Goldcrest Resources Announces the Appointment of Guy Franceschi as Vice President, Exploration

    TORONTO, Sept. 5 /CNW/ - Goldcrest Resources Ltd. ("Goldcrest", "the
Company"), (GCL-TSX.V) is pleased to announce the appointment of Guy
Franceschi as Vice President, Exploration.
    Mr. Franceschi has over 30 years of international experience in base and
precious metals exploration and project development in Africa, Europe,
South-east Asia and Latin America. His career includes 12 years service
(1976-1988) with United Nations' development agencies which brought him to
Burkina Faso (1976-1983), Kenya, Haiti and Rwanda where he served as
exploration geologist, geochemist and chief geologist in gold, ferrous and
base metals exploration.
    In 1989 Guy Franceschi established his own consultancy practice, first as
an independent consultant and since 1995 as director of GF Consult bvba, a
consulting company registered in Belgium. During his career he has been
instrumental in the discovery and initial development of a number of base and
precious metal deposits and has identified and recommended several available
prospects which were subsequently developed by his clients.
    "Guy Franceschi's vast knowledge of the geology, mineral prospects,
mining codes and human resources in West Africa bring a unique advantage to
Goldcrest Resources," says Kevin Bullock President and CEO Goldcrest Resources
Ltd. "Guy's skills and contacts will enable us to further our corporate growth
objective which is to identify and acquire additional quality prospects
throughout West Africa."

    The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Except for the
historical statements contained herein, this news release presents
"forward-looking statements" within the meaning of Canadian securities
legislation that involve inherent risks and uncertainties. Forward-looking
statements include, but are not limited to, statements with respect to the
closing of the transaction, the acquisition of Gidgee Gold Project and
Aphrodite Gold Project by Apex and the strategy and plans of Apex. Generally,
these forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not expect",
"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Goldcrest to be materially different
from those expressed or implied by such forward-looking statements, including
but not limited to: risks related to international operations, risks related
to the integration of acquisitions; risks related to joint venture operations;
actual results of current exploration activities; actual results of current or
future reclamation activities; conclusions of economic evaluations; changes in
project parameters as plans continue to be refined; future prices of gold and
other minerals and metals; possible variations in ore reserves, grade or
recovery rates; failure of equipment or processes to operate as anticipated;
accidents, labour disputes and other risks of the mining industry; and delays
in obtaining governmental approvals or financing or in the completion of
development or construction activities. Although the management and officers
of Goldcrest Resources Ltd. believe that the expectations reflected in such
forward-looking statements are based upon reasonable assumptions and have
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking statements, there
may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. Goldcrest does not undertake to
update any forward-looking statements that are incorporated by reference
herein, except in accordance with applicable securities laws. Trading in the
securities of Goldcrest Resources Ltd. should be considered highly

    %SEDAR: 00017848E

For further information:

For further information: Kevin Bullock, P.Eng., President & CEO,
Goldcrest Resources Ltd.,, Ph: (416) 867-2299,
Fax: (416) 867-2298; Ann Gibbs, Investor Relations, Goldcrest Resources Ltd.,, Ph: (416) 488-0778; Corporate Website:

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