Issue of Equity

The Company is pleased to announce that, on 27 September 2013, Mr Ronald Bruce Rowan subscribed £50,000 for the issue of 75,000,000 new Ordinary shares in the Company at a price of 0.06667 pence per share. Following this subscription, Mr Rowan has a beneficial interest in 145,000,000 Ordinary shares, representing 18.74 per cent of the enlarged issued share capital.

 

Following the above share issue the total number of shares now in issue is 773,761,605. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

 

The Directors of the Issuer accept responsibility for this announcement.

 

--ENDS--

 

ENQUIRIES:

 

Goldcrest Resources plc

Frederick Bell,

Managing Director

Tel: 0755 4872 794

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John Watkins,

Chairman

Tel: 01483 771992

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Cairn Financial Advisers LLP

Avi Robinson / Jo Turner

Tel: 020 7148 7900