DATE: February 28, 2010
TRADING SYMBOLS;
TORONTO AND OSLO - CRU
N E W S R E L E A S E
Unaudited results for the Quarter and Year ended December 31, 2009
LONDON, United Kingdom, February 28, 2010 - Crew Gold Corporation ("Crew" or
"the Company") (TSE, OSE: CRU) today announces;
Unaudited quarterly financial statements
The attached financial information is released by the Company to comply with the
rules of the Oslo Stock Exchange. Crew is a Yukon, Canada incorporated
corporation resident in the United Kingdom and is listed on the Oslo and Toronto
stock exchanges. The Company's primary listing is Toronto, and Norway is its
Home State for EU reporting purposes.
The Oslo Stock Exchange rules require that unaudited quarterly financial
statements be published no later than two months following each quarter end and
that the audited financial statements and annual report be published no later
than four months after the year-end. Applicable Canadian rules require the
Company to publish unaudited financial statements and the Management's
Discussion and Analysis ("MD&A") report explaining those statements no later
than 45 days after each quarter end, except for the fourth quarter ("Q4") when
the financial statements must be audited and the MD&A must discuss the complete
year. This year-end report must be filed no later than 90 days after the year
end.
On or before March 31(st), 2010, the company will publish its audited year-end
financial statements and MD&A and will conduct its conference call to discuss
the results for the year. This press release provides unaudited financial
results only.
William LeClair
CEO
SAFE HARBOUR STATEMENT
Certain statements contained herein that are not statements of historical fact,
may constitute forward-looking statements and are made pursuant to applicable
and relevant national legislation (including the Safe-Harbour provisions of the
United States Private Securities Litigation Reform Act of 1995) in countries
where Crew is conducting business and/or investor relations. Forward-looking
statements, include, but are not limited to those with respect to (1) the
expected timing of filing the Company's year-end financial results and the
timing of the conference call to discuss those results and (2) the content of
the Company's annual MD&A. Often, but not always, forward-looking statements
can be identified by the use of words such as plans, expects, does not expect,
is expected, targets, budget, estimates, forecasts, intends, anticipates or does
not anticipate, or believes, or equivalents or variation, including negative
variation, of such words and phrases, or state that certain actions, events or
results, may, could, would, might or will be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors that could cause the actual results of the Company to be
materially different from the historical results or from any future results
expressed or implied by such forward-looking statements. Such risks and
uncertainties include, among others, (1) the risk that Crew's timeline to file
its annual financial results will be longer than anticipated and the conference
call to discuss those results may be delayed as a result, and (2) uncertainty
regarding the final content of Crew's annual MD&A. Although Crew has attempted
to identify important factors that could cause actual events or results to
differ from those described in forward-looking statements contained herein,
there can be no assurance that the forward-looking statements will prove to be
accurate as actual results and future events could differ materially from those
anticipated in such statements.
The material factors and assumptions used to develop forward-looking statements
which may be incorrect, include, but are not limited to, (1) there being no
significant disruptions that cause Crew to delay the filing of its year-end
results, and (2) the content of Crew's annual MD&A being consistent with current
expectations.
Except as may be required by applicable law or stock exchange regulation, the
Company undertakes no obligation to update publicly or release any revisions to
these forward-looking statements to reflect events or circumstances after the
date of this document or to reflect the occurrence of unanticipated events.
Accordingly, readers should not place undue reliance on forward-looking
statements.
[HUG#1389382]
Unaudited Q4 2009: http://hugin.info/90/R/1389382/347606.pdf
Q4 2009 Interim FS: http://hugin.info/90/R/1389382/347607.pdf