Crew Gold Corporation ("Crew") (TSX:CRU) (OSLO:CRU) is pleased to announce that
at a special meeting held on 7th December 2010, Crew's shareholders approved the
previously announced plan of arrangement (the "Arrangement") which, when
implemented, will involve the acquisition (the "Transaction") by Nord Gold N.V.
and Nord Gold (Yukon) Inc. of all the issued and outstanding common shares of
Crew (not already owned by Nord Gold N.V. and Nord Gold (Yukon) Inc.) at a price
of US$4.65 per share in cash pursuant to the Arrangement. The final certified
results of the vote are 99.78% of common shares voted in favour of the
Arrangement, 0.22% voted against. A total of 101,488,334 votes were cast,
representing 94.92% of eligible outstanding common shares.


These totals exceed the required two-thirds of the votes cast on the arrangement
resolution by shareholders present in person or represented by proxy at the
special meeting. The Arrangement will be submitted to the Supreme Court of Yukon
for a final order of approval on December 10, 2010. 


The closing of the Transaction is expected to occur after the satisfaction
and/or waiver of all conditions precedent to the Arrangement, which is currently
expected to occur on or about December 13, 2010.


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 the timing of
the common share consolidation. 


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. 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, current estimates of the timing of the closing of the
transaction.


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.


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