VANCOUVER, British Columbia, Oct. 21, 2002 (PRIMEZONE) -- Crew Development Corporation (TSE:CRU) (Other OTC:CRWVF) (Frankfurt:KNC) (Oslo:CRU):
A decision has been made to call for a general election to the Greenland national assembly following a vote of no confidence versus the current Prime Minister and his cabinet. The election is to be held on December 3, and a new cabinet is to be appointed within a maximum of 45 days of the election.
The Nalunaq project enjoys unanimous political support, and this development is thus not expected to affect the outcome of the application for a mining permit at Nalunaq submitted to the authorities by Crew Development Corporation and its commercial partner, state-owned Nuna Minerals of Greenland. The processing of the application will continue as normal in the Bureau of Mines and with other relevant authorities, but the timing of a political decision may be affected by the appointment of a new cabinet.
"Jan A. Vestrum" President and C.E.O.
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 our 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 our website at http://www.crewdev.com.