High Grade Gold Assays Recorded from New Discovery Eagle Lake Property Expanded with New Staking Northwestern Ontario

November 19, 2013 - VANCOUVER, B.C., Canada - Crestwell Resources Inc. (the "Company") (CNSX:CER) is pleased to report that a two-phase prospecting program, one completed in August where 144 grab samples were collected and the other in October this year where 11 more grab samples were taken for a total of 155 grab samples. The final results have just been received for the second phase of prospecting and are included in this release. The prospecting mainly focused in the northeastern part of its Eagle Lake Gold property and exposed a northeast trending, 200-meter wide shear zone within a band of felsic intrusive rocks that is auriferous recording grab sample assays as high as 9.5 g/t Au (Sample S/N9500663) and 8.73 g/t Au (S/N 950703). This new gold occurrence, named the Bjorkman Shear, is situated near the northeastern limits of the property where, historically, little exploratory work was ever recorded by previous operators; most of the previous work within the property limits took place in the Fornieri Bay area. The host rock and style of gold mineralization observed in the northeastern part of the property is similar to the Fornieri Bay area occurrences. Since the Bjorkman Shear zone appeared to trend off the property, two additional mineral claims were staked to protect this new discovery.

In previous news releases dated August 27, 2012 and November 8, 2012, the Company reported several high grade gold assays from three specific areas in the western part of the property: historical trenches referred to as the "Main Zone" or Trench No.1 located along the eastern shoreline of Fornieri Bay, the "Red Pine/Cedar Trench" area, due south of the bay and the Iceberg area to the east of current gridding. The highest gold assays were typically associated with elevated copper, silver and bismuth values. Some of the higher gold assays in the 2012 prospecting programs include:

 --------------------------------------------
 |Main Zone                                 |
 |------------------------------------------|
 |S/N950492         |77.7g/t Au (VG)        |
 |------------------------------------------|
 |S/N950494         |156.5g/t Au (VG)       |
 |------------------------------------------|
 |S/N950498         |93.4g/t Au             |
 |------------------------------------------|
 |Red Pine  /Cedar Trench Area              |
 |------------------------------------------|
 |S/N950414         |46.9g/t Au             |
 |------------------------------------------|
 |S/N950506         |41.4g/t Au  (visible   |
 |                  |bismuthinite)          |
 |------------------------------------------|
 |S/N950507         |21.4g/t Au   (0.8m wide|
 |                  |channel sample)        |
 |------------------------------------------|
 |S/N950439         |43.3g/t Au             |
 |------------------------------------------|
 |Iceberg Area  (including Parker Shear     |
 |Zone)                                     |
 |------------------------------------------|
 |S/N950475         |39.8g/t Au             |
 |------------------------------------------|
 |S/N950476         |204.0g/t Au            |
 |------------------------------------------|
 |S/N950477         |36.9g/t Au             |
 |------------------------------------------|
 |S/N950479         |51.3g/t Au             |
 |------------------------------------------|
 |S/N950481         |13.0g/t Au             |
 |------------------------------------------|
 |S/N950620         |1.205g/t Au            |
 |------------------------------------------|
 |S/N950539         |7.95g/t Au             |
 |------------------------------------------|
 |S/N950540         |9.39g/t Au             |
 --------------------------------------------

As a follow-up to three prospecting programs and subject to financing, the Cedar Trench area, due to its width potential is recommended as a high priority target for diamond drill testing. Additional prospecting and channel sampling in the Iceberg and Bjorkman Shear areas are recommended prior to drill testing.

"It's refreshing to witness what present-day, professional prospectors can accomplish by focusing along the edge of swamps and getting in to the "hard to access areas". These new gold discoveries also demonstrate how widespread the gold mineralization occurs on the Eagle Lake property" says Nelson Baker, President and CEO of Crestwell Resources Inc.

Qualified Persons

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved by Nelson W. Baker, P.Eng., the President and CEO of Crestwell Resources Inc. and a Qualified Person for this project.

About the Eagle Lake Property

With the addition of the two (2) newly staked claims, the Eagle Lake Gold Property now consists of 13 claims consisting of 152 units, encompassing a total area of 2,877 ha (7,106 acres) and covers an area of approximately 11.5 km long (east-west) and 3.7 km wide (north-south). The Eagle Lake Gold Property is underlain mainly by ENE-striking felsic, intermediate and mafic volcanics of the Wabigoon assemblage. The Fornieri Bay showings are situated within intermediate to felsic pyroclastics, consisting of crystal, ash and minor lapilli tuffaceous units mineralized with up to 5% pyrite and minor amounts of chalcopyrite and pyrrhotite. Host rocks are intensely sheared, sericitized and carbonatized. Quartz veins are lenticular and discontinuous, occupying tension fractures contain chlorite, iron carbonate and minor sulphides. Gold values reported from historic surface and borehole testing were generally in the 2 to 5 g/t Au range, with occasional elevated spikes.

The Property is located 20 kilometres southwest of Dryden, Ontario and approximately 37 kilometres west of Treasury Metals' Goliath Gold Project and about 12 kilometres west of Laurentian Goldfields' Van Horne Property. The Eagle Lake Property has one of the highest concentrations of gold showings in the Kenora District.

CRESTWELL RESOURCES INC.

Nelson W. Baker, President and CEO

778-383-3972

For further information, please contact:

C.J. Baker, Regional