Crest Announces Management Changes and Termination of RSU Plan
CREST RESOURCES INC.
Suite 3043 - 595 Burrard Street, Vancouver, BC V7X 1J1
T 778-819-2709
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NEWS RELEASE
CREST ANNOUNCES MANAGEMENT CHANGES
AND TERMINATION OF RSU PLAN
Vancouver, B.C. – August 13, 2021 ‐ Crest Resources Inc. (CSE: CRES) (the “Company” or “Crest”)
advises that, Michael Collins has resigned from Crest Resources as President, Chief Executive Officer and
Director of the Company to follow other pursuits. The team at Crest thanks Michael for his work with the
Crest team in building the company as it stands today and wishes him all the best in his future endeavors.
Christopher Huggins, currently Vice-President, Capital Markets has been promoted to President and Chief
Operating Officer at the Company. Mr. Huggins' experience with grassroots exploration geology, mining,
construction, and technology in dustries provides a broad range of insights to the company. Following a
Bachelor of Science in Honours Geology from the University of British Columbia, Mr. Huggins began his
career as an exploration geologist with Homestake Mining in regional exploration a round Eskay Creek,
Snip Mine and Stewart camps; including project evaluations and large -scale geological and structural
mapping projects in northern Chile. His involvement over the past 10 years in project feasibility, financing
and development of creative capital equipment packages has provided mining projects and operating mines
with unique opportunities to drive efficiency and manage operational risk.
Emma Fairhurst joins the Board of Directors as Chairperson, and will act as interim CEO. Ms. Fairhurst
has 20 years experience in the venture capital, financial and public company markets. The majority of time
involved in the Canadian resource capital market, as well as Australian resource sectors. Emma worked at
Canaccord Genuity where she administered hun dreds of millions in assets, private placements and
financings. She subsequently went on to be a founder and executive in the resource business venture sector
in her own right. Emma has over 10 years experience with international development and corporate
responsibility, working significantly in East Africa. She is a director and founding member of Global
Change for Children Society, a volunteer charity sponsored by numerous mining companies.
Following feedback from shareholders and the Canadian Securities Exchange, the Company has chosen to
terminate its RSU Plan. Other than the awards granted earlier in 2021, no further awards have been or will
be granted under the RSU Plan.
The Company will continue to offer stock options under its 10% rolling stock option plan as incentives for
its directors, officers, employees and contractors; to be granted and priced in accordance with CSE policies.
The Company is currently updating its Listing Statement with the CSE, as part of Crest’s continuing efforts
to change its designation on the CSE from a mining issuer to an investment issuer. Details in that regard
will follow.
About Crest Resources Inc.
The Company’s principal business activity is the acquisition, exploration and evaluation of mineral property
assets in Canada, Australia and Peru and the investment in mineral exploration companies and related
mining technologies of merit. The Company’s Canadian assets include various land and corporate
ownership positions within the Exploits Subzone, the newest emerging district -scale gold exploration and
mining district in the province of Newfoundland and Labrador, mineral recovery systems with
3RC/Ecomine/Gemina Labs, copper and gold explora tion in the Toodoggone with Volatus Capital and
vanadium in Queensland Australia.
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FOR FURTHER INFORMATION CONTACT:
Christopher Huggins
President and COO
Crest Resources Inc.
Telephone: 778-819-2709
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of
this news release.