NR Update on Permitting Activity at Rock Creek and Stock Options
330 5th Ave, Suite 1800
Calgary, AB T2P 0L3
www.crestviewexploration.com
Crestview Exploration Provides Update on Permitting Activity at Rock Creek, Nevada and
Announces Granting of Incentive Stock Options
Vancouver, Canada May 13, 2024 – Crestview Exploration Inc. (CSE: CRS, Frankfurt: CE7)
(“Crestview” or “the Company”) is pleased to announce that it is commencing permitting activities
related to its planned 2024 drilling program at its 100% owned Rock Creek property, located in the
Tuscarora Mountains, north-west of Elko Nevada. Our team is scheduled to be on site conducting field
and survey work over the next week necessary to the permit application.
The program aims to drill 8 to 12 high priority targets at Rock Creek (P1 through P12) for an approximate
total 10,000 feet of mixed RC-Core. Drill hole locations were chosen from a target-rich environment
utilizing a number of geological indicators captured to date, especially mapped structural and alteration
data and Hybrid Source Audio Magnetotellurics (HSAMT) interpreted sections. The program will be
testing 1) areas of anomalous and economic gold and silver grades in surface sampling and historic drill
results; 2) mapped structures and structural intersections, including the interpreted nested caldera; 3)
potential for disseminated mineralization in the Paleozoic sequence at depth; and 4) geophysical
anomalies generated by the 2022 HSAMT survey.
Please refer to Figure 1 for the approximate locations of drill targets and the corresponding surface
geology. For additional details including the HSAMT sections and interpretations, the reader is
encouraged to review the May 2, 2023 news release titled “Crestview Exploration Announces Priority
Drill Targets …”.
Figure 1 – Proposed Drill Targets at Rock Creek
The Company also announces that it has granted a total of 2,000,000 stock options to officers, directors
and consultants of the Company. The incentive stock options granted will vest quarterly over a period of
12 months, are valid for 5 years from the date of the issuance and are exercisable to purchase one
common share of the Company at a price of $ 0.10 per common share.
On Behalf of the Board of Directors,
“Chris Wensley”
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 Tuscarora Complex includes the Rock Creek, Dry Creek, and Falcon claim blocks for a total of 239
claims. The Rock Creek gold project is Crestview’s flagship asset, with 72 unpatented lode mining claims
wholly owned and controlled by Crestview. 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 claim staking at Dry Creek (43 claims), and later
(September, 2022) with the acquisition of the Falcon silver-gold prospect (124 claims). These three claim
blocks are all within close proximity and are targeting similar mineralization and likely the same
underlying hydrothermal system. The Tuscarora Complex is 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 address the p roperies and future work thereon,
mineral resource and reserve potential, 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 bas ed on reasonable
assumptions, such statements are not guarantees of future performance and actual results or developments may differ materiall y
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