CRES Completes Investment in Mariner Resources Corp.
CREST RESOURCES INC.
S u i t e 11 00 - 5 95 H o w e S t re e t , V a n c o u v e r , B C V6 C 2 T 5
T ( 6 0 4) 681 - 3 1 7 0, F ( 6 0 4 ) 681 -3552
NEWS RELEASE
CREST RESOURCES CLOSES INVESTMENT IN MARINER RESOURCES CORP.
Vancouver, B.C. – July 27, 2020 ‐ Crest Resources Inc. (“Crest” or the “Company”) (CSE: CRES) is pleased
to announce that further to the Company’s news release of July 24, 2020, the Company has completed
the acquisition of 1,250,000 common shares of Mariner Resources Corp. (“Mariner”) at a price of $0.12
per share for total cost of $150,000 by way of a non -brokered private placement that closed on July 27 ,
2020. The acquisition was made for investment purposes.
The Company currently owns and controls 2,780,000 common shares of Mariner representing 20.90% of
the issued and outstanding common shares based on a n estimated total of 13,300,000 common shares
outstanding.
About Crest Resources Inc.
Crest Resources Inc. is a British Columbia company listed on the Canadian Securities Exchange under the
symbol CRES. The Company’s principal business activity is the acquisition, exploration and evaluation of
mineral property assets in Canada, Australia an d Peru and the investment in mineral exploration
companies and related mining technologies of merit. The Company’s Canadian mineral property assets
include various land positions totalling 665.75 km2 (66,575 hectares) within the Exploits Subzone, the
newest emerging district-scale gold exploration and mining district in the province of Newfoundland and
Labrador.
FOR FURTHER INFORMATION CONTACT:
Michael Collins
President and Chief Executive Officer
Crest Resources Inc.
Telephone: 604-681-3170
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.
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 overall size of the Offering, the proposed use of proceeds and the expected closing
of any further tranches thereof) and reflect management’s current expectations 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 tha t these forward -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, availability of fina ncing, actual results of the
Company’s exploration 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. Al l 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. These forward-looking 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.