CXT Creso Exploration Inc.

Creso Exploration Inc. ("Creso" or the "Corporation") (TSX
VENTURE:CXT)(OTCQX:CRXEF)(FRANKFURT:C3X) has issued 5,304,000 common shares
(each, a "Common Share") at $0.12 per Common Share and 3,333,334 units (each, a
Unit) at $0.15 per Unit for total consideration of $1,136,480 pursuant to
non-brokered private placements. Each Unit is comprised of one flow-through
common share and one-half of a Common Share purchase warrant (each whole
warrant, a "Warrant"). Each Warrant entitles the holder to purchase one Common
Share at $0.20 for two years. As finders' fees, Creso paid in cash 10% of gross
proceeds and granted 235,200 options, each entitling the holder to purchase one
Common Share at a price of $0.12 for one year.


All securities issued have a hold period of four months from the date of closing.

The proceeds of the flow-through financing will be used to finance the
exploration work on the Corporation's properties in the Shining Tree area and
will constitute Canadian exploration expense ("CEE") (as defined in the Income
Tax Act). The balance of the net proceeds will be used to finance the
exploration work on the Shining Tree properties and for working capital
purposes.


The Common Shares and Units have not been and will not be registered under the
U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state
securities laws, and may not be offered or sold, directly or indirectly, or
delivered within the United States or to, or for the account or benefit of, U.S.
persons (as defined in Regulation S under the 1933 Act) absent registration or
an applicable exemption from the registration requirements. This news release
does not constitute an offer to sell or a solicitation to buy such securities in
the United States.


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 its work program.

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