Crescent Gold Limited: Board Changes

Mon Aug 24, 3:09 AM

PERTH, WESTERN AUSTRALIA--(Marketwire - Aug. 24, 2009) - Crescent Gold Limited (TSX: CRA.TO)(ASX: CRE.AX)(FRANKFURT:CRE5) -

Jose-Garcia Esteban has served as a Non Executive Director since 29 June 2007.

It is with regret that due to work commitments, Jose has tendered his resignation from the Crescent Board effective 6 July 2009.

The Board wishes to thank Jose for his support over the term of his service.

MARK TORY, CFO & COMPANY SECRETARY

Additional information related to the Company is available for review at www.sedar.com or on the Company's website at www.crescentgold.com.

ASX Code: CRE
TSX Code: CRA
FFT Code: CRE5

SHARE INFORMATION

ASX Share Price:     A$0.15

Issued Shares:       590.9m

Market Cap:         A$88.6m

Options unlisted:     42.1m

FULLY DILUTED BASIS

Shares:              633.0m

Contacts

Roland Hill
Crescent Gold Limited - Australia
+61 8 6380 7100

Jo-Ann Wellstead
Crescent Gold Limited - Australia
+61 8 6380 7100

Renee Brickner
Crescent Gold Limited - Canada
+1 604 802 6806
www.crescentgold.com