Pacific Coal Resources Ltd. New VGGGD

News Release - May 5/06

[TREV16]

PRESS RELEASE NR 2006-3 For Immediate Release May 5, 2006 Vancouver, British Columbia TSX Venture Exchange: CRC CRESCENT RESOURCES PROGRESS REPORT FROM THE MATUPA GOLD PROJECT, BRAZIL Crescent Resources Corp. (CRC/TSX/V) provides an update on the 4,000 metre diamond drill program currently underway at the Matupa Gold Project in Mato Grasso State, Brazil. As of May 2, 2006, fourteen diamond drill holes have been completed, approximately half of the initial planned program. An unusually wet rainy season caused difficulties in accessing drill sites and in logistical problems of transporting drill core to the lab. Receipt of assay results has been slower due to a very high workload currently experienced at the assay lab. The rainy season is over, logistics are significantly improved and drilling is now progressing much more efficiently. Assay results are expected by the end of May and will be released as available. The drill program is designed to test some of the better Rio Tinto drill intercepts (e.g. 62.05m @ 1.61 g/t gold; 49.54m @ 1.24g/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 artisanal open pits, with an objective of increasing defined gold mineralization. Crescent is a mineral exploration and development company with a defined growth strategy of adding value through discovery and rapid project advancement through exploration. Crescent is currently focused on the exploration of the Matupá Gold Project in Mato Grosso State, Brazil and the Boulder Lake Uranium Project in northern Manitoba. Crescent can earn 100% of these projects. These projects were acquired based on management’s belief that they have the potential for further discovery and growth. The Company has 17.3 million shares common shares outstanding and is well funded to conduct the planned exploration programs. Michael J. Hopley, President and CEO of Crescent, is the Qualified Person, as defined in NI 43-101, and is responsible for the preparation of the information contained in this news release. CRESCENT RESOURCES CORP. “Michael Hopley” President and Chief Executive Officer For further information please contact Don Halliday, Vice President Corporate Development at 604-899-1505