Crew Gold Corporation
FRANKFURT : KNC
TSX : CRU
OSLO STOCK EXCHANGE : CRU
OTC Bulletin Board : CRUGF

Crew Gold Corporation

November 02, 2005 08:30 ET

Crew Gold Corporation: Notification of Trade

LONDON, UNITED KINGDOM--(CCNMatthews - Nov. 2, 2005) - Crew Gold Corporation ("Crew") (TSX:CRU)(OTCBB:CRUGF)(OSE:CRU)(FRANKFURT:KNC).

On November 1, 2005, Jan A. Vestrum, President and Chief Executive Officer of Crew Gold Company undertook the following transactions in Crew shares:

i. Mr Vestrum bought 4.2 million shares in Crew at NOK 9.85 in the fulfilment of a previously announced forward contract; sold 4.2 million shares at NOK 8.75 and bought 4.2 million shares at NOK 8.88 by way of a new forward contract with a maturity date of January 30, 2006.

ii. Mr Vestrum bought 0.5 million shares in Crew at NOK 10.09 in the fulfilment of a previously announced forward contract; sold 0.5 million shares at NOK 8.75 and bought 0.5 million shares at NOK 8.86 by way of a new forward contract with a maturity date of January 30, 2006.

Mr Vestrum's exposure totals 7,339,000 Crew shares, including common shares, forward contracts and options.

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.

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