Company Update and New Financing
CREST RESOURCES INC.
Suite 1100 - 595 Howe Street, Vancouver, BC V6C 2T5
T (604) 681-3170, F (604) 681-3552
NEWS RELEASE
CREST RESOURCES INC. ANNOUNCES COMPANY UPDATE AND NEW FINANCING
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Vancouver, B.C. – August 8, 2019 ‐ Crest Resources Inc. (CSE: CRES) (the “Company”) is pleased to
announce the Company is considering expanding its mineral explor a t i o n a c t i v i t i e s t o i n c l u d e r e s o u r c e
prospect generation as a business model.
The Company believes that prospect generation is a capital effi cient means of participating in the overall
mineral exploration sector by accessing partnerships to participate in the potential downstream value add
carried out by other entities and their balance sheets.
Owen King, the Company’s CEO, states, “We feel participation in prospect generation is a prudent yet
cost‐effective way to build the capital base of Crest Resources for the foreseeable future.”
Finally, the Company announces that it proposes to undertake a private placement to raise gross proceeds
of up to $750,000 (the “Offering”) through the sale of up to 10,000,000 common shares priced at $0.075
per share. The proceeds from the Offering will be used for exploring opportunities in prospect generation,
and for general working capital. A finder’s fee commensurate with Canadian Securities Exchange (“CSE”)
policies may be paid in connection with the Offering. The Offering is subject to the acceptance of the CSE
and board approval.
FOR FURTHER INFORMATION CONTACT:
Owen C. King
Chairman, President and Chief Executive Officer
Crest Resources Inc.
Telephone: 604‐618‐1835
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and
accepts no responsibility for the adequacy or accuracy hereof.
2
Forward‐Looking Statements
This news release contains certain forward‐looking statements, which relate to future events or future performance
(including, but not limited to, the Company’s potential expansi on into prospect generation and the potential
profitability thereof) and refle ct management’s current expecta tions 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 for ward‐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, avai lability of financing, actual results of the Company’s
exploration, investing and other activities, environmental risks, future metal prices, operating risks, accidents, labor
issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry and capital
markets. 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. T h e s e f o r w a r d ‐ l o o k i n g
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.
T H I S N E W S R E L E A S E , R E Q U I R E D B Y A P P L I C A B L E C A N A D I A N L A W S , I S N O T FOR DISTRIBUTION TO U.S. NEWS
SERVICES OR FOR DISSEMINATION IN T H E U N I T E D S T A T E S , A N D D O E S N OT CONSTITUTE AN OFFER TO SELL
SECURITIES AND THE COMPANY IS NOT SOLICITING AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR
ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN TH E UNITED STATES OR TO U.S. PERSONS
UNLESS REGISTERED OR EXEMPT THEREFROM.