CSTJ Creston Resources Ltd (CE)

Creston Resources, Ltd. (Pink Sheets: CSTJ) announced today that Creston's oil and gas well located in Carbon County, Wyo., designated as Creston 3-3, was completed on January 14, 2007. This well produced 2.7 million cubic feet of natural gas during its first day of production while maintaining a pressure of at least 1,000 psi. Creston anticipates that production will decline over a 5-to-10-year period according the decline curve patterns of other similar wells in the area. Creston�s best estimate of the condensate crude oil production from this well is approximately 30 bbls per day. This well is a joint venture between Creston and BP America Production Co. (formerly British Petroleum). Creston Resources owns a one-eighth interest in the well, as well as in the surrounding leasehold properties (640 acres). Creston estimates that within the surrounding leasehold area it will be possible for BP America Production Co. to drill an additional six (6) wells. Further information on this will be placed on Creston Resources, Ltd.'s web site at www.crestonresources.com. Statements on this page release that are not historical facts are forward-looking statements that involve risks and uncertainties, which may cause the company's actual results in future periods to be materially different from any results discussed in or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, the company's ability to acquire productive oil and/or gas properties and to successfully drill and complete oil and/or gas wells on such properties, the inherent uncertainty of oil and gas exploration and production, general economic conditions, as well as other risks and uncertainties that may be detailed from time to time in additional documents issued by the company. Readers are cautioned not to place undue reliance on any forward-looking statements. The company assumes no obligation to update any forward-looking statements contained in this document.