Crest Resources Inc. announced the resignation of Mark Lotz as the Chief Financial Officer, Corporate Secretary and as a director of the company, effective immediately. Mr. Lotz will continue to provide financial consulting services to the Company. The company also announced the appointment of Emma Fairhurst to the board of directors of the company and the appointment of Sean Ty as Chief Financial Officer and Corporate Secretary of the Company (the "Board"), effective immediately.

Ms. Fairhurst has in excess of 15 years of experience in the financial and public company markets, with the majority of her time spent involved in the Canadian resource capital market and more recently the Australian capital market. Previously, Ms. Fairhurst worked at Canaccord Genuity where she administered assets, private placements and financings. Ms. Fairhurst will also serve on the audit committee of the Board as an independent member.