CRES Completes Sale of True Grit and Middle Ridge North Gold Properties in Central Newfoundland
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) 6 8 1- 3 1 7 0, F ( 6 0 4 ) 681 -3552
NEWS RELEASE
Crest Resources Completes Sale of True Grit and Middle Ridge North Gold
Properties in Central Newfoundland
Vancouver, B.C. – August 5, 2020 – Crest Resources Inc. (“Crest” or the “Company”) (CSE: CRES) is pleased
to announce that further to its news release of July 31, 2020, the Company and its co-vendors (together,
the “Vendors”) have completed the sale of a 100% interest, subject to a retained royalty reserved by
underlying vendors, in the True Grit and Middle Ridge North gold properties (the “Properties”) located in
Central Newfoundland to Mariner Resources Corp. (“Mariner”) for consideration of 7,000,000 common
shares of Mariner. The shares are subject to a hold period expiring December 5, 2020.
The Company’s interest in the transaction as a Vendor is 85% and it has received 5,822,500 common
shares of Mariner as consideration. The Company currently owns and controls 8,602,500 common shares
of Mariner representing 42.38% of the issued and outstanding common shares based on a total of
20,300,000 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 and Peru and the investment in mineral exploration
companies and related mining technologies of merit.
FOR FURTHER INFORMATION CONTACT:
Michael Collins
President and CEO
Crest Resources Inc.
Telephone: 604-681-3170
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this
news release.