Crestview Exploration Announces Closing of First Tranche of Private Placement
330 5th Ave, Suite 1800
Calgary, AB T2P 0L3
www.crestviewexploration.com
NR : 1-031523 CSE : CRS – FRA : CE7
CRESTVIEW EXPLORATION ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE
PLACEMENT
Calgary, Canada, March 15, 2023 – Crestview Exploration Inc. (CSE: CRS, Frankfurt: CE7)
(“Crestview” or the “Company”) is pleased to announce that is has closed, subject to Canadian Securities
Exchange approval, the first tranche of its non-brokered private placement in the aggregate amount of
$136,500 by issuing 1,300,000 units at a price of $0.105 per unit. Each unit consists of one common share
of the Company and one share purchase warrant of the Company (the “Offering”). Each warrant is
exercisable into one common share of the Company at a price of $0.20 for a term of two-years from the
date of issuance. The Company intends to use the proceeds of this Offering for expanded geophysical
surveying, claim expansion and general corporate purposes.
The Company will pay $10,920.00 in cash and issue 104,000 warrants as compensation to qualified finders
as part of this Offering. Each warrant is exercisable at a price of $0.20 for a term of two-years from the date
of issuance.
The securities issued under the Offering will have a hold period expiring four months and one day from the
date of issuance pursuant to applicable Canadian securities laws.
None of the securities offered in connection with the Offering will be registered under the United States
Securities Act of 1933, as amended, or the securities laws of any state of the United States.
This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be
any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.
On Behalf of the Board of Directors,
“Chris Wensley”, CEO
About Crestview Exploration Inc:
Crestview Exploration is an experienced exploration company focused on the exploration and development of
its portfolio of gold and silver properties located in prolific mining districts of Nevada.
The Rock Creek gold project is Crestview's flagship asset, with 74 unpatented lode mining claims wholly owned and
controlled by CRS. The Rock Creek property was acquired in 2017, and the company went public in 2019. Emboldened
by the results coming out of Rock Creek, Crestview strategically expanded on the land position with the acquisition
of the nearby Divide Mine prospect in April 2020, and the acquisition of the Falcon silver-gold prospect in September
2022. Between the three properties, all targeting similar mineralization and likely the same hydrothermal system,
Crestview now holds 260 total claims in close proximity of one another. These three gold prospects, along with the
nearby Castile prospect, are situated in a region with proven "world class" gold deposits (including Midas, Jerritt
Canyon, Betze-Post, Meikle, and Gold Quarry), where the potential of finding large, high-grade gold-silver deposits
is favorable.
The Cimarron project is located in the San Antonio Mountains of Nye County, Nevada, and is comprised of 31
unpatented lode mining claims, including control of 6 historically producing claims associated with the historic San
Antonio mine. The property is located in the prolific Walker-Lane trend, approximately 44 kms south of the "world
class" Round Mountain deposit.
For further information please contact:
Chris Wensley, Chief Executive Officer
Tel: 1-778-887-3900
Email : [email protected]
Forward Looking Information
This news release includes certain information that may be deemed “forward-looking information” under applicable
securities laws. All statements in this release, other than statements of historical facts, that may address the Offering,
acquisitions of a property and/or future work thereon, mineral resource and reserve potential, exploration activities
and events or developments, if applicable, that the Company expects is forward-looking information. Although the
Company believes the expectations expressed in such statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or developments may differ materially from
those in the statements. There are certain factors that could cause actual results to differ materially from those in the
forward-looking information. These include the results of the Company’s due diligence investigations, market prices,
exploration successes, continued availability of capital financing, and general economic, market or business
conditions, and those additionally described in the Company’s filings with the Canadian securities authorities.
Investors are cautioned that any such statements are not guarantees of future performance and actual results or
developments may differ materially from those projected in the forward-looking information. For more information
on the Company, investors are encouraged to review the Company’s public filings at www.sedar.com. The Company
disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new
information, future events or otherwise, other than as required by law.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE