CSTJ Creston Resources Ltd (CE)

Creston Resources LTD (Pink Sheets:CSTJ) announced it has closed on a senior secured debt issuance of $1,535,000. The proceeds will be used to pay off existing senior debt and for working capital. Brian Jones, who was appointed president of the company in April, said, �This funding represents an important step forward for Creston, which allows us to restructure our debt under more favorable terms and apply remaining proceeds toward reestablishing production from several of our company's wells and pursue other production projects. It also demonstrates a vote of confidence by our investors in our development plans as we look to take advantage of a number of opportunities with oil prices now at a nine-month high.� About Creston Resources LTD Creston Resources is an emerging oil and gas exploration and production company focused on the development in the prolific Uintah basin of Utah. The company's strategy includes increasing production by reworking its lower production wells (which may include, in some cases, perforating new zones) and drilling new wells from among the offset and infield locations available on its acreage. Most locations are believed to offer multiple prospective pay zones, from moderately shallow to moderately deep. Creston will also seek additional opportunities to acquire projects with production and/or acreage with proven or potential reserves. For more information, visit www.crestonresources.com. About Forward Looking Statements Statements contained in this 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.