Creso Exploration Intersects 82.5 Meters of 13.3 g/t Au in Hole #1 at the Minto Project

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Creso Exploration Intersects 82.5 Meters of 13.3 g/t Au in Hole #1 at the Minto Project
Marketwire.com - Aug 9, 2010

MONTREAL, QUEBEC--(Marketwire - Aug. 9, 2010) - Creso Exploration Inc. ("Creso" or the "Corporation") (TSX VENTURE:CXT) (FRANKFURT:C3X) is pleased to announce partial results from the deepened portion of drill hole, MC-09-01 (Hole #1), at the Minto Gold Project in northeast Ontario. These new results are from within an over-90 meter interval of breccia that was reported in the July 21, 2010 Press Release as containing a zone of visible gold over 40 meters. Highlights from the most recent Minto area drill results, as received to date, include:

NEW MINTO HIGH GRADE INTERCEPTS:

MC-09-01 (Hole #1):

- 82.5m of 13.3 g/t Au from 508.5m to 591.4m (uncut), including: 8.3m of 35.2 g/t Au from 544.3m to 552.6m (uncut)).

- 82.5m of 11.0 g/t Au (cut at 31.1 g/t Au) from 508.5m to 591.4m (0.4m lost recovery at 516m).

The new results are particularly encouraging in that they present a deeper confirmation of significant gold mineralization by approximately 500m vertical distance, than previously intersected in the nearby MC-09-2 (Hole #2): 65.7m of 18.2 g/t Au from 49.3m to 115m (7.9 g/t Au cut at 31.1 g/t Au); 79.6m of 4.61 g/t Au from 132.4m to 212.0m (3.35 g/t Au cut at 31.1 g/t Au; and 5.0m of 8.24 g/t Au from 423.0m to 429.0m (June 9 & July 21, 2010 Press Releases). Hole #1 (initial 172º azimuth, -77º dip) is collared about 45m west of the historic Minto gold occurrence, and Hole #2 (initial 155º azimuth, -76º dip) is collared about 35m SW of Hole #1. Hole #1 is now ended at 919m depth and Hole #2 is ended at 672m depth. The holes cross one another and are approximately 52m apart in plan view.

Creso geologists conclude that the gold mineralization encountered in holes #1 and #2 appears to have a general northerly trend and dips steeply to either the east or west. However, there continues to be an apparent irregularity in the shapes and dimensions of the areas of gold mineralization and true widths of these zones still cannot be determined. Analyses are pending from approximately 300m of core from Hole #2, and 150m of core from above, and some 300m below, the zone reported here from Hole #1.

Gold mineralization found in Hole #1 remains open to the south and at depth. At 588.36m Hole #1 appears to have crossed into what has been tentatively given a field designation as a syenodiorite intrusive body. The intrusive displays intermittent brecciation and pervasive potassic alteration. The high grade gold mineralization encountered within the 58m interval of visible gold in breccia noted above beginning at 530m depth in Hole #1, and present in five discernable zones, is associated with quartz veining, sulphides up to 4% by volume, and pervasive potash alteration, indicative of an alkalic gold system.

The Minto Gold Project is located approximately 87 km south of Timmins and 85 km southwest of Kirkland Lake.

Quality Control / Assurance and Qualified Person

Core processing included descriptive logging and systematic sampling for analysis. The drill core was completely split in half, with one half delivered to AGAT Laboratories in Sudbury, Ontario, and the other half retained for future reference. Sample preparation, utilizing metallic sieve techniques, were performed on all samples from which new results are reported above. Quick pulverizing (15-20 seconds) is meant to prevent coarse gold from smearing into the sample. Following this the sample is screened to 100 microns with the finer fraction having a duplicate fire assay performed and a single assay done on the coarse fraction. All processed samples were run using ICP-OES (axial view) instrumental techniques on a 250 gram sample. The total gold content is calculated and reported, along with the individual assays and weight fractions. AGAT Laboratories were advised beforehand that visible gold was observed in several core samples in this batch, for the purpose of minimizing possible contamination during sample preparation.

All core and split samples were held under control by Creso staff at all times until shipment to AGAT Laboratories by their personnel, who picked-up the samples from the Minto core storage site, where all stored core is kept in a secure facility.

This Press Release has been reviewed and approved by Mr. Michael White, M. Sc, P. Geo., the Qualified Person under National Instrument 43-101.

Creso is also pleased to announce that the Board of Directors has appointed Mr Jacques Bouchard as a new member of the Company's Board of directors, replacing Mr Mark Raguz.

Mr. Bouchard is a Partner in the Montreal office of Heenan Blaikie and the firm's Director of International Business. He acts as advisor to large corporations as well as to various governments and state corporations. Mr. Bouchard takes part in major international mandates and regularly assists corporations in the pursuit of their overseas projects, particularly in the mining, energy, telecommunications and infrastructure sectors. Possessing an exceptional reputation in his field and recognized for his achievements in major projects, Jacques Bouchard is listed as one of the outstanding international experts on mining law in the Who's Who of Mining Lawyers published by Who's Who Legal. Mr. Bouchard sits on the board of numerous corporations and organizations.

About Creso

The Corporation's principal mining exploration holdings are located in the Shining Tree mining camp of Northern Ontario within 100 km of the Timmins and Kirkland mining camps, and additional interests are held in base metal properties in Guatemala.

This release contains forward-looking statements that are based on beliefs of its management as well as assumptions made by and information currently available to management of the Company. When used in this release, the words "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", and the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current views of the Company with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in this release. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information in this press release is made as of the date of this press release, and Creso disclaims any intention or obligation to update or revise such information, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact
Creso Exploration Inc.
Robert Casaceli
President and CEO
514-866-6001 # 239
514-866-6193 (FAX)
scarrasco@creso.ca
or
Creso Exploration Inc.
Douglas Murray
Investor Relations
613-882-7295
613-882-7467 (FAX)
douglas2418@gmail.com
www.creso.ca