CXT Creso Exploration Inc.

Creso Exploration Inc. ("Creso" or the "Corporation")(TSX
VENTURE:CXT)(OTCQX:CRXEF)(FRANKFURT:C3X) announces:


Update on drilling program 

The Corporation is pleased to announce that it has signed a contract to initiate
up to 1,000-meter drilling contract on the Mann property. In addition, the
drilling program that started on October 18, 2011 is ongoing on the Tyranite,
Duggan and Minto properties. (See press release of October 18, 2011).


Matona Option 

The Corporation is pleased to announce it has reached an agreement with SAFE
Resources Ltd. ("Safe") to renew its option to acquire 100% of the Matona
property in consideration for an additional payment of $50,000 and the issuance
of 100,000 additional common shares of the Corporation. The issuance of the
common shares is subject to regulatory approvals. The other obligations of the
Corporation in connection with this option are the following: 




                      Cash Payments  Work Commitments 
   June 16, 2012       $450,000          $100,000     
   June 16, 2013       $300,000          $100,000     



Safe retains a 3% Net Smelter Return and Creso has the option to buy back a 2%
for $2 million. An additional payment of $2 million is to be made at the time
the property is brought into commercial production. (See press releases dated
June 22, 2010, August 31, 2010 and August 17, 2011)


The Matona property is located 3.5 km west of the Minto property (100% owned by
the Corporation) in Tyrrell Township, Shining Tree Area, Ontario.


Resignation of President and CEO 

Mr. Robert Casaceli has tendered his resignation as President and CEO of the
Corporation. Mr. Pierre Gauthier, Chairman of the Board, has accepted to act as
Interim President and CEO.


About Creso 

The Corporation's principal mining exploration holdings are located in the
Shining Tree mining camp of Northern Ontario within 100 km of the Timmins and
Kirkland Lake mining camps, and additional interests are held in base metal
properties in Guatemala. 


FORWARD LOOKING STATEMENTS: This press release contains forward-looking
statements that address future events and conditions, which are subject to
various risks and uncertainties. Actual results could differ materially from
those anticipated in such forward- looking statements as a result of numerous
factors, some of which may be beyond the Corporation's control. These factors
include: results of exploration activities, general market and industry
conditions, and other risks disclosed in the Corporation's filings with Canadian
Securities Regulators.


Forward-looking statements are based on the expectations and opinions of the
Corporation's management on the date the statements are made. The assumptions
used in the preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. The Corporation expressly
disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise,
except as required by applicable law. Depending on exploration results and
available financing, the Corporation may at any point modify the work program
for 2011.

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