Early Warning News Release Issued Pursuant to Ni 62-103 Acquisition of Common Shares of 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. – August 30, 2022 – This news release is being disseminated by Crest Resources Inc.
(CSE: CRES) (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 August 30, 2022 the Acquiror acquired 139,500 Common Shares of the Issuer through the facilities of
the Canadian Securities Exchange at a price of $0.25 per Common Share (the “Transaction”). This resulted
in a change in the Acquiror’s holdings in the Common Shares of the Issuer from 33.93% to 36.57%.
Prior to the Transaction, the Acquiror owned and controlled 12,194,476 Common Shares representing
33.93% of the issued and outstanding Common Sha res of the Issuer . Subsequent to the Transaction, the
Acquiror owned and controlled 13,731,476 Common Shares and representing 36.57% of the issued and
outstanding Common Shares of the Issuer based on a total of 37,549,154 Common Shares outstanding as
of August 30, 2022.
The 139,500 Common Shares were acquired at a price of $0. 25 per Common Share for consideration of
$34,875.
The Acquiror has acquired the Common Shares for investment purposes and in accordance with applicable
securities laws. The Acquiror m ay, 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, t o dispose of any or all of its
Securities in the open market or otherwise at any time and from time to time, and 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 August 30, 2022 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 #142-757 West Hastings Street, Vancouver, BC V6C 1A1 Tel: 778 819 2709.
For additional information, contact:
Emma Fairhurst
Chairperson & Director
Crest Resources Inc.
778 819 2709