Drilling Program Begins At The Uncle Sam Gold Project 

VANCOUVER, BC - Crescent Resources Corp. reported that the Company's initial diamond drill program is now underway at the Uncle Sam Gold Project in the Tintina Gold Belt, Alaska. The project is located 110 kilometers southeast of Fairbanks, Alaska. This program will consist of approximately 2,100 meters of large diameter (HQ size) diamond drilling that will initially focus on two highly prospective gold targets, the Lone Tree and Wolf prospects. Crescent Resources is funding the program and Millrock Resources is the operator.

Drilling will target a strong gold in soil anomaly on the Lone Tree Prospect that measures approximately 4,000 meters in length and up to 1,000 meters wide. Previous drilling by other operators has returned encouraging results such as drill holes USC-011, 19.22 meters averaging 2.03 g/t gold and USC-013, 6 meters averaging 1.79 g/t gold and 14 meters averaging 1.65 g/t gold. Management believes this area has not been fully or properly tested and will focus on expanding the area of gold mineralization and testing for extension at depth. Crescent Resources is funding the drill program and Millrock Resources is the operator of the program. Drilling will target another very strong gold in soil anomaly on the Wolf Prospect measuring over 2,000 meters in length and 1,000 meters in width that has returned encouraging results from previous operators such as drill hole USRC-22, 15.54 meters averaging 4.45 g/t gold and USR  055, 13.72 meters averaging 1.34 g/t gold. This area has not been fully tested and the drill program will focus on confirming previous results, expanding the area of known mineralization and testing for extension at depth. The drill intersections reported for the Lone Tree and Wolf prospects are from prior project operators. The Company cautions that the intersections have not been independently verified and it is not known if the reported intervals represent true widths. The planned drilling program is in part designed to determine and establish the structural orientation of the mineralized zones with greater certainty. Crescent executed a definitive agreement with Millrock Resources Inc. on December 15, 2010 whereby Crescent can earn a 100% interest in Millrock's rights to the property which is located 110 kilometers southeast of the city of Fairbanks. The project is an intrusion related gold target hosted in a similar age of intrusive rocks to those which host the large Pogo Gold Mine approximately 60 kilometers to the east of the Uncle Sam Gold Property. A comprehensive exploration data package provided to Millrock by previous operators indicates that there are extensive anomalous areas defined by surface gold geochemistry and numerous significant drill intercepts that indicate strong potential for a large new gold discovery. The company's address is 1490 - 1075 West Georgia, Vancouver, BC V6E 3C9, 604.688.9478, fax: 604.688.9458, email: [email protected].