Crew Development Corporation: Shares Acquired by CEO Jan Vestrum

VANCOUVER, British Columbia, CANADA


VANCOUVER, British Columbia, Sept. 23, 2002 (PRIMEZONE) -- President & CEO of Crew Development Corporation Ltd. (Crew) (TSE:CRU) (Other OTC:CRWVF), Jan A. Vestrum, has bought 1,000,000 shares in Crew at NOK 1.69 (CAD 0.36) per share by way of a 12-month forward contract dated September 20, 2002.

Vestrum has previously acquired 2,000,000 warrants with maturity dating May 1, 2003; including 1,750,000 options granted by the Board of Directors. Vestrum's exposure now totals 4,750,000 shares in the company.

This News Release was prepared by the Board of Directors on behalf of Crew Development Corp. which is solely responsible for its contents. For more information or to be put on the email list, please contact the Vancouver Office, 604-683-7585; or US/Canada Toll Free: 1-866-818-2211, email: ir@crewdev.com; or the Oslo Office at +47 67 59 2424, email: crew@crew.no. Visit the Website at http://www.crewdev.com.



        

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