Crown Gold Clarifies May 5 News Release
TORONTO, ONTARIO -- (Marketwire) -- 05/06/11 -- Crown Gold Corporation ('Crown' or the 'Company') (TSX VENTURE: CWM) wishes to retract the disclosure in the May 05, 2011 news release of 'an additional 41,000 ounces of gold ...grading between 1 g/t and 2 g/t...' and 'management believes that up to an additional 250,000 ounces of gold may also be available...'. These quantities have not been characterized as current mineral resources. The cost analysis disclosed in the news release was also not meant to imply that any economic viability has been determined for the proposed operation. This would require the support of a feasibility study, which has not been completed.
For more information please see the Crown website at www.crowngoldcorp.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Crown Gold Corporation
Mr. Stephen Dunn
President and CEO
(416) 361-2827
Crown Gold Corporation
Dr. Anthony Taylor
Executive Chairman
(775) 284-7200
info@crowngoldcorp.com
www.crowngoldcorp.com