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News Release - May 5/06
News Release - May 5/06PRESS 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