Crescent Resources Signs Definitive Agreement to Acquire Rattlesnake Hills Gold Properties, Wyoming

VANCOUVER, BRITISH COLUMBIA, Oct 05 (MARKET WIRE) --
Crescent Resources Corp. (TSX VENTURE: CRC) ("Crescent") is pleased to
announce that it has executed the definitive acquisition agreement with
John Glasscock and his company Cowboy Exploration & Development LLC to
acquire up to a 100% interest in certain mineral claims covering
approximately 4,000 acres located in the Rattlesnake Hills area, Natrona
County, Wyoming, USA (the "Properties"). The Properties are adjacent to
and within approximately 5 kilometres of Evolving Gold's Rattlesnake
Hills property where recent drilling results suggest the possibility of a
new large gold deposit.

Subject to receipt of regulatory approval, the acquisition and a
concurrent private placement of $500,000 will close and Crescent will
have the option to acquire an initial 80% interest in the Properties by
completing the following:

- Crescent will immediately pay the owners US$85,000 as reimbursement of
previously paid property costs;

- Crescent will issue to the owners a total of 5,000,000 Crescent shares;
half of which to be issued on regulatory approval and the remaining
2,500,000 shares on the 18 month anniversary of the definitive
acquisition agreement;

- Crescent can purchase the remaining 20% of the Properties from the
owners at a price based on the value established by a bankable
feasibility study completed by a third-party engineering company; and

- The owners will retain a 2% net smelter royalty on the Properties. This
royalty can be reduced to 1% by Crescent paying the owners US$1,000,000.

The Rattlesnake Hills gold mineralization appears to be geologically
similar to other volcanic hosted alkalic gold systems such as Cripple
Creek Gold District in Colorado where over 25 million ounces have been
mined to date as well as Zortman-Landusky, Montana and Ortiz, New Mexico
which in the past supported large-scale open-pit gold mines. In all these
deposits gold mineralization is associated with Tertiary-age phonolite
intrusives and associated diatreme breccias.

Crescent is a junior exploration company currently focused on exploring
and developing the Rattlesnake Hills North Project in Wyoming. The
Company is managed by an experienced team with several discoveries
attributable to the group. Crescent trades on the TSX.V - symbol: CRC.

CRESCENT RESOURCES CORP.

Michael Hopley, President and Chief Executive Officer

"Neither the
TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release."

Contacts:
Crescent Resources Corp.
Don Halliday
Executive Vice President
604-899-1505 (direct)
info@crescentresourcescorp.com

Crescent Resources Corp.
Greg Davis
VP Business Development
604-688-1263 (direct)
greg@crescentresourcescorp.com
www.crescentresourcescorp.com

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