Crescent Resources Extends Warrant Term

House and Home House and Home

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Crescent Resources Extends Warrant Term

^{Published on 2009-12-23 05:10:17 - Market Wire}

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 23, 2009) - Crescent Resources Corp. (TSX VENTURE:CRC) ("Crescent") has decided to extend the term of 1,879,000 share purchase warrants (the "Warrants") with an exercise price of $0.35 by one year. The Warrants were issued as a part of a private placement and would have otherwise expired on January 13, 2010. Subject to regulatory approval the Warrants will now expire on January 13, 2011. Insiders hold 10.6% of the Warrants. Warrants issued to agents as compensation in that private placement will expire on January 13, 2010.

Crescent Resources:
Crescent is a junior exploration company currently focused on exploring and developing the Rattlesnake Hills North Project in Wyoming. The Company is managed by an experienced team with several discoveries attributable to the group. Crescent currently has 38.5 million shares outstanding and trades on the TSX.V – symbol: CRC.

CRESCENT RESOURCES CORP.

Michael Hopley, President and Chief Executive Officer

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."