CXT Creso Exploration Inc.

Creso Exploration Inc. ("Creso" or the "Corporation") (TSX
VENTURE:CXT)(OTCQX:CRXEF)(FRANKFURT:C3X) is pleased to announce an agreement
with Nichromet Extraction Inc. ("Nichromet") to develop the Minto gold deposit
using patented environmentally friendly extraction processes (the "Project").
The Project is part of a 24 million dollar demonstration plant financed by
Nichromet and supported by Sustainable Development Technology Canada ("SDTC"), a
not-for-profit foundation that finances and supports the development and
demonstration of clean technologies, who in February of 2013, committed $5
million in support of Nichromet's gold refining process.


The Project, located within the Shining Tree district of northeastern Ontario,
will use an open pit mining method to extract a 30,000 tonne bulk sample, at a
projected rate of 1,200 tonnes per day ("TPD"). Crushing and stockpiling for
processing will be done onsite. All cost incurred beyond the stockpiling will be
incurred by Nichromet. The modular processing plant, to be built by Nichromet
and at its cost, will include grinding and flotation and is planned to operate
at a rate of 300 TPD. The concentrate product will be transported to Nichromet's
demonstration plant in Thetford Mines, and 100% of the gold recovered will be
returned to Creso.


Operations are scheduled to begin in April of 2014, once the permitting process
is completed, and are anticipated to last for approximately 8 months, during
which time, site will be prepared, concentrator will be built and the bulk
sample will be mined and processed.


Share Exchange

Dundee Corporation transferred to Nichromet, a private Canadian company
controlled by Dundee Corporation, 19,779,000 common shares ("Creso Shares") in
the capital of Creso and 9,500,000 Creso common share purchase warrants ("Creso
Warrants") in exchange for Nichromet common shares. The terms of the Creso
Warrants remain unchanged whereby each Creso Warrant entitles Nichromet to
purchase one Creso Share at an exercise price of $0.10 per common share. An
aggregate of 5,000,000 of the Creso Warrants expire July 9, 2014 and the
remaining 4,500,000 Creso Warrants expire December 21, 2014. 


Loan 

Creso also announces that it has borrowed $500,000 from Nichromet. The loan is
unsecured and bears interest at a rate of 6% per annum payable on maturity. The
principal amount of the loan together with interest thereon is due and payable
July 10, 2014. The loan proceeds will be used for working capital purposes.


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.


About Nichromet 

Nichromet Extraction Inc. is a private Canadian company controlled by Dundee
Corporation that has developed patented precious and base metal extraction
processes that are environmentally friendly in that the residues of mining
operations are totally void of contaminants such as sulfur, arsenic, etc. These
new processes are based on chlorination and are particularly efficient for the
treatment of polymetallic ores either in the form of sulfides, oxides, or
arsenides. These chloride based patented processes are in fact a substitute to
cyanidation which is commonly used in the mining industry.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pierre Gauthier
Chairman, Interim President and CEO
(514) 866-6001 # 239
(514) 866-6193 (FAX)
info@creso.ca
www.creso.ca


Douglas Murray
Investor Relations
(613) 220-0569 / (613) 882-7295
dmurray@creso.ca

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