LONDON, Oct. 9, 2006 (PRIMEZONE) -- Crew Gold Corporation ("Crew" or the "Company") (Other OTC:CRUGF) (TSX:CRU) (Oslo:CRU) (Frankfurt:KNC) reports on its year of acquisition and development, and reports the following highlights:
-- Successful acquisition of 100% of Guinor Gold Corporation and its
LEFA Corridor gold project in Guinea;
-- Successful acquisition of 73% of Apex Mining Company and its Masara
gold mine in the Philippines with its associated Philippine
partner;
-- Improved operations at Nalunaq Gold Mine in Greenland;
-- Acquisition of new exploration and development opportunities;
-- Building of a World Class Management Team;
-- Continued support from Shareholders and Capital markets
A Conference Call will take place today at 8.00am UK Time, 9.00am Norwegian Time.
Dial in Number: +44 (0)1296 317500 Passcode: C 943506
To view the complete version of this press release, including financial charts and results, please visit www.crewgold.com. Please cut and paste the URL into the browser.
Jan A. Vestrum President and CEO
Safe Harbour Statement
Certain statements contained herein, as well as oral statements that may be made by the company or by officers, directors or employees of the company acting on the company's behalf, that are not statements of historical fact, may constitute "forward-looking statements" and are made pursuant to applicable and relevant national legislation (including the Safe-Harbour provisions of the United States Private Securities Litigation Reform Act of 1995) in countries where Crew is conducting business and/or investor relations. Often, but not always, forward-looking statements can be identified by the use of words such as "plans," "expects," "does not expect," "is expected," "targets," "budget," "estimates," "forecasts," "intends," "anticipates" or "does not anticipate," or "believes," or equivalents or variation, including negative variation, of such words and phrases, or state that certain actions, events or results, "may," "could," "would," "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, the price of gold, fluctuations in financial markets, investor interest in the proposed private placement. Although Crew has attempted to identify important factors that could cause actual actions, events or cause actions events or results not to be anticipated, estimated or intended, there can be no assurance that forward looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Except as may be required by applicable law or stock exchange regulation, the company undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events. Accordingly, readers should not place undue reliance on forward-looking statements.