Crown Gold Corporation ("Crown" or the "Company") (TSX VENTURE:CWM) announces
that its shareholders have approved all resolutions put before them by
management at the annual general meeting held today, July 26, 2012. The approved
resolutions included the election of the three director nominees, the
re-appointment of the auditor, the ratification of the Corporation's stock
option plan, the sale of the company's Monte Cristo property to a subsidiary of
Hecla Mining Company, and the distribution of $US 3,650,000, and potentially
more, to all shareholders as of a record date to be determined by the board of
directors once the Monte Cristo sale has been closed. Closing of the Monte
Cristo sale is expected in the third quarter of 2012.


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

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.
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