SOURCE: Crowne Ventures, Inc.

August 29, 2011 23:00 ET

Crowne Ventures, Inc. Declares Buyout Rumors as False

LAS VEGAS, NV--(Marketwire - Aug 29, 2011) - Crowne Ventures, Inc. (PINKSHEETS: CRWV) immediately denies and wishes to dispel any rumors of a Four Dollar ($4.00) per share buyout with Yumana Gold, Inc. after an anonymous posting of a false press release appeared without Crowne Ventures, Inc.'s knowledge or approval.

The inaccurate posting was discovered on an Internet chat-board specializing in investors of publicly-traded companies. Any and all news for Crowne Ventures will only be disseminated through regular news wire services and never through chat-board or similar posting services.

More importantly, it is the intention of Crowne Venture to keep its stockholders and the investor public up-to-date with any and all Company events and news and always with completely factual information.

Dane Peterson, Crowne Ventures CEO, stated, "Any and all information and news disseminated by the Company can be found on or regular news wire services." Investors and stockholders, alike, are cautioned to never rely upon information from any other sources.

Previously announced laboratory results of up to 8.3oz/ton on the Gallo de Oro property and up to 9.4oz/ton on the newly-acquired Oro de Rojas property have immediately triggered expanded excavation of the estimated 9.5 million oz. of recoverable ore, which has caused the Company to focus its attention on expansion of production and smelting.

Mr. Peterson continued, "It is unfortunate that I have to take even one minute away from management of such an exciting project to correct the actions of anonymous, thoughtless individuals. We will endeavor to find out the source of this inaccurate news release and seek a remedy for the actions of whomever is responsible."

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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