Crest Early Warning News Release - Holdings in Origen Resources Inc.

CREST RESOURCES INC.

EARLY WARNING NEWS RELEASE ISSUED PURSUANT TO NI 62-103

ACQUISITION OF COMMON SHARES OF ORIGEN RESOURCES INC.

Vancouver, B.C. – January 29, 2021 – This news release is being disseminated by Crest Resources Inc. (the

“Acquiror”) pursuant to National Instrument 62-103, The Early Warning System and Related Take -Over

Bid and Insider Reporting Issues, in connection with the acquisition of certain common shares (the

“Common Shares ”) of Origen Resources Inc. (the “Issuer”), a British Columbia corporation whose

common shares are listed for trading on the Canadian Securities Exchange under the symbol “ORGN”.

On January 27, 2021, the Acquiror acquire d 833,333 units (the “Units”) comprised of 833,333 Common

Shares and 416,666 warrants (the “Warrants”) at a price of $0.12 per Unit. Each Warrant entitles the

holder to acquire one Common Share of the Issuer at a price of $0.20 for a period of 12 months fr om

closing. The Units were issued pursuant to a subscription agreement entered into between the Issuer and

the Acquiror as part of a larger private placement of the Issuer’s securities (the “Transaction”).

This transaction represents an increase of 2.59% in the Acquiror’s securityholding percentage in the issued

and outstanding Common Shares of the Issuer (or an increase of 3.83% including the 416,666 Warrants

held by the Acquiror on an exercised basis).

The Acquiror owned and controlled 4,200,000 Common Shares of the Issuer representing 13.98% prior to

the Transaction and 5,033,333 Common Shares and 416,666 Warrants after the Transaction representing

15.61% (or 16.84% of the outstanding shares assuming exercise of the 416,666 warrants held by the

Acquiror).

The Acquiror has acquired the Common Shares for investment purposes and in accordance with applicable

securities laws. The Acqui ror may, from time to time, acquire additional common shares and/or other

equity, debt or other securities or instruments (collectively, “Securities”) of the Issuer in the open market

or otherwise, and reserves the right, subject to applicable securities law, to dispose of any or all of its

Securities in the open market or otherwise at any time and from time to time, an d to engage in similar

transactions with respect to the Securities, the whole depending on market conditions, the business and

prospects of the Issuer and other relevant factors.

A copy of the early warning report dated January 29, 2021 to be filed by the Acquiror in connection with

the acquisition of the Common Shares of the Issuer will be available on SEDAR at www.sedar.com under

the Issuer’s profile. Copies of such reports will also be available from the Acquiror upon written request

to Crest Resources Inc. at 1100 - 595 Howe Street, Vancouver, B.C. V6C 2T5 Tel: 604-681-3170.

For additional information, contact:

Michael Collins

President and CEO

Crest Resources Inc.

604-681-3170