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APPOINTMENT OF CFO

July 28, 2015– Vancouver, B.C. – Crest Petroleum Corp. (TSXV:CTP.H) (“Crest” or the “Company”) announces that the Company has appointed Michael N. Waldkirch as its new chief financial officer. Mr. Waldkirch will be replacing Jim Greig.

Mr. Waldkirch has extensive experience in financial management and reporting, providing a wide variety of accounting and financial consulting services to public and private clients, including as CFO of Gold Standard Ventures Corp. Mr. Waldkirch is currently principal at Michael Waldkirch & Company Inc., Chartered Professional Accountants in Vancouver.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, included herein including, without limitation, statements about our proposed financing are forward looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Risk factors affecting the Company include, among others: global financial conditions and volatility of capital markets, uncertainty regarding the availability of additional capital, fluctuations in commodity prices; and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

On behalf of the Board of Directors of Crest Petroleum Corp.

“Richard Silas”

Richard Silas, President and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Richard Silas President Tel: 778-588-7139 Email: [email protected]