CSTJ Creston Resources Ltd (CE)

Creston Resources LTD (Pink Sheets:CSTJ) announced that on July 2, 2007 it closed on an additional $372,000 of its Senior Secured Notes and $216,000 of existing debt converted into the offering for a total of $2,123,000. The 10% Notes mature on May 1, 2010 and carry warrants�that have an average strike price of 18 cents per share.�Bathgate Capital Partners acted as exclusive placement agent for the offering, which was placed with institutional and accredited investors. Brian Jones, president of Creston Resources, stated, �These additional funds will primarily go towards the high priority wells under our refurbish and workover program. I am also pleased to report that we have reestablished production on the first several wells in the program. If results continue similar to the first several wells, Creston should begin generating cash flow in line with management�s goals.� The company plans to issue a production update when 14 wells have been brought on line. 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.