Shareholders Proxy

September 15, 2006

VANCOUVER, BC, September 15, 2006 — Cresval Capital Corp. (CRV.P - TSX Venture Exchange) further to the Company’s news release dated June 27, 2006, the Company has mailed to its shareholders the proxy materials to approve the acquisition of the Bridge River Project, B.C., which is intended to be the Company’s Qualifying Transaction under the policies of the TSX Venture Exchange (the “Exchange”). The annual and special general meeting of shareholders will be held on October 12, 2006.

The Company has also engaged Leede Financial Markets Inc. (the “Agent”) to complete on a commercially reasonable efforts basis, a public equity financing by way of Short Form Offering Document. The short form offering will consist of 3.0 million units (the “Units”) at a price of $0.15 per Unit to raise gross proceeds of $450,000 to finance the first three phases of the recommended exploration work on the Bridge River Project. Each Unit will consist of one common share and one-half of a non-transferable share purchase warrant, each whole warrant will be exercisable to purchase an additional common share at $0.25 for one year. The Agent will receive a sales commission of 10% on the gross proceeds of the offering and an Agent’s Option to purchase Units equal in number to 10% of the Units sold, exercisable at $0.15 per share for one year.

Completion of the transaction is subject to a number of conditions, including but not limited to, the Exchange’s acceptance and the majority of the minority shareholders’ approval. The transaction cannot close until the required shareholder approval is obtained.

ON BEHALF OF THE BOARD OF DIRECTORS
s/”Louis Wolfin”
Louis Wolfin, President

THE TSX VENTURE EXCHANGE HAS IN NO WAY PASSED UPON THE MERITS OF THE PROPOSED TRANSACTION AND HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS NEWS RELEASE.

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