Mr. Chris Wensley reports

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

Crestview Exploration Inc. has closed, subject to Canadian Securities Exchange approval, the 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. Each warrant is exercisable into one common share of the company at a price of 16 cents 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 16 cents per common share for a term of two years from the date of issuance.

The securities issued under the offering 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.

About Crestview Exploration Inc.

Crestview Exploration is an experienced exploration company focused on the exploration and development of its portfolio of gold and silver properties located in prolific mining districts of Nevada.

We seek Safe Harbor.