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CRES Shareholders Elect Board of Directors and Approve Expansion of Corporate Objectives

Corporate Updates

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 1 8- 1 8 3 5, F (604) 681 -3552

NEWS RELEASE

CREST RESOURCES INC. SHAREHOLDERS ELECT BOARD OF DIRECTORS AND APPROVE EXPANSION OF

CORPORATE OBJECTIVES

Vancouver, B.C. – November 25, 2019 ‐ Crest Resources Inc. (CSE: CRES) (the “Company”) is pleased to

announce that all of the resolutions put forth at its Annual General and Special Meeting of Shareholders

held on November 25, 2019 have been approved. In addition to the approval of the Company’s rolling

stock option plan and the appointment of Manning Elliott, LLP as auditor for the ensuing year, the number

of directors was set at five and the shareholders elected the following directors of the Company:

• Michael Collins – Chairman, President and Chief Executive Officer, and Director of the Company

since April 18, 2019;

• Emma Fairhurst – Director of the Company since April 5, 2019;

• Paul V. John – Director of the Company since February 1, 2018;

• Owen C. King – Director of the Company since March 15, 2019; and

• Jason K. McLaughlin – Director of the Company since October 18, 2019.

Lastly, the Shareholders granted the Directors of the Company the authority to expand the Company’s

corporate objectives to include participation in prospect generation opportunities, the investment in

private equity and liquid public market securities in such industries and sectors as the directors may

determine from time to time, and to become an “investment company” in the manner as contemplated

in the policies of the Canadian Securities Exchange.

ABOUT CREST RESOURCES INC.

Crest Resources Inc. is a proud 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 and the investment in mineral exploration and mining

technology companies of merit with potential for favourable return on investment . The Company’s

mineral property assets are the Chala Copper property in Peru (65% owned) , the Split Dome Copper

property near Hazelton, British Columbia (75% owned and 25% under further option) and the Red Metal

Ridge property on Vancouver Island, British Columbia (51% owned and 49% under further option).

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.

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 potential expansion of the Company’s corporate objectives ) 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 that 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 financing, 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. 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. These forward -looking statements are made as of the dat e 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.