PMC COMMENCES REGISTRATION OF CLAIM AGAINST CREW GOLD FOR US$80,000,000 WITH ICC IN PARIS

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 12, 2010 --

After consecutive urgent proceedings in Guinea were stalled due to the political instability and the inability to enforce court orders in Guinea, PMC has commenced registration of it's claims in a jurisdiction that will provide a workable legal system, were court orders can be enforced. The dispute will now continue through the arbitration proceedings as court orders obtained in Guinea for the return of goods, equipment and cash were unable to be enforced, as Crew through their operating subsidiary, in contempt of these court orders, denied our people access to the site. PMC can advise that as of the 18th of January 2010 a request has been sent to the ICC in Paris to register a claim for an amount in excess of US$80,000,000 against Crew. PMC has become increasing concerned that even though Crew has forcibly taken possession of goods, equipment and spare parts clearly owned by PMC, Crew has not yet made any provision for repayment of same, while Crew has settled with other major creditors. PMC is concerned that the Crew Gold Prospectus dated December 28, 2009 as it includes a statement on page 60, item 14.11 Legal and Arbitration Proceedings that states: "Crew has not been involved in any governmental, legal or arbitration proceedings during the past 12 months which may have or have had a significant effect on Crew's or the Crew group's financial position or profitability, and Crew is not aware of any such proceedings pending.". PMC wishes to advise that this statement is inconsistent with Crew's knowledge of unpaid PMC invoices and the PMC claim for the equipment illegally seized by Crew and damages for totalling approximately 80 million. The Claim was delivered to Crew management 6th October 2008. Nor is the Crew Prospectus statement consistent with the legal actions taken by PMC in Guinea. The PMC claim relates to actions taken by Crew on September 20, 2008, when the directors and officers of Crew Gold authorized the illegal seizure of equipment, materials, facilities, documentation and cash owned by PMC and its sub subcontractors at the LEFA mine site in Guinea. The Crew operating subsidiary personnel arrived in the early hours of the morning accompanied with armed military and security forces to forcibly detain then remove PMC management from site. Crew then attempted to hire away our key expat and local managers. PMC International was operating as a third party mining contractor at Crew's LEFA project since 2006. According to Crew, and as witnessed by Crew's own press releases, PMC were ahead of schedule. Crew had been encountering difficulties with their processing plant at LEFA and we were aware that they were losing money and as a result PMC had been lenient and patient with respect to enforcing payment for 10 million dollars in legitimate outstanding invoices since 2006. Following the illegal seizure, PMC had been advised by management of Crew Gold that they were in desperate need of a cash injection and that the company is on the verge

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