CRS Announces Private Placement
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Crestview Exploration Announces Non-Brokered Private Placement Financing
Vancouver, Canada March 21, 2024 – Crestview Exploration Inc . (CSE: CRS, Frankfurt:
CE7) (“Crestview” or “the Company”) today announces a non-brokered private placement
financing of up to 5,000,000 units at a price of $0.05 per unit for aggregate proceeds of up to
$250,000 (the “Offering”). Each unit will consist of one common share of the Company and
one share purchase warrant of the Company , e ach warrant being exercisable into one
common share of the Company at a price of $0.10 per common share for a term of two-years
from the date of issuance. The Company intends to use the proceeds of this Offering for
general and administrative purposes, option payments, and pre -drilling and exploration
activities at its Nevada properties.
The Company may pay a finder’s fee in cash and/or securities as compensation to qualified
finders as part of this Offering.
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. Closing of
the Offering remains subject to regulatory approvals, including approval of the Canadian
Securities Exchange.
The securities offered in the Offering have not been, and will not be, registered under the
United States Securities Act of 1933, as amended, (the "U.S. Securities Act") or any U.S.
state securities laws, and may not be offered or sold in the United States or to, or for the
account or benefit of, United States persons absent registration or any applicable
exemption from the registration requirements of the U.S. Securities Act and applicable U.S.
state securities laws. This news release does not constitute an offer to sell or the solicitation
of any offer to buy securities in the United States, nor in any other jurisdiction.
On Behalf of the Board of Directors,
“Chris Wensley”
Chief Executive Officer and Director
On Behalf of the Board of Directors,
Chris Wensley, CEO
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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 geopolitically stable Nevada, which is currently ranked as the number one mining
and exploration jurisdiction globally, by the Fraser Institute.
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 favourable.
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 address the Offering, exploration activities and events or
developments 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
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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 fin ancing, 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 the Market Regulator (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for
the adequacy or accuracy of this release.