Mr. Chris Wensley reports

CRESTVIEW EXPLORATION ANNOUNCES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FINANCING

Crestview Exploration Inc. has arranged a first tranche of a non-brokered private placement financing in the aggregate amount of $104,240 with issuance of 1,303,000 units at a price of eight cents per unit. Each unit consists of one common share of the Company and one share purchase warrant of the Company (the " Offering "). Each warrant is exercisable into one common share of the Company at a price of $0.16 per common share for a term of two-years from the date of issuance. The Company intends to use the proceeds of this Offering for its Nevada properties claim renewal, permitting, and general corporate purposes.

The Company will pay $4,300 in cash and issue 54,000 warrants as compensation to qualified finders as part of this Offering. Each warrant is exercisable at a price of $0.16 per common share for a term of two-years from the date of issuance.

The securities issued under the Offering will have a hold period expiring four months and one day from the date of issuance pursuant to applicable Canadian securities laws. Closing of the Offering remains subject to regulatory approvals, including approval of the Canadian Securities Exchange.

The securities offered in the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the " U.S. Securities Act ") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the United States, nor in any other jurisdiction.

We seek Safe Harbor.