DATE: November 16, 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 Nine
Months Ended September 30, 2009
LONDON, United Kingdom, November 16, 2009 - Crew Gold
Corporation ("Crew" or "the Company") (TSE & OSE: CRU)
Please find attached the following:-
Interim Consolidated Financial Statements
Quarter and Nine Months ended September 30, 2009
(Unaudited)
Management's Discussion and Analysis of Financial
Condition and Results of Operations
For the Quarter and Nine Months ended September 30,
2009
William LeClair
Chief Executive Officer
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. The
words "expect", "anticipate", "will", "believe"
and "may", and other similar expressions, are often
used to identify forward-looking statements. Forward-
looking statements included herein relate, but are
not limited to, statements regarding (1) the
completion of the proposed Restructuring, (2) the
expected impact of the Restructuring, (3) the results
of the resource and reserve reviewing currently
underway at the LEFA gold mine, and (4) expected
shareholdings following completion of the
Restructuring.
Forward-looking statements involve known and unknown
risks, uncertainties and other factors that could
cause actual events or results to be materially
different from the events or results expressed or
implied by such forward-looking statements. In
evaluating these statements, prospective purchasers
should specifically consider various factors that may
cause actual events or results to be materially
different from the events or results expressed or
implied by such forward-looking statements. Risk
factors that could impact the Company include,
without limitation, risks relating to (1) receipt of
all necessary approvals of the Restructuring, (2) the
actions of bondholders in enforcing the existing
terms of the bonds, (3) production levels at the LEFA
gold mine. 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 events or results
could differ materially from those anticipated in
such statements.
The material factors and assumptions used to develop
forward-looking statements include, without
limitation, (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 consistent with our
current expectations, (3) foreign exchange rates
among the currencies that 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, and (7)
materials and labour costs increasing on a basis
consistent with our 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.