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File: Crest NR Share Consolidation - 10.21.14 v2.pdf

                                                                                 CREST PETROLEUM CORP.
                                                                           800 - 1199 West Hastings Street
                                                                                          Vancouver, B.C.
                                                                                         Canada, V6E 3T5




                   CREST PETROLEUM ANNOUNCES PLANNED SHARE CONSOLIDATION


October 21, 2014                                                         TSX Venture Exchange
                                                                         Trading Symbol: CTP.H

Vancouver, British Columbia

Crest Petroleum Corp. ("Crest" or the "Company") � CTP.H: NEX. Crest announces plans to consolidate
all of the issued and outstanding common shares of the Company on an up to five for one basis. The
proposed share consolidation is subject to TSX Venture Exchange (the "Exchange") approval. The
proposed share consolidation has been approved by the Company's board of directors and is being
proposed in light of current market conditions.

The effect of the proposed consolidation will be to reduce the number of common shares issued and
outstanding from 8,750,000 pre-consolidated common shares to 1,750,000 post-consolidated common
shares.

Crest also announces the resignation of Adam Cegielski from the board of directors. The Company
thanks Mr. Cegielski for his service to the company.

For more information, please contact:

 Toby Pierce
 President and Chief Executive Officer
 Phone: +44 751 713 1747
 Email: toby@crestpetroleum.com

This news release contains certain statements that may be deemed "forward-looking statements".
Forward-looking statements are statements that are not historical facts and are generally, but not always,
identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects",
"potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or
"should" occur. Although the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in forward-looking statements. Forward-
looking statements are based on the beliefs, estimates and opinions of the Company's management on
the date the statements are made. Except as required by law, the Company undertakes no obligation to
update these forward-looking statements in the event that management's beliefs, estimates or opinions,
or other factors, should change.
 THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S.
NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER
TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE
UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE
OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT
THEREFROM.