Announcements

Creston Resources Executes Crude Oil Contract
Tuesday August 7, 11:48 am ET

ROOSEVELT, Utah --(BUSINESS WIRE)-- Creston Resources LTD (Pink Sheets: CSTJ - News ) has executed a contract with a local refinery in the Uintah basin of Utah for crude produced from several of its wells that were recently brought on line.

Brian Jones, president of Creston Resources, stated, "Securing contracts with local refineries is an important step in our development program and towards our goal of generating positive cash flow. We have brought several wells into production since our last update, and are confident we can achieve production from the 14 wells targeted and prioritized by management with the capital raised in our recent debt offering."

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.

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.


Contact:
Creston Resources Ltd.  Brian Jones, president, 435-722-2992  Fax: 435-722-0978

Source: Creston Resources LTD

Creston Resources LTD Closes on $2,123,000 in Senior Secured Notes
Wednesday July 18, 8:45 am ET

ROOSEVELT, Utah --(BUSINESS WIRE)-- Creston Resources LTD (Pink Sheets: CSTJ - News ) 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.


Contact:
Creston Resources Ltd.  Brian Jones, president, 435-722-2992  Fax: 435-722-0978

Source: Creston Resources Ltd.

Creston Resources Closes $1,535,000 Debt Financing
Wednesday June 20, 8:45 am ET

ROOSEVELT, Utah-- (BUSINESS WIRE)-- Creston Resources LTD (Pink Sheets: CSTJ - News ) 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.

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.


Contact:
Creston Resources Ltd.  Brian Jones, President, 435-722-2992  Fax: 435-722-0978

Source: Creston Resources Ltd.

Creston Resources Appoints Brian Jones as Company President
Tuesday April 10, 12:55 pm ET

ROOSEVELT, Utah--(BUSINESS WIRE)- - Creston Resources LTD (Pink Sheets: CSTJ - News ) has hired Brian Jones as President of the company succeeding Jack Carson whose resignation was accepted in 2006. Mr. Jones has 23 years of experience at Halliburton Energy Services focused primarily on the Rocky Mountain region providing drilling completion and stimulation services for major independent operators. The past five years he has been a senior executive with Oilfield Maintenance Service ("OMS") located in Denver, CO. OMS provides services focused on increasing production from existing well bores. Mr. Jones will direct the company's efforts to take the steps necessary to bring the company's leases that are not presently in good standing into compliance with the terms of the leases. It is not certain that all of the open issues outstanding on the leases can be corrected. Additionally, Mr. Jones will focus on reestablishing production on the company's wells that have been shut in over the past several months and obtaining contracts from local refiners to purchase such production.

Creston Resources LTD recently completed the retirement to treasury of 11,000,000 shares of its common stock pursuant to an agreement that was in place with an existing shareholder. The company recently completed the private placement of its common stock raising $500,000 in an offering priced at $.05/share. The proceeds from the raise (which began in late 2006) have been used to pay debt, past due payables, the company's portion of the drilling costs associated with its Wyoming property and for general working capital needs.

Contact:

Creston Resources Ltd.

Deb Connelly, 303-438-8508


© 2005- Creston Resources