Crest Reports Results of Agm

CREST RESOURCES INC.

Suite 3043 - 595 Burrard Street, Vancouver, BC V7X 1J1

T 778-819-2709

NEWS RELEASE

CREST REPORTS RESULTS OF AGM

Vancouver, B.C. – December 20, 2021 ‐ Crest Resources Inc. (CSE: CRES) (the “Company” or “Crest”)

announces that at its Annual General Meeting held Friday, December 17, 2021, all directors were re-elected

and shareholders approved all the resolutions detailed in the management information circular of the

Company, including authorizing the directors to expand the Company’s corporate objectives to include

participation in prospect generation opportunities, to invest 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.

With shareholder approval for the Company becoming an investment company having been received, Crest

is working with the CSE and, as requested, will update the listing statement currently on file to include

auditor reviewed statements for the fiscal quarter ended November 30, 2021. The Company anticipates

being designated as an investment company under CSE policies in Q1 2022.

A total of 47,767,684 common shares of the Company were voted at the AGM, representing approximately

60.05% of the issued and outstanding shares of the Company, of which 99.52% were voted in favour of all

items before the Annual General Meeting.

About Crest Resources Inc.

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. The Company’s Canadian assets include various land and corporate

ownership positions within the Exploits Subzone, the newest emerging district-scale gold exploration and

mining district in the province of Newfoundland and Labrador, mineral recovery systems with

3RC/Ecomine/Gemina Labs, copper and gold exploration in the Toodoggone with Volatus Capital a nd

vanadium in Queensland Australia.

FOR FURTHER INFORMATION CONTACT:

Christopher Huggins

President and COO

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.