Creso Exploration Inc.

Creso Exploration Inc.

September 30, 2010 16:30 ET

Creso is Continued Under the CBCA

MONTREAL, QUEBEC--(Marketwire - Sept. 30, 2010) - Creso Exploration Inc. ("Creso" or the "Corporation") (TSX VENTURE:CXT) (FRANKFURT:C3X) announces that, following the approval by its shareholders of a special resolution at the Annual and Special Meeting (the "Meeting") held on September 22, 2010, the Corporation was continued under the Canada Business Corporations Act ("CBCA") as of September 29, 2010 and that the head office was transferred to Montreal.

At the Meeting, the shareholders elected Messrs. Jacques Bouchard, Richard Groome, Pierre Gauthier, Jean-Guy Lambert and André Thibault to the Board of the Corporation. The Board of directors appointed Pierre Gauthier Executive Chairman, Robert Casaceli, President and Chief Executive Officer, Vatché Tchakmakian, Chief Financial Officer and Luce L. Saint-Pierre, Corporate Secretary.

The Board of directors also approved the grant of 400,000 options at $0.87 to two directors of the Corporation. The options have an exercise period of five years and are totally vested. The grant of options remains subject to regulatory approval.

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. 

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