Crest Resources Announces Appointment of New Director and Executive Officer Grants Incentive Stock Options
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CREST RESOURCES INC.
Suite 200 – 551 Howe Street
Vancouver, B.C.
V6C 2C2
April 5, 2019
NEWS RELEASE
CREST RESOURCES ANNOUNCES APPOINTMENT OF
NEW DIRECTOR AND EXECUTIVE OFFICER
GRANTS INCENTIVE STOCK OPTIONS
Vancouver, B .C. - Crest Resources Inc. ("Crest" or the "Company") (CSE: CRES )
announces the resignation of Mark Lotz as the Chief Financial Officer, Corporate Secretary and
as a director of the Company, effective immediately. Mr. Lotz will continue to provide financial
consulting services to the Company.
The Company also announces the appointment of Emma Fairhurst to the board of directors of the
Company and the appointment of Sean Ty as Chief Financial Officer and Corporate Secretary of
the Company (the "Board"), effective immediately.
Ms. Fairhu rst has in excess of 15 years of experience in the financial and public company
markets, with the majority of her time spent involved in the Canadian resource capital market
and more recently the Australian capital market. Previously, Ms. Fairhurst worked at Canaccord
Genuity where she administered assets, private placements and financings. She subsequently
went on to be a founder and executive in the resource business venture sector in her ow n right.
Her collective experiences have led to many appointme nts as a director for various pr ivate and
public companies. Ms. Fairhurst has over 10 years' experience in international development and
corporate responsibility, working significantly in East Africa and she is a director and founding
member of Global Cha nge for Children Society, a volu nteer charity sponsored by numerous
mining companies.
Mr. Ty is a Chartered Professional Accountant (C PA, CA) and currently serv es a s the Chief
Financial Officer for Fortress Bl ockchain Corp. (TSXV: FORT). Mr. Ty's previous experience
includes acting as the interim Chief Financial Officer for BlissCo Cannabis Corp. (CSE: BLIS)
and working as an accountant for public and private Canadian companies, with a particular focus
on growth industries. He also holds a Bachelor of Science Degree and a Diploma in Accounting
from the University of British Columbia.
Ms. Fairhurst will also serve on the audit committee of the Board as an independent member.
Options Issued
The Company also announces that it has granted an aggregate of 100,000 incentive stock options
to an officer of the Company. Each option will be exercisable to purchase one common share in
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the capital of the Company on or before April 5, 20 23, at a price of $0.10 per share. The options
will vest over a period of four years, as to 25% per year.
About Crest Resources Inc.
Crest is engaged in the business of mineral exploration and the acquisition of mine ral property
assets in British Columbia. Its objective is to locate and develop ec onomic precious and base
metal properties of merit and to conduct its exploration program on the Red Metal Ridge
property. The Red Metal Ridge propert y consists of six contig uous mineral tenures covering an
area of 1,381.48 hectares, locate d 1 2 kilometres southwest of the town of Saywa rd and
approximately 74 kilometres northwest of the town of Campbell River in the Nanaimo mining
division of British Columbia.
On Behalf of the Board of Directors
"Dušan Berka"
Dušan Berka, P. Eng
Chief Executive Officer, President and Director
Tel: (604) 681-1568
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-
looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the
United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical
fact, included herein including, without limitation, the exercise and vesting of the incentive stock options and the
Company's anticipated business plans are forward-looking statements. Often, but not always, forward -looking
statements can be identified by words such as “plans”, “expects”, “may”, “intends”, “a nticipates”, “believes”,
“proposes” or variations of su ch words including negative variations thereof and phrases that refer to certain
actions, events or results that may, could, would, might or will occur or be taken or achieved. Actual results could
differ from those projected in any forward -looking statements due to numerous factors including, but not limited to,
the inability of the Company to execute its proposed business plans and obtain the financing required to carry out
its planned future activit ies. Other factors such as general economic, market or business conditions or changes in
laws, regulations and policie s affecting the mining industry and delays in obtaining governmental and regulatory
approvals, may also adversely affect the future resul ts or performance of the Company. These forward -looking
statements are made as of the date of this news release and, unles s required by applicable law, the Company
assumes no obligation to update the forward -looking statements or to update the reasons why actual results could
differ from those projected in these forward-looking statements. Although the Company believes that the statements,
beliefs, plans, expectations, and intentions contained in this news release are reasonable, there can be no assurance
that those statements, beliefs, plans, expectations, o r intentions will prove to be accurat e. Readers should consider
all of the information set forth herein and should also refer to other periodic reports provided by the Company from
time-to-time.
Readers are cautioned that forward -looking statements are n ot guarantees of future performance o r events and,
accordingly, are cautioned not to put undue reliance on forward -looking statements due to the inherent uncertainty
of such statements.