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.