SOURCE: Crowne Ventures, Inc.

August 23, 2011 06:00 ET

Crowne Ventures Pinpoints Mineral Rich Properties

LAS VEGAS, NV--(Marketwire - Aug 23, 2011) - CROWNE VENTURES, INC. (PINKSHEETS: CRWV) announced today that its search for mining properties in Mexico has been pinpointed in the mineral rich Tecuala mining district in the Mexican state of Nayarit on the Pacific coast of Mexico.

Crowne Ventures has determined that more than one certified claim of approximately 22 acres and larger has been identified in this area and recent negotiations have begun for a Letter of Intent (LOI) to explore and develop this claim. The Company is encouraged at initial results of surface soil testing, which have resulted in positive showings for both gold and silver.

The Tecuala Mineral District is located in the state of Nayarit, Mexico and is considered a widely mineralized area and identified as a major deposit of gold and other minerals. It has been explored and is currently successfully mined by several known mining and geological institutions.

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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