of the consulting firm Annapurna Exploration in 1985. He has extensive experience in negotiating mining deals, structuring legal agreements, and establishing companies in several countries. He speaks fluent Spanish and French, and has communication skills in several other languages.

Mr Casaceli has been involved in the discovery or delineation of several mineral deposits in North America, Central America, South America, Europe, and Asia. He was previously President and Chief Operating Officer of L.A. Nevada (Subsidiary of Euro-Nevada Mining Corporation) for two years, whose primary function was the identification and acquisition of royalty interests from mining properties located throughout Latin America and elsewhere in the world. Mr Casaceli has also published numerous technical and scientific papers.

Pierre Gauthier, Creso Chairman, stated, "We believe that Mr. Casaceli brings a unique set of geologic and commercial skills to Creso Exploration that will enhance the development of the Shining Tree property as we work to accelerate our exploration effort and ultimately fulfil our goal of creating a major new mine in Ontario". Mr. Casaceli will join the Corporation as of July 16, 2010 on a full time basis.

The Board would like to thank Dr. Filion for his dedicated services and his contributions over the years and wishes him well in his future endeavors.

In addition, the Board of Directors of the Corporation has also approved the granting of 2,000,000 options to various officers and directors under the stock option plan of the Corporation. The options are exercisable at $0.40 and shall expire on July 9, 2015. The grant of options remains subject to regulatory approval.

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.

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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