Crest Announces Private Placement

CREST RESOURCES INC.

#2900-733 Seymour Street Vancouver BC V6B 0S6

NEWS RELEASE

CREST ANNOUNCES PRIVATE PLACEMENT

Not for distribution to United States Newswire Services or for dissemination in the United States

Vancouver, B.C. – August 10, 2023‐ Crest Resources Inc. (CSE: CRES) (the “Company” or “Crest”) is pleased

to announce a non -brokered private placement of up to 10,000,000 units at a price of $0.0 35 per unit for

proceeds of $3 50,000 (the “Private Placement”). Each unit consists of one common share and one warrant,

each warrant entitling the holder to purchase one common share at a price of $0.05 for a period of five years

from closing. Proceeds will be used for general working capital.

The Private Placement is subject to approval by the Canadian Securities Exchange (the “CSE”). Finder’s fees

may be payable in accordance with the policies of the CSE and all securities issued will be subject to a hold

period of four months and one day in accordance with applicable securities laws.

This news release does not constitute an offer of securities for sale in the United States. The securities being

offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended,

and such securities may not be offered or sold within the United States absent U.S. registration or an applicable

exemption from U.S. registration requirements.

FOR FURTHER INFORMATION CONTACT:

Jason Cubitt

Chief Executive Officer

Emma Fairhurst

Chairperson

Crest Resources Inc.

Telephone: 778 819 2709

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.