LONDON, July 11, 2005 (PRIMEZONE) -- Crew Gold Corporation ("Crew") (TSX:CRU) (OSE:CRU) (Frankfurt:KNC) (Other OTC:CRUGF).
On July 8, 2005, Jan A. Vestrum, President and CEO of Crew Gold Corporation, sold 3,100,000 shares in Crew, 2,100,000 of which were held under forward contracts, at NOK 10,39. The sale was done to cover tax and reduce personal debt.
Mr. Vestrum's exposure after this transaction totals 5.600.000 Crew shares, including common shares, forward contracts and options.
Jan A Vestrum President & CEO
This news release contains certain "Forward-Looking Statements". All statements, other than statements of historical fact, included in this release, and/or statements made by company officers or directors at any given time, as well as Crew's future plans are such forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and Crew does not undertake any obligation to update forward-looking statements should conditions or management's estimates or opinions change.
For more information please contact our UK Head Office (TEL +44 -1932 268755) or by email to enquiries@crewgold.com For more information about Crew, additional contact information or to subscribe to future news releases, please visit our new website www.crewgold.com