SOURCE: Double Crown Resources, Inc.

August 27, 2012 15:00 ET

Double Crown Resources Restructures Management Positions and Reports on Progress

New President & CEO Expects Positive Cash Flow in Current Fiscal Quarter

HENDERSON, NV--(Marketwire - Aug 27, 2012) - Double Crown Resources, Inc. (OTCQB: DDCC), a fully reporting company (hereinafter, "Double Crown"), announces that the company's business plans have progressed to the point where a revision of management responsibilities will better suit the projects and plans currently under development. In accordance with this progress, the Board of Directors has appointed Jerry Drew as the new President & CEO. Mr. Drew will take over Double Crown's daily operations for David Figueiredo, who will now work outside the company on field projects and researching new, potential business opportunities. Jerry Drew has been with the current management team from its beginning and has always been as intimately involved with Double Crown as David Figueiredo. Mr. Drew has the full support and endorsement of the entire Board of Directors.

Commenting on the Double Crown management changes, Jerry Drew stated, "Everyone in the company feels we are making very significant progress towards our goals of developing new natural resource projects while also continuing the original gold and mineral mining plans. In the near term, we expect to be announcing the first in a series of new contracts which will immediately bring positive cash flow to the company. With the multiple projects and opportunities currently before us it has become clear that our original President & CEO, David Figueiredo, can now accomplish more by working outside the company, doing research for potential future projects and meeting with other business contacts. I am very enthusiastic about taking over the President & CEO position at this time. As David has done up to this point, I intend to make every effort to deliver success for Double Crown Resources and all its investors. I will also keep our investors well informed via regular news releases, full SEC filings and other public communications."

In the near future, Jerry Drew will deliver a new audio interview presentation for investors and interested parties to bring everyone up to date. Additionally, Mr. Drew will appear in the company feature of Double Crown on the "Insights with Terry Bradshaw" national television program, which is currently being produced and was described in the company's February 13, 2012 press release. Presented to more than 90 million households in the United States, "Insights with Terry Bradshaw" airs regionally on CNN Headline News and Regional News Networks and nationally on a variety of networks including Fox Business Network, Discovery Channel, Travel Channel and more. Full details can be found on the show's website at

During the past 30 years, Jerry Drew has been a successful leader in business development and marketing. Mr. Drew's marketing experience started in the early 1980s, when he was employed with J.D. Barton Company, which distributes lighting fixtures to major electrical wholesalers in the Sacramento Valley and throughout northern California. Later, Mr. Drew developed and implemented a successful marketing plan for Mendocino Mineral Water. Subsequently, he started Jerold S. Drew Painting, which remains in profitable business operation today. Mr. Drew earned his degree in Business Management from California State University, Sacramento.

About Double Crown Resources, Inc.

Double Crown Resources, Inc. is a natural resource ( exploration and development company holding a 100% interest in the McNab molybdenum property located in Southwest, British Columbia, Canada and the Bateman gold & nickel prospect near Thunder Bay, Ontario, Canada. In addition, Double Crown is targeting new properties that have the potential for early positive cash flow. Double Crown is presently reviewing a number of natural resource properties that are near to, or in production, located in North, South and Latin America. Double Crown Resources, Inc., originally founded in 2006, is based in Henderson, NV.

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Forward-Looking Statements

You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Double Crown Resources, Inc., please refer to its website at

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