Financial Statements, MDA and Certifications for the
DATE: April 1, 2010
TRADING SYMBOLS; TORONTO AND OSLO - CRU
N E W S R E L E A S E
Financial Statements, MDA and Certifications for the
Year Ended December 31, 2009
LONDON, United Kingdom, April 1, 2010 - Crew Gold
Corporation ("Crew" or "the Company") (TSE & OSE: CRU)
Please find attached the following:-
Financial Statements Year Ended December 31, 2009
Management's Discussion and Analysis for the Year
Ended December 31, 2009
Certification of Annual Filings
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.
Forward-looking statements, include, but are not
limited to those with respect to (1) the expected
availability of the SAG mills at LEFA, (2) the
political environment in Guinea, (3) future
operations at LEFA, (4) the expected reduction in
corporate costs, (5) the effect of discontinued
operations on Crew's ongoing operations, (6) expected
expenditures at LEFA, (7) the expected future
capacity and success of the LEFA mine and its
expansion potential, (8) government regulation of
mining operations, and (9) the price of gold. 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", "forecast
s", "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, (8) actual
cash flow and capital expenditure requirements being
greater than anticipated, and (9) 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 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, (8) materials and labour costs
increasing on a basis consistent with Crew's
expectations, and (9) the actions of the government
of Guinea.
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
SEC's website at http://www.sec.gov/edgar.shtml.
[HUG#1400146]
Financial Statements 31 Dec 2009: http://hugin.info/90/R/1400146/355548.pdf
Certification: http://hugin.info/90/R/1400146/355550.pdf
MD and A 31 December 2009: http://hugin.info/90/R/1400146/355549.pdf
