CRES Appoints Vice President, Capital Markets, Grants Stock Options and Agrees to Sell 40% Interest in Dog Bay Mineral Claims, Newfoundland
CREST RESOURCES INC.
S u i t e 11 00 - 5 95 H o w e S t re e t , V a n c o u v e r , B C V6 C 2 T 5
T ( 6 0 4) 6 8 1- 3 1 7 0, F ( 6 0 4 ) 681 -3552
NEWS RELEASE
CREST RESOURCES APPOINTS VICE PRESIDENT, CAPITAL MARKETS, GRANTS STOCK OPTIONS AND
AGREES TO SELL 40% INTEREST IN DOG BAY MINERAL CLAIMS, NEWFOUNDLAND
Vancouver, B.C. – October 5, 2020 - Crest Resources Inc. (“Crest” or the “Company”) (CSE: CRES) is pleased
to announce that it has appointed Mr. Christopher Huggins as Vice President, Capital Markets. At the
Company’s Annual General and Special Meeting held November 25, 2019, the Company’s shareholders
approved a resolution authorizing the Company to expand its corporate objectives including to become
an investment issuer. In furtherance of this goal, Mr. Huggins' experience with grassroots exploration
geology, mining, construction, and t echnology industries provides a broad range of insights to the
Company.
Mr. Huggins holds a B.Sc., Honours Geology from the University of British Columbia (1997) and worked as
a geologist for 5 years across Northwestern British Columbia in regional gold e xploration for Homestake
Mining (Barrick). Following 10 years in sales leadership with e -learning technology, internet and
advertising firms, Mr. Huggins returned to the mining industry and for the past 10 years has been a
Corporate Accounts Manager, Sales Manager, and Business Development Manager with Atlas Copco
Mining and Rock Excavation Technique (Epiroc), Hexagon Mining, and Finning Canada.
Stock Options
The Company has granted 875,000 incentive stock options exercisable at $0.12 per share until October 5,
2025 to officers and consultants of the Company. The stock options are subject to the acceptance of the
Canadian Securities Exchange.
Sale of Dog Bay Interest
The Company further announces that it has entered into agreements to sell 40.323% interest in the Dog
Bay gold property (the “Property”) to four arm’s length parties for gross proceeds of $112,000. The
Property is located in the Exploits Subzone in Central Newfoundland and Labrador an d was acquired by
the Company by way of staking syndicate in June 2020. Subsequent to the transaction, the Company will
hold 29.677% interest in the Property.
About Crest Resources Inc.
Crest Resources Inc. is a British Columbia company listed on the Canadian Securities Exchange under the
symbol “CRES”. 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 rel ated mining technologies of merit. Crest is committed to creating significant
shareholder value through advancing a high -quality blended portfolio of resource development and
discrete technology plays that build on corporate knowledge and relationships and drive value outside of
the mining cycle, as well as direct investment in undervalued exploration plays at an early stage.
FOR FURTHER INFORMATION CONTACT:
Michael Collins
President and CEO
Crest Resources Inc.
Telephone: 604-681-3170
2
{01685590;1}
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.
Forward-Looking Statements
This news release contains certain 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. Readers are cautioned that these forward -looking statements are
neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results
to differ materially from those expected including, but not limited to, market conditions, availability of
financing, actual results of the Company’s exploration and other activities, environmental risks, future
metal prices, operating risks, accidents, labor i ssues, delays in obtaining governmental approvals and
permits, and other risks in the mining industry. All the forward -looking statements made in this news
release are qualified by these cautionary statements and those in our continuous disclosure filings
available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof
and the Company does not assume any obligation to update or revise them to reflect new events or
circumstances save as required by applicable law.