Crew Gold Corporation
PINK SHEETS : CRUGF
FRANKFURT : KNC
TSX : CRU
OSLO STOCK EXCHANGE : CRU

Crew Gold Corporation

June 08, 2005 08:30 ET

Crew Gold Corporation: News Release

LONDON, UNITED KINGDOM--(CCNMatthews - June 8, 2005) - Crew Gold Corporation ("Crew") (TSX:CRU)(OSE:CRU)(FWB:KNC)(PINK SHEETS:CRUGF) -

Following the exercise of previously announced share options by ex-employees of Crew, the Company has issued a further 850,000 shares. Therefore, the Company currently has 176,236,515 shares outstanding.

Jan A Vestrum

President & CEO

This news release contains certain "Forward-Looking Statements". All statements, other than statements of historical fact, included in this release, and/or statements made by company officers or directors at any given time, as well as Crew's future plans are such forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and Crew does not undertake any obligation to update forward-looking statements should conditions or management's estimates or opinions change.

For more information about Crew, additional contact information or to subscribe to future news releases, please visit our new website www.crewgold.com

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