~~TRADING~~Press ~~SYMBOL: TORONTO~~Release &– ~~OSLO:~~24th ~~CRU~~April 2007

~~FRANKFURT~~LONDON, United Kingdom: Crew Gold Corporation ("Crew" or "the Company") (TSX: CRU) (OSE: CRU) (Frankfurt: KNC ) (OTC-BB-~~other:~~Other; CRUGF.PK) today announced:-

~~LONDON,~~Significant ~~United~~Resource ~~Kingdom:~~Increase ~~February~~at 5,Masara ~~2007 - Crew~~ Gold ~~Corporation~~Operation, ~~(“Crew” or the “Company”) (TSE & OSE: CRU; Frankfurt: KNC; OTC-BB- other: CRUGF.PK.~~ Philippines

Crew is pleased to announce ~~the~~a ~~achievement~~significant ofincrease ain ~~major~~total ~~milestone~~resources for the ~~LEFA~~Masara ~~Corridor~~Operation, ~~Gold~~Compostela ~~Expansion~~Valley ~~Project~~Province ~~with the first gold pour~~ on ~~Friday~~Mindanao ~~2nd~~Island, ~~February~~the Philippines.

~~The~~Based ~~expansion~~on ~~project~~diamond atdrilling ~~Lefa,~~and ~~comprising~~underground development, the ~~construction~~Indicated ofResource ~~the~~as 7at ~~million~~February ~~tonne~~28, a2007 ~~year~~has ~~CIP~~increased ~~plant~~by ~~and~~15% ~~associated~~to ~~infrastructure~~0.304 ~~and~~million ~~mine~~ounces ~~expansion,~~(1.46 ~~has~~million ~~been~~tonnes ~~completed~~@ in6.5 ~~less~~g/t ~~than~~Au) 18compared ~~months~~with 0.263 ~~General~~million ~~Manager-LEFA~~ounces ~~Operations, Mr~~(1.26 ~~Iain~~million ~~Anderson,~~tonnes ~~said~~@ ~~”This~~6.5 ~~event~~g/t ~~represents~~Au) areported ~~significant~~previously ~~milestone~~ in ~~the~~August ~~life~~2006. ofInferred ~~our~~Resources ~~project~~have ~~and~~increased Iby ~~thank~~over ~~all~~60% ~~our~~to ~~employees~~1.847 ~~for~~million ~~the~~ounces ~~commitment~~(9.60 ~~they~~million ~~have~~tonnes ~~demonstrated~~@ ~~and~~6.0 ~~their~~g/t ~~considerable~~Au) ~~efforts~~compared ~~which~~with ~~have~~1.145 ~~helped~~million toounces ~~create~~(5.74 amillion ~~world~~tonnes ~~class~~@ ~~operation~~6.3 g/t Au) in ~~record~~previous ~~time”~~estimates.

ToThe ~~date,~~updated ~~approximately~~resource ~~172,000~~estimate ~~tonnes~~is ofbased ~~lower~~on ~~grade~~more ~~stockpiled~~than ~~ore~~31,000 atmetres ~~1.15~~of ~~g/t~~core Audrilling ~~has~~together ~~been~~with ~~crushed~~514 ~~and~~metres ~~treated~~of ~~through~~underground ~~the~~ore ~~processing~~development. ~~plant~~Drilling athas anfocused ~~estimated~~on ~~recovery~~the ofMaligaya ~~95%.~~Trend ~~Plant~~hosting ~~throughput~~the isBonanza-Masara ~~increasing~~veins ~~with~~and the ~~second~~southern ~~mill~~continuations, ~~train~~known ~~(SAG~~as ~~Mill~~the 2Sandy-Jessie veins, ~~Ball~~with ~~Mill~~a 2)combined ~~due to come on~~strike-~~line~~length ~~during~~of ~~the~~over ~~week~~2,000 ~~commencing 5th February~~metres. ~~Production~~Resource ~~rates~~estimates ~~are~~for ~~expected~~those toveins ~~ramp~~outside upthe ~~through~~Maligaya toTrend ~~the~~are ~~end~~unchanged offrom the ~~first~~previously ~~calendar~~reported ~~quarter~~historic todata acompiled ~~targeted~~by ~~annual~~Snowden ~~production~~Mining ~~capacity~~Industry ofConsultants ~~350,000 ounces of gold~~(2006).

