Creso Exploration Final Closing of Non-Brokered Private Placement

Creso Exploration Inc. ("Creso" or the "Corporation") (TSX
VENTURE:CXT)(FRANKFURT:C3X) announces the closing of the last tranche the
previously announced non-brokered private placement (the "Placement"). This last
tranche consisted of 600,000 "flow-through" units (each, a "FT Unit") issued for
total gross proceeds of $30,000. Pursuant to the Placement, Creso issued an
aggregate of 4,000,000 FT Units and 8,400,000 units (each, a "Unit"). Each of
the FT Units and Units was issued at a price of $0.05 for aggregate gross
proceeds of $620,000. Each FT Unit is comprised of one common share of the
Corporation issued on a flow-through basis and one-half of a common share
purchase warrant of the Corporation (each whole common share purchase warrant, a
"Warrant"). Each Unit is comprised of one common share of the Corporation (a
"Unit Share") and one Warrant. Each Warrant entitles its holder to subscribe for
one additional common share at an exercise price of $0.10 during a 24-month
period following closing. All securities issued pursuant to the Private
Placement have a four-month hold period as follows: until May 1, 2013 for 600
000 FT Unit and April 22, 2013 for 3,400,000 FT Units and 8,400,000 Units. The
Private Placement is subject to receipt of the final approval of the TSX Venture
Exchange.


The proceeds of the Private Placement will be used to finance the exploration
program of the Corporation and its working capital. 


About Creso 

The Corporation's principal mining exploration holdings are located in the
Shining Tree mining camp of Northern Ontario within 100 km of the Timmins and
Kirkland Lake mining camps.


FORWARD LOOKING STATEMENTS: This press release contains forward-looking
statements that address future events and conditions, which are subject to
various risks and uncertainties. Actual results could differ materially from
those anticipated in such forward- looking statements as a result of numerous
factors, some of which may be beyond the Corporation's control. These factors
include: results of exploration activities, general market and industry
conditions, and other risks disclosed in the Corporation's filings with Canadian
Securities Regulators.


Forward-looking statements are based on the expectations and opinions of the
Corporation's management on the date the statements are made. The assumptions
used in the preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. The Corporation expressly
disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise,
except as required by applicable law. Depending on exploration results and
available financing, the Corporation may at any point modify its work program.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pierre R. Gauthier
Chairman and President
(514) 866-6001 # 237
(514) 866-6193 (FAX)
info@creso.ca
www.creso.ca


Douglas Murray
Investor Relations
(613) 220-0569 / (613) 882-7295
dmurray@creso.ca

Creso (TSXV:CXT)
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