(TheNewswire)
Vancouver, B.C. – TheNewswire - August 13, 2021 ? Crest Resources Inc.(CSE:CRES) (CNSX:CRES.CN)(OTC:CRSTF) (the “Company” or “Crest”)advises that, Michael Collins has resigned from Crest Resources asPresident, Chief Executive Officer and Director of the Company tofollow other pursuits. The team at Crest thanks Michael for his workwith the Crest team in building the company as it stands today andwishes him all the best in his future endeavors.
Christopher Huggins, currently Vice-President, CapitalMarkets has been promoted to President and Chief Operating Officer atthe Company. Mr. Huggins' experience with grassroots explorationgeology, mining, construction, and technology industries provides abroad range of insights to the company. Following a Bachelor ofScience in Honours Geology from the University of British Columbia,Mr. Huggins began his career as an exploration geologist withHomestake Mining in regional exploration around Eskay Creek, Snip Mineand Stewart camps; including project evaluations and large-scalegeological and structural mapping projects in northern Chile. Hisinvolvement over the past 10 years in project feasibility, financingand development of creative capital equipment packages has providedmining projects and operating mines with unique opportunities to driveefficiency and manage operational risk.
Emma Fairhurst joins the Board of Directors asChairperson, and will act as interim CEO. Ms. Fairhurst has 20 yearsexperience in the venture capital, financial and public companymarkets. The majority of time involved in the Canadian resourcecapital market, as well as Australian resource sectors. Emma worked atCanaccord Genuity where she administered hundreds of millions inassets, private placements and financings. She subsequently went on tobe a founder and executive in the resource business venture sector inher own right. Emma has over 10 years experience with internationaldevelopment and corporate responsibility, working significantly inEast Africa. She is a director and founding member of Global Changefor Children Society, a volunteer charity sponsored by numerous miningcompanies.
Following feedback from shareholders and the CanadianSecurities Exchange, the Company has chosen to terminate its RSU Plan. Other than the awards granted earlier in 2021, no further awardshave been or will be granted under the RSU Plan.
The Company will continue to offer stock options underits 10% rolling stock option plan as incentives for its directors,officers, employees and contractors; to be granted and priced inaccordance with CSE policies.
The Company is currently updating its Listing Statementwith the CSE, as part of Crest’s continuing efforts to change itsdesignation on the CSE from a mining issuer to an investment issuer. Details in that regard will follow.
About Crest Resources Inc.
The Company’s principal business activity is theacquisition, exploration and evaluation of mineral property assets inCanada, Australia and Peru and the investment in mineral explorationcompanies and related mining technologies of merit. The Company’sCanadian assets include various land and corporate ownership positionswithin the Exploits Subzone, the newest emerging district-scale goldexploration and mining district in the province of Newfoundland andLabrador, mineral recovery systems with 3RC/Ecomine/Gemina Labs,copper and gold exploration in the Toodoggone with Volatus Capital and v anadium in QueenslandAustralia.
FOR FURTHER INFORMATIONCONTACT:
Christopher Huggins
President and COO
Crest Resources Inc.
Telephone: 778 - 819 - 2709
Neither the Canadian SecuritiesExchange nor its Regulation Service Provider (as the term is definedin the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy of accuracy of this newsrelease.
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