Crest Update ON Temporary Management Cease Trade Order
CREST RESOURCES INC.
Suite 3043 - 595 Burrard Street, Vancouver, BC V7X 1J1
T 778-819-2709
NEWS RELEASE
CREST UPDATE ON TEMPORARY MANAGEMENT CEASE TRADE ORDER
Vancouver, B.C. – November 11, 2022 ‐ Crest Resources Inc. (CSE: CRES) (the “Company” or “Crest”)
is providing this update on the status of a management cease trade order granted on September 29, 2022
(the "MCTO") by the British Columbia Securities Commission under National Policy 12 -203 -
Management Cease Trade Order ("NP 12-203"). On September 29, 2022, the Company announced that, for
reasons disclosed in the news release, there would be a delay in the filing of its financial statements and
accompanying management's discussion and analysis for the fiscal year ended May 31, 2022 (the "Annual
Filings") beyond the period prescribed under applicable Canadian securities laws (the "Default
Announcement").
The Company is also progressing on the completion of its interim financial statements and accompanying
management's discussion and analysis for the first quarter ended August 31, 2022. Further updates on timing
will be provided by the Company as necessary.
During the MCTO, the general investing public will continue to be able to trade in the Company's listed
common shares. However, the Company's Chief Executive Officer and Chief Financial Officer will not be
able to trade in the Company's common shares.
Other than as disclosed in this news release, there are no material changes to the information contained in
the Default Announcement. The Company confirms that it intends to satisfy the provisions of NP 12- 203
and will continue to issue bi-weekly default status reports for so long as it remains in default of the Annual
Filings requirement.
FOR FURTHER INFORMATION CONTACT:
Jason Cubitt
Chief Executive Officer
Telephone: 778 819 2709
Contact: [email protected]
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.