LONDON,  United Kingdom: ("Crew" or "the  Company") (TSX, OSE: CRU) Reference is
made  to the announcement made by  Endeavour Financial Luxembourg SARL, a wholly
owned  subsidiary of Endeavour  Financial Corporation ("Endeavour")  that it has
purchased  37.9%  of the  Company's issued  and outstanding  common shares  in a
market  transaction.   Endeavour  is  a  TSX  listed integrated natural resource
merchant banking company.
Cameron   Belsher,   Chairman   of   Crew   commented:  "Endeavour's  investment
demonstrates  the value potential for our LEFA asset in Guinea, West Africa.  We
are tremendously excited to have the opportunity to work with Endeavour and be a
key  part of  their stated  strategy to  create value  through the building of a
strong  intermediate sized gold company.  Access to Endeavour's strong financial
and  operational team  will add  considerable depth  and experience  to Crew and
enhance Crew's ability to derive value from our principal asset at LEFA".
In  connection with  the transaction,  the Company  has agreed  to appoint three
nominees  of Endeavour  to the  Board of  Directors, including Frank Giustra and
Neil Woodyer, to join three of the existing Board members.  Cameron Belsher will
remain as Chairman.

                                William LeClair
                            Chief Executive Officer


Safe Harbour Statement

Certain  statements contained herein that are  not statements of historical fact
may  constitute forward-looking statements  and are made  pursuant to applicable
and  relevant national legislation (including the Safe-Harbour provisions of the
United  States Private  Securities Litigation  Reform Act  of 1995) in countries
where Crew is conducting business and/or investor relations. The words "expect",
"anticipate",  "will", "believe" and  "may", and other  similar expressions, are
often,   but   not   always   used   to   identify  forward-looking  statements.
 Forward-looking  statements  included  herein  relate,  but are not limited to,
statements regarding (1) the value potential for the LEFA asset, (2) Endeavour's
strategy  to create  value, (3)  the expected  impact of Endeavour's involvement
with Crew, and (4) the expected composition of Crew's board of directors.
Forward-looking  statements involve  known and  unknown risks, uncertainties and
other  factors  that  could  cause  actual  events  or  results to be materially
different   from   the   events   or   results  expressed  or  implied  by  such
forward-looking   statements.   In   evaluating  these  statements,  prospective
purchasers  should specifically consider  various factors that  may cause actual
events  or  results  to  be  materially  different  from  the  events or results
expressed or implied by such forward-looking statements. Risk factors that could
impact the Company include, without limitation, risks relating to operations and
production levels at the LEFA gold mine. Although Crew has attempted to identify
important factors that could cause actual events or results to differ from those
described  in  forward-looking  statements  contained  herein,  there  can be no
assurance  that  the  forward-looking  statements  will  prove to be accurate as
actual  events or results could differ materially from those anticipated in such
statements.

The  material factors and assumptions used to develop forward-looking statements
include,  without limitation, (1) the assumption that Endeavour will continue to
hold  the shares that it  purchased of Crew for  the foreseeable future, and (2)
the  assumption that  Crew will  remain a  key part  of Endeavour's  gold sector
strategy  and that Endeavour  will provide the  expected access to its financial
and operational team to Crew.

Except  as may be required  by applicable law or  stock exchange regulation, the
Company  undertakes no obligation to update publicly or release any revisions to
these  forward-looking statements to  reflect events or  circumstances after the
date  of this  document or  to reflect  the occurrence  of unanticipated events.
Accordingly,   readers  should  not  place  undue  reliance  on  forward-looking
statements.


[HUG#1378409]





    Crew Gold Corporation Announces Endeavour Financial Secondary Market Purchase: http://hugin.info/90/R/1378409/338952.pdf