NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.


Crew Energy Inc. ("Crew") (TSX:CR) is pleased to announce that it has closed its
previously announced offering of 7,000,000 common shares at an issue price of
$6.20 per share, for total gross proceeds of $43.4 million, through an
underwriting syndicate co-led by GMP Securities L.P. and Macquarie Capital
Markets Canada Ltd. and including Cormark Securities Inc., Clarus Securities
Inc., TD Securities Inc., FirstEnergy Capital Corp., Tristone Capital Inc., CIBC
World Markets Inc., BMO Nesbitt Capital Markets, and Scotia Capital Inc.


The securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful.


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