Crown Gold Proposed $200,000 Non-Brokered Private Placement

Crown Gold Corporation ("Crown" or the "Company") (TSX VENTURE:CWM) announces a
proposed non-brokered private placement for aggregate gross proceeds of up to
$200,000 comprised of up to 4,000,000 units at a price of $0.05 per unit (each
such unit being comprised of one common share and one warrant) (the "Offering").
Each whole warrant will entitle the holder to purchase one common share for
$0.10 at any time within 9 months after closing subject to an acceleration
clause. All securities issued pursuant to this private placement will be subject
to a four (4) month hold period. Completion of the private placement is subject
to receipt of all required regulatory and other approvals. The Company reserves
the right to increase or decrease the size of the Offering. 


The gross proceeds from the Offering will be used for working capital purposes. 

About Crown

Crown Gold is exploring for high grade gold and silver deposits in Nevada and
Ontario. 


In Nevada, Crown has NI 43-101 compliant inferred resource at Monte Cristo of
3,158,347 tonnes at a grade of 3.02 g/t gold at a 0.5 g/t gold cut-off, a total
of 306,000 ounces. At Sugarloaf Peak, the Tip Top Mine has a 43-101 compliant
indicated resource of 353,100 tonnes at a grade of 3.27 g/t gold at a 1.0 g/t
gold cut-off, a total of 37,000 ounces. In addition, an inferred resource
amounts to 293,500 tonnes at a grade of 2.47 g/t gold, also at a 1.0 g/t
cut-off, a total of 23,000 ounces. 


In Ontario, Crown continues to evaluate both high-grade, underground, gold
potential of a quartz vein system as well as larger tonnage, open pit gold
potential on its McKenzie Island property at Red Lake.  


Dr. Anthony Taylor, a Certified Professional Geologist, is designated as the
Qualified Person under National Instrument 43-101 and has reviewed and approved
the technical contents of this news release.


This press release contains forward-looking statements within the meaning of
applicable Canadian and U.S. securities regulation, including statements
regarding the future activities of the Company. Forward-looking statements
reflect the current beliefs and expectations of management and are identified by
the use of words including "will", "anticipates", "expected to", "plans",
"planned" and other similar words. Actual results may differ significantly. The
achievement of the results expressed in forward-looking statements is subject to
a number of risks, including those described in the Company's management
discussion and analysis as filed with the Canadian securities regulatory
authorities which are available at www.sedar.com. Investors are cautioned not to
place undue reliance upon forward-looking statements.

Crown Mining (TSXV:CWM)
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