Goldcrest announces results from its 1,385m RC drilling program

Goldcrest announces results from its 1,385m RC drilling program

Goldcrest Resources Ltd. is pleased to announce results from its recently completed reverse circulation (“RC”) drilling program on its 100% owned Kampti permit located in southernmost Burkina Faso, West Africa. A total of 16 holes were drilled to depths of up to 171 metres all at a 50 to 60 degree inclination to the west. Highlights from the drill program include a 3 metre intercept grading 63.52 g/t gold, including 1 metre of 187.92 g/t gold.

The drill program was designed to test a series of ground geophysical induced polarization (“IP”) anomalies identified during the orientation survey carried out June-July 2006 (see news release dated November 3rd, 2006). The IP survey identified a series of, roughly parallel N-S trending, resistive and/or chargeable structures which correlate well with the artisanal gold workings and with the gold mineralization intersected during the Company’s RC drilling campaign in February 2006.

Associated File:

http://www.goldcrestresources.com/i/pdf/NR/jan252007.pdf

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