SOURCE: Crowne Ventures, Inc.

January 19, 2012 08:30 ET

Crowne Ventures, Inc. Announces Favorable Results From Latest Tests for Gold and Silver

LAS VEGAS, NV--(Marketwire - Jan 19, 2012) - Crowne Ventures, Inc. (PINKSHEETS: CRWV) announced today that, since resuming its operations at the Gallo de Oro Gold Mine following the traditionally-long holiday season in Mexico, it has been able to crush approximately 130 tons of test material to 3/4 minus in size. The cross-representative flotation assay samples on this stockpile showed 3.136 ounces of gold and 1.28 ounces of silver per ton, or roughly an 89% recovery capability of the fire assay.

Currently, the Company does not have the on-site capability to utilize production-sized equipment to crush the test material to the point of total liberation. To do so, the Company is in negotiations with flotation mills to contract for future production.

The Company is also testing a cyanide heap leach to evaluate the potential recovery values against those capable with flotation. Due to the presence of "electrum" (gold and silver mixed in a metallic form called "free gold"), a further gravity concentration may be needed for maximum ore recoveries.

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases "would be," "would allow," "intends to, " "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.

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