Crest Resources Announces Appointment of Owen KING to the Board of Directors Provides Update ON Exploration Program
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CREST RESOURCES INC.
Suite 200 – 551 Howe Street
Vancouver, B.C.
V6C 2C2
March 22, 2019 CSE Symbol: CRES
NEWS RELEASE
CREST RESOURCES ANNOUNCES APPOINTMENT OF
OWEN KING TO THE BOARD OF DIRECTORS
PROVIDES UPDATE ON EXPLORATION PROGRAM
Vancouver, B.C. - Crest Resources Inc. ("Crest" or the "Company") (CSE: CRES) announces the
appointment of Owen King to the board of directors of the Company, effective immediately.
Currently the president of Opawica Explorations Inc. (OPW.V) , a Canadian junior resource company
which is engaged in the business of exploration and evalu ation of mineral properties for hosting gold and
base metal deposit s, Mr. King has 20 years of experience in the financial markets and management
consulting fields . Mr. King was employed at Mackie Research as an Investment Advisor focusing on
venture capital financings and, since 2014, Mr. King has been working with public companies in business
development an d assisting with capital raises and initial public offerings . Mr. Ki ng also has pr ior
experience as a management consultant working with high-tech small industry installing auditable quality
management systems in small businesses.
Mr. King will serve on the audit committee of the board of directors of the Company as an independent
member.
Exploration Program Update
The Company a lso announces that it intends to meet with its technical team in early A pril to begin
preparations for the phase 1 explorati on program recommended by the author of the amended technical
report dated September 12, 2019 regarding the Company's Red Metal Ridge property . The phase 1
exploration program will be focused on additional soil sampling and coincident magnetometer surveys in
order to try and determine the extent of subsurface mineralization beyond the current known showings on
the Red Metal Ridge property.
Qualified Person
Mr. John Hiner , a licen sed geologist in the state of Washington and SME reg istered member, is the
Company's qualified person as defined b y National Instrument 43-101 Standards of Disclosure for
Mineral Projects and has reviewed th e scientific and technical information that forms the basis for
portions of this news release. He has approved the disclosure herein. Mr. Hiner is not independent of the
Company, as he provides consulting services to Crest and holds incentive stock options in the Company.
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About Crest Resources Inc.
Crest is engaged in the business of mineral exploration and the acquisition of mineral property assets in
British Columbia. Its objective is to locate and develop ec onomic precious metal and base metal
properties of merit and to conduct its exploration program on the Red Metal Ridge property. The Red
Metal Ridge property consists of six contiguous mineral tenures covering an area of 1,381.48 hectares,
located 12 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
"DUSAN BERKA"
Dusan 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 Company's expectation that it will be successful in enacting its business plans and acquiring properties,
the anticipated content, commencement and timing of exploration programs in respect of the Red Metal Ridge property and
otherwise, anticipated results from exploration activities, and the anticipated business plans and timing of future activities of
the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can
give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by
words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled",
or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that
may, could, would, might or will occur or be taken or achieved.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to differ materially from any future results, performance or
achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others,
the ability of the Company to obtain sufficient financing to fund its business activities and plans, operating and technical
difficulties in connection with mineral exploration and development and mine development activities for the Company's
projects generally, actual results of exploration activities, the timing and amount of estimated future production, costs of
production, capital expenditures, requirements for additional capital, future prices of precious metals and base metals,
changes in general economic conditions, changes in the financial markets and in the demand and market price for
commodities, possible variations in ore grade or recovery rates, possible failures of plants or processes to operate as
anticipated, other risks of the mining industry, the inability to obtain any necessary governmental and regulatory approvals
(including of the Canadian Securities Exchange), permits or financing or in the completion of development or construction
activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title
disputes or claims limitations on insurance coverage, risks related to joint venture operations, and risks related to the
integration of acquisitions, as well as those factors discussed under the heading "Risks and Uncertainties" in the Company's
most recent management's discussion and analysis and other filings of the Company with the Canadian Securities Authorities,
copies of which can be found under the Company's profile on the SEDAR website at www.sedar.com.
Readers are cautioned not to place undue reliance on forward-looking statements. Except as otherwise required by law, the
Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by
reference herein.