Goldcrest Resources plc Acquires Taoudeni Resources Limited

Goldcrest Resources plc, the gold focused company with interests in projects located in Ghana, announces that, further to its announcement dated 19 January 2016, the conditions precedent to the completion of the acquisition of the entire issued share capital of Taoudeni Resources Limited, being receipt of all necessary consents and approvals required for the transfer of shares in Taoudeni and the licences held by Taoudeni to Goldcrest, have now been satisfied. The Board is therefore pleased to announce that the Acquisition has now completed.

Niall Tomlinson, Executive Director, commented: “Following completion of the Acquisition, Goldcrest now has the potential to develop a consolidated project combining the Asheba and Akoko projects, between which synergies are evident with near-term production potential and significant anticipated exploration upside.  By taking decisive corporate actions during the sector downturn, we believe that the Company is now strategically placed to build value as sentiment towards the sector improves.  We are committed to continuing this development path and providing further updates in due course.”