Pacific Coal Resources Ltd. New VGGGD

New Drillin- - -News Release

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NEWS RELEASE TRANSMITTED BY CCNMatthews[IMAGE]FOR: Crescent Resources Corp.TSX VENTURE SYMBOL: CRC January 5, 2006Crescent Resources Signs Drill Contract for Matupa Gold Project, BrazilVANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 5, 2006) - Crescent Resources Corp. (TSX VENTURE:CRC) is pleased to announce that it has signed a 4,000 metre diamond drilling contract with Boart Longyear Geoserv of Brazil for the Company's Matupa Gold Project in Brazil. Under the terms of the contract, drilling is scheduled to commence on January 16, 2006. The drill program will be designed to verify some of the better Rio Tinto drill intercepts (e.g. 62.05m @ 1.61 g/t gold; 49.54m @ 1.24 g/t gold and 19.2m @ 2.13 g/t gold) as well as to test other drill targets on the property, particularly in the areas where there are several large open pits, with an objective of increasing defined gold mineralization. Rio Tinto and Western Mining conducted exploration work at Matupa in the late 1990's. Matupa Gold Project: Crescent has an option to purchase 100% of the Matupa Gold Project as outlined in the Company's March 17, 2005 news release. The property covers an area of approximately 6,000 hectares in northern Mato Grosso State, Brazil, approximately 250 kilometres south of BrazMin's Sao Jorge exploration gold project, also previously explored by Rio Tinto in the 1990's. The Matupa Gold Property has excellent infrastructure and a year round operating climate.