Crown Gold Amends Payment Date and Clarifies Ex-Dividend Date on Four Cent Special Taxable Dividend

TORONTO, CANADA, September 5, 2012 - Crown Gold Corporation ("Crown" or the "Company") (TSX Venture: CWM) is revising the payment date of the previously announced special taxable dividend of Cdn$0.04 per common share, to September 25, 2012 from the originally planned payment date of October 31, 2012. The Company also wishes to clarify the ex-dividend date. Under the rules of the TSX Venture Exchange effective February 2012, the Company's share will trade "Due-Bills" between the second trading day prior to the record and the payment date. This will entitle the holder of the Company's shares as of September 25, 2012 to be entitled to receive the special taxable dividend. Therefore, the ex-dividend date, being the first day the shares will trade without the right to the dividend, will be September 26, 2012. Shareholders who sell their shares before or on the payment date will not be entitled to receive the special taxable dividend from the Company.

Due-Bills obligate sellers (who were shareholders of record on September 7) to deliver the dividend to the buyer. The due-bill obligations are settled customarily between the brokers representing the buyers and sellers of the stock. Crown has no obligations for the processing of the due-bill.

For more information please see the Crown website at www.crowngoldcorp.com.


For Further Information Contact:

Mr. Stephen Dunn, President and CEO, Crown Gold Corporation (416) 361-2827 or email info@crowngoldcorp.com



Neither the 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 press release.

This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws and regulations, including statements regarding the future activities of the Company. Forward-looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "anticipates", "expected to", "plans", "planned" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward-looking statements is subject to a number of risks, including those described in the Company's management discussion and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward-looking statements.