Crescent Resources Limited (TSX:RCB)(FRANKFURT:7RC) ("RCR"), a base metals
focused mineral exploration and mine development company with operations in
Turkey, today announced that it will be delayed in the filing of its third
quarter interim financial statements and related management discussion and
analysis (MD&A) for the three and nine month periods ended September 30, 2012,
beyond the filing deadline of November 14, 2012. This is due to staff turnover
in the finance group of the Turkish subsidiary, as a result of which, financial
statements for those entities have not yet been completed. Additional resources
have been provided and the Company expects to receive these and then complete
its consolidated third quarter interim financial statements and MD&A and file
these on or before November 30th and intends to satisfy the alternative
information guidelines of National Policy 12-203.


The statements made in this press release contain forward-looking statements
that may involve a number of risks and uncertainties. Actual events or results
could differ materially from RCR's expectations and projections.


About Red Crescent Resources Limited

Red Crescent Resources Limited (TSX:RCB)(FRANKFURT:7RC) is a Canadian-based
junior mining company targeting historically inaccessible areas in Turkey where
no modern application of exploration techniques or technology has been applied,
with high potential for discovery of significant base metal deposits. For more
information, please visit www.redcrescentresources.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Red Crescent Resources Limited
Dr. Selahaddin Anac
CEO
+ 90 532 341 22 51
+ 90 312 448 29 26 (FAX)
sanac@rcrholding.com.tr
www.redcrescentresources.com