Cresval Capital Corp.

TSX VENTURE : CRV


Cresval Capital Corp.

April 05, 2013 19:30 ET

Cresval Provides Update on Civil Claim

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 5, 2013) - Cresval Capital Corp. (TSX VENTURE:CRV) ("Cresval", or the "Company") announces that further to the Company's news release dated February 15, 2013, in which it disclosed that it had been served with a Notice of Civil Claim (the "Claim") alleging monies were owed to Vancouver Island Exploration Inc. ("VIE"), a drilling contractor, of $143,913 for diamond drilling conducted in 2011, the Company wishes to clarify its position with respect to the Claim. The Company replies that VIE overcharged the Company for its services and failed to fulfill the obligations of its contract. The Company has filed a counterclaim against VIE to recover amounts billed by VIE that were not proper charges or were expenses paid by Cresval as a result of VIE's failure to fulfill its contract.

About Cresval Capital

Cresval is a junior copper and precious metals exploration company actively involved in the exploration of two 100% owned projects situated near the productive Bralorne Gold camp in the Lillooet Mining Division in southwestern British Columbia.

Further information on Cresval's projects is available on the Company's website at www.cresval.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Lee Ann Wolfin, President

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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