~~Results~~Prior ~~from~~to ~~the~~Crew’s ~~2006~~acquisition ~~exploration~~in ~~program~~2005, ~~have~~systematic ~~shown~~drilling ahad ~~clear~~not ~~potential~~been ~~for~~undertaken ~~annual~~on ~~production~~the different vein systems at ~~Lefa~~Masara. toMost ~~exceed~~historic ~~that~~development ~~originally~~was ~~contemplated~~small ~~during~~scale ~~the~~mining ~~Bankable~~of ~~Feasibility~~vein ~~Study~~systems exposed on surface. Historically, ~~The~~the ~~Company~~Maligaya system has ~~identified~~been ~~two~~partially ~~potential~~mined ~~areas~~from tothe ~~provide~~Masara anvein ~~increase~~above inthe ~~near~~590 ~~term~~metre ~~production~~level and from the Bonanza vein between the 560 and 590 metre levels. ~~Both~~Drilling ~~areas~~to ~~carry~~date ~~higher~~has ~~grade~~indicated that the mineralized systems at Masara could be more substantial than previously anticipated and that within the ~~present~~more ~~average~~than ~~reserve~~70 ~~grade~~metre ofwide 1Maligaya Trend alteration zone several additional veins are splitting and merging in an anastomising pattern.7 ~~g/t~~These veins and, ~~subject~~splits are essentially un-mined and the drilling and new resource evaluation in this structure has added significantly to ~~detailed~~the increased resources. Underground mine ~~scheduling,~~development ~~should~~along ~~enable~~the anfull ~~increased~~length of the Maligaya trend will allow for a progressive increase of production, ~~rate~~as tomore ~~around~~levels ~~400~~become established along the more than 2,000 ozmetres ~~per~~strike ~~year~~length ~~during~~that ~~2008~~is potentially accessible from the Malumon River valley.

~~Additionally,~~Please ~~and~~see ~~as previously reported, broad zones of high grade mineralisation have continued to be returned at depth from Lero-Karta in addition to Lero South. A scoping study has commenced with~~ the ~~purpose~~attached ~~of assessing a potential underground operation to extract these resources. Conceptually~~file, ~~this~~for ~~would~~full ~~deliver a further 60,000 to 80,000 ounces to total annual site production~~report.

~~Jan Vestrum, President and CEO of Crew stated “This first gold pour for the Lefa Expansion Project represents a landmark development in the transformation of Crew into a mid-tier gold producer~~http://www. ~~The entire team at Lefa and our contractor partners are to be congratulated for their combined efforts to achieve this result~~crewdev. This development, combined with the very encouraging exploration drill results previously reported, gives great confidence that Lefa will play a significant role in achieving Crew’s target of one million ounces annual gold production within the next two to three yearscom/pdf/CRU_NR240407_ResourceIncreaseatMasara.”pdf

