DATE: August 17, 2009
TRADING SYMBOLS; TORONTO AND OSLO - CRU
N E W S R E L E A S E
Financial Statements and MDA for the Quarter and Six
Months Ended June 30, 2009
LONDON, United Kingdom, August 17, 2009 - Crew Gold
Corporation ("Crew" or "the Company") (TSE & OSE: CRU)
Please find attached the following:-
Interim Consolidated Financial Statements
Quarter and Six Months ended June 30, 2009 (Unaudited)
Management's Discussion and Analysis of Financial
Condition and Results of Operations
For the Quarter and Six Months ended June 30, 2009
Certificate of Interim Filings
William LeClair
Interim CEO
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 (1) the price of gold, (2) the
estimation of mineral reserves and resources, (3) the
realization of mineral reserves estimates, (4) the
timing and amount of estimated future success of
exploration activities, (5) the timing and amount of
production estimates, (6) targeted production cash
costs and forecasted cash reserves, (7) Crews hedging
practices, (8) currency fluctuations, (9)
requirements for additional capital, (10) government
regulation of mining operations, (11) environmental
risk, (12) title disputes or claims limitations on
insurance coverage, (13) the timing and possible
outcome of pending litigation, (14) the timing and
terms of Crews proposed rights offering (15) expected
cost reductions, and (16) the expected future
capacity and success of the LEFA mine and its
expansion potential. Often, but not always, forward-
looking statements can be identified by the use of
words such as plans, expects, does not expect, is
expected, targets, budget, estimates, forecasts,
intends, anticipates or does not anticipate, or
believes, or equivalents or variation, including
negative variation, 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 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. Such risks and
uncertainties include, among others, (1) the actual
results of current exploration activities, (2)
conclusions of economic evaluations, (3) changes in
project parameters as plans continue to be refined,
(4) possible variations in grade and ore densities or
recovery rates, (5) failure of plant, equipment or
processes to operate as anticipated, (6) accidents,
labour disputes and other risks of the mining
industry, (7) delays in obtaining government
approvals or financing or in completion of
development or construction activities, and (8) risks
and uncertainties existing in world capital markets
generally. 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, (1) there being no
significant disruptions affecting operations, whether
due to labour disruptions, supply disruptions, damage
to equipment or otherwise, (2) continued development,
operation and production at LEFA and Maco consistent
with our current expectations, (3) foreign exchange
rates among the currencies the Crew does business in
being approximately consistent with current levels,
(4) certain price assumptions for gold, (5) prices
for electricity, fuel oil and other key supplies
remaining consistent with current levels, (6)
production forecasts meeting expectations, (7) the
accuracy of our current mineral reserve and mineral
resource estimates, and (8) materials and labour
costs increasing on a basis consistent with Crews
expectations.
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.
Cautionary Note to US investors The United States
Securities and Exchange Commission permits US mining
companies, in their filings with the SEC, to disclose
only those mineral deposits that a company can
economically and legally extract or produce. We use
certain terms in this document, such as measured,
indicated, and inferred resources, which the SEC
guidelines strictly prohibit US registered companies
from including in their filings with the SEC. US
Investors are urged to consider closely the
disclosure from the SECs website at
http://www.sec.gov/edgar.shtml.