Jens Dag Ulltveit-Moe Acquires Control of Securities Of Crew Gold Corporation



    LYSAKER, Norway, Dec. 19 /CNW/ - To comply with Canadian statutory
reporting requirements, Mr. Jens Dag Ulltveit-Moe, of Fornebuveien 84 1324
Lysaker, Norway, wishes to announce that on December 18, 2007, an entity
controlled by Mr. Ulltveit-Moe acquired control over 20,000,000 common shares
in the capital of Crew Gold Corporation ("Crew Gold"). Additionally, an entity
controlled by Mr. Ulltveit-Moe took delivery of 15,080,000 common shares of
Crew Gold under a previously disclosed forward contract. As a result of this
transaction, Mr. Ulltveit-Moe controlled 109,731,000 common shares of Crew
Gold, in the aggregate representing approximately 23.60% of Crew Gold's
outstanding common shares.
    The December 18, 2007 transaction occurred through the facilities of the
Oslo Stock Exchange. The acquisition was made pursuant to an exemption from
the takeover bid requirements under applicable securities laws. This
acquisition was for investment purposes only and Mr. Ulltveit-Moe, or entities
owned or controlled by Mr. Ulltveit-Moe, may increase or decrease their
security holdings in Crew Gold in the future.





For further information:

For further information: To obtain a copy of the early warning report
filed on SEDAR with respect to this trade, please contact Mr. Erlend Grimstad
at +47 977 42 140

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CREW GOLD CORPORATION

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