Jan A Vestrum

President & CEO

Safe Harbour Statement

~~Certain~~This ~~statements~~news ~~contained~~release ~~herein,~~contains asforward-looking ~~well as oral~~ statements ~~that~~which ~~may~~reflect ~~be made by~~ the ~~company~~expectations ~~or by officers, directors or employees~~ of ~~the~~management ~~company~~and ~~acting on~~ the ~~company’s~~board ~~behalf, that are not statements~~ of ~~historical fact~~directors, ~~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 Gold Corporation is conducting business and/or investor relations. Forward~~-looking~~ ~~statements, include, but are not limited to those with respect to Crew Acquisition Corp.’s intention to proceed with the compulsory acquisition. Often, but not always, forward-~~looking statements ~~can~~typically becontain ~~identified by the use of~~ words such as “~~plans~~believes”, “~~expects~~anticipates”, “~~does not expect~~continue”, “iscould”, ~~expected~~“expects”, “~~targets~~indicates”, “~~budget~~plans”, “~~estimates~~will”, “~~forecasts~~may”, “~~intends~~projects”, “~~anticipates~~would” or ~~“does~~similar ~~not~~expressions ~~anticipate”,~~suggesting orfuture ~~“believes”,~~outcomes or ~~equivalents~~events, oralthough ~~variation,~~not ~~including~~all ~~negative~~forward-looking ~~variation,~~statements ofcontain ~~such~~these identifying words. ~~and~~Such ~~phrases,~~forward-looking orstatements ~~state~~reflect ~~that~~the ~~certain~~current ~~actions,~~beliefs ~~events~~of ormanagement ~~results,~~and ~~“may”,~~the ~~“could”,~~board ~~“would”,~~of ~~“might”~~directors orbased ~~“will”~~on beinformation ~~taken,~~currently ~~occur~~available orto ~~be achieved~~them. Forward-looking statements involve ~~known~~inherent risks and ~~unknown risks~~uncertainties, ~~uncertainties~~ and ~~other~~Crew ~~factors~~cautions ~~that~~readers ~~could~~not ~~cause~~to ~~the~~place ~~actual~~undue ~~results~~reliance ofon ~~the~~these ~~company~~statements toas bea ~~materially~~number ~~different~~of ~~from~~important ~~the~~factors ~~historical~~could cause Crew’s actual results orto ~~from~~differ ~~any~~materially ~~future~~from ~~results~~the ~~expressed~~beliefs orand ~~implied~~expectations byexpressed in such forward-looking statements. ~~Such~~Factors ~~risks~~that ~~and~~could ~~uncertainties~~cause ~~include,~~actual ~~among~~results ~~others,~~to ~~the~~differ ~~price~~materially offrom ~~gold,~~the ~~fluctuations~~results indiscussed ~~financial markets, investor interest~~ in the ~~proposed~~forward-looking ~~private~~statements, ~~placement.~~include, ~~Although~~but ~~Crew~~are ~~has~~not ~~attempted~~limited to, ~~identify~~the ~~important~~ factors ~~that~~discussed ~~could~~under ~~cause~~the ~~actual~~heading ~~actions,~~“Risks ~~events~~and orUncertainties” ~~cause~~in ~~actions~~Crew’s ~~events~~Annual orInformation ~~results~~Form ~~not~~dated toOctober be10, ~~anticipated~~2006, ~~estimated~~as orfiled ~~intended,~~on ~~there~~SEDAR ~~can~~at bewww.sedar.com. noAlthough ~~assurance~~the ~~that~~ forward -looking statements ~~will~~contained ~~prove~~in tothis benews ~~accurate~~release asare ~~actual~~based ~~results~~upon ~~and~~what ~~future~~management ~~events~~and ~~could~~the ~~differ~~board ~~materially~~of ~~from~~directors ~~those~~believes ~~anticipated~~to ~~in such statements. Except as may~~ be ~~required~~current byand ~~applicable~~reasonable ~~law or stock exchange regulation~~assumptions, ~~the~~Crew ~~company~~cannot ~~undertakes~~assure noreaders ~~obligation~~that toactual ~~update~~results ~~publicly~~will orbe ~~release~~consistent ~~any~~with ~~revisions~~these toforward-looking ~~these~~statements. The forward-looking statements tocontained ~~reflect~~herein ~~events~~are ormade ~~circumstances~~as ~~after~~of the date of this ~~document~~news orrelease toand ~~reflect~~are ~~the~~expressly ~~occurrence~~qualified ofin ~~unanticipated~~their ~~events~~entirety by this cautionary statement. ~~Accordingly,~~Crew ~~readers~~undertakes ~~should~~no ~~not~~obligation ~~place~~to ~~undue~~publicly ~~reliance~~update onor revise these forward-looking statements to reflect subsequent events or circumstances. Cautionary Note to US Investors – The United States Securities and Exchange Commission permits US mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as “measured”, “indicated”, and “inferred” “resources”, which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC. US Investors are urged to consider closely the disclosure from the SEC’s website at http://www.sec.gov/edgar.shtml.

~~Endnotes~~www.crewgold.com

~~News~~ Page ~~Release – February 5, 2007~~1

First Gold Pour from Lefa Expansion Project

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