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News from Marketwire

Crescent Gold Limited: Board Changes

03:09 EDT Monday, August 24, 2009

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

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

RESIGNATION

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Crescent Gold Limited - Australia
Roland Hill

+61 8 6380 7100



or
Crescent Gold Limited - Australia
Jo-Ann Wellstead

+61 8 6380 7100



or
Crescent Gold Limited - Canada
Renee Brickner

+1 604 802 6806


www.crescentgold.com

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