Operations Update: Crescent is pleased to advise that haulage operations recommenced last week from the Laverton area pits down to the Granny Smith Mill.

Stockpiles are building up well for Crescents next campaign through Granny Smith which commences in early April.

Mining operations are continuing as per the Companys announcement made on 4 March 2011.

Mining is currently underway in the Craiggiemore and Grouse open pits.


Rehabilitation work on the Fish haul road will commence shortly to enable the Company to restart mining at Fish, which is expected to provide higher grade feed later in calendar year 2011.


The Company has now completed its revision of production scheduling and budgets for the next 12 months, which are expected to be approved by the Board shortly.

Accordingly these forecasts should continue to be considered preliminary in nature.

The impact of the rains is expected to reduce forecast production for the full year to December 2011 to between 80,000 and 90,000 ounces (down from a range of 105,000 to 115,000 ounces).

An anticipated reduction in costs and increasing grade profile should result in positive cash flow through this period.



Questions can be directed to: Mark Tory or Renee Brickner Interim Managing Director/CFO
Geologist, Corporate Communications N.A Perth, Australia
Vancouver, BC Ph: +61 8 6380 7100
Ph: +1-604-802-6806
To Unsubscribe simply reply to this email with the words "Unsubscribe" in the Subject line.
-- Message protected by MailGuard: e-mail anti-virus, anti-spam and content filtering. http://www.mailguard.com.au