Crew Energy Announces Exercise of Option to Purchase Third Tranche of British Columbia Montney Acreage

Crew Energy Announces Exercise of Option to Purchase Third Tranche of British 
Columbia Montney Acreage 
CALGARY, ALBERTA -- (Marketwired) -- 06/04/13 -- Crew Energy Inc.
("Crew" or the "Company") (TSX:CR) of Calgary, Alberta is pleased to
announce that it has exercised its option to purchase the third
tranche of Montney acreage (81 net sections) in northeast British
Columbia for a purchase price of $36 million (the "Acquisition").
Crew has the option, 10 days prior to closing, to elect to pay all
cash or pay a minimum of $10 million cash with the balance of the
consideration payable in common shares of Crew, the number of shares
to be determined based on the volume weighted average trading price
for the ten trading days immediately preceding closing. Completion of
the Acquisition is subject to satisfaction of customary conditions
and is expected to close on or before July 9, 2013. An updated map of
the Company's Montney acreage is posted on the Company's website at
www.crewenergy.com.  
Advisory 
This press release contains forward-looking statements. More
particularly, this press release contains forward-looking statements
concerning the completion of the Acquisition and the timing.
Forward-looking statements necessarily involve risks including,
without limitation, risks associated with closing of the Acquisition
and satisfaction of conditions thereto. As a consequence, the
Company's actual results may differ materially from those expressed
in, or implied by, the forward-looking statements. Forward-looking
statements or information are based on a number of factors and
assumptions which have been used to develop such statements and
information but which may prove to be incorrect. Readers are
cautioned that there is no assurance that the Acquisition will be
completed in a timely fashion, or at all. Although Crew believes that
the expectations reflected in such forward-looking statements or
information are reasonable, undue reliance should not be placed on
forward-looking statements because the Company can give no assurance
that such expectations will prove to be correct.
Contacts:
Crew Energy Inc.
Dale Shwed
President and C.E.O.
(403) 231-8850
dale.shwed@crewenergy.com 
Crew Energy Inc.
John Leach
Senior Vice President and C.F.O.
(403) 231-8859
john.leach@crewenergy.com 
Crew Energy Inc.
Rob Morgan
Senior Vice President and C.O.O.
(403) 513-9628
rob.morgan@crewenergy.com
www.crewenergy.com
 
 
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