Early Warning Report - Crest Resources Inc.- Disposition of Origen Shares

CREST RESOURCES INC.

EARLY WARNING NEWS RELEASE ISSUED PURSUANT TO NI 62-103

DISPOSITION OF COMMON SHARES OF ORIGEN RESOURCES INC.

Vancouver, B.C. – November 14, 2022 – This news release is being disseminated by Crest Resources Inc.

(CSE: CRES) (“Crest”) pursuant to National Instrument 62-103, The Early Warning System and Related

Take-Over Bid and Insider Reporting Issues, in connection with the acquisition of certain common shares

(the “Common Shares”) of Origen Resources Inc. (the “Issuer”), a British Columbia corporation whose

common shares are listed for trading on the Canadian Securities Exchange under the symbol “ORGN”.

On November 10, 20 22 Crest disposed of 8,000,000 Common Shares of the Issuer through a private

transaction (the “Transaction”). This resulted in a change in Crest’s holdings in the Common Shares of the

Issuer from 38.16% to 16.98%.

Prior to the Transaction, Crest owned and controlled 14,410,976 Common Shares representing 38.16% of

the issued and outstanding Common Shares of the Issuer based on a total of 37,763,654 Common Shares

outstanding as of November 10, 2022.

Subsequent to the Transaction, Crest owned and controlled 6,410,976 Common Shares representing 16.98%

of the issued and outstanding Common Shares of the Issuer based on a total of 37,763,654 Common Shares

outstanding as of November 10, 2022.

The 8,000,000 Common Shares were disposed of at a price of $0.185 per Common Share for total value of

$1,480,000.

Crest is a party to a letter of intent, as amended by a term sheet , with 1323398 BC Ltd. providing for the

acquisition of a majority interest in WitchiMag Pty Ltd. by Crest. Consideration includes payment of

$2,500,000 and issuance of 30,000,000 Common Shares of Crest, subject to satisfaction of certain

conditions. The Common Shares are advanced as a loan in connection with the payment of $2,500,000.

A copy of the early warning report dated November 14, 2022 to be filed by Crest in connection with the

disposition of the Common Shares of the Issuer will be available on SEDAR at www.sedar.com under the

Issuer’s profile. Copies of such reports will also be available from Crest upon written request to Crest

Resources Inc. at #142-757 West Hastings Street, Vancouver, BC V6C 1A1 Tel: 778 819 2709.

For additional information, contact:

Emma Fairhurst

Chairperson & Director

Crest Resources Inc.

778 819 2709