Gold Crest Mines Inc. Announces Additional Claim Staking in Southwest Alaska

SPOKANE, Wash., Aug. 8 /PRNewswire-FirstCall/ — Gold Crest Mines Inc. (GCMN) and its wholly owned Alaskan subsidiary, Kisa Gold Mining Inc., are pleased to announce they have more than doubled their land position in southwest Alaska in the Tintina-Kuskokwim Gold Belt. In July of last year, Kisa staked approximately 22,500 acres of state ground in five claim groups near Kisaralik Lake. Core drilling and field exploration work are ongoing on these claims.

Over the winter months, geologic personnel studied regional data bases to determine additional exploration targets within the Tintina-Kuskokwim belt. This work resulted in the identification of seven different grass-roots level exploration targets. Previous work in the area is limited in scale and scope, primarily due to the remoteness of the area and the lack of meaningful geologic maps. However, by intently focusing on this area and utilizing multiple sources, we have been able to develop meaningful data from:

   — Published federal, state and academic manuscripts;   — Published and unpublished government geochemical data;   — Airborne geophysical surveys on neighboring ground: and,   — Corporate proprietary data sets.    

We have now staked the seven identified claim groups for a total of 319 claims and approximately 51,000 acres. The claims are in an area approximately 50 miles southwest of Donlin Creek and 45 miles northeast of our Kisaralik claims. We have over 1,600 stream sediment, heavy mineral concentrate samples and rock samples in the data base for this project. It is our intention to seek a joint venture partner to join with us in a defined Area of Interest and manage the exploration of this area.

Gold Crest Mines Inc. is a junior gold exploration company with properties in Alaska and Idaho, and is a reporting company under the Securities and Exchange Act of 1934. GCMN is in the process of upgrading its listing from the Pink Sheets to the OTCBB.

   For more information, please contact:   Tom Parker   President & CEO   Tel (509) 893-0171   

“Safe Harbor” Statement under Private Securities Litigation Reform Act of 1995:

Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Information contained herein contains “forward-looking statements” which can be identified by the use of forward-looking terminology such as “believe”, “expect”, “may”, “should”, “up to”, “approximately”, “likely”, or “anticipates” or the negative thereof or given that the future results covered by such forward looking statements will be achieved. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only for the date the statement was made. Investors should carefully consider the preceding information as well as information contained in any news release before making any investment in the shares of the company. Gold Crest Mines, Inc., undertakes no obligation to update any forward-looking statements.

Gold Crest Mines Inc.

CONTACT: Tom Parker, President & CEO of Gold Crest Mines Inc.,+1-509-893-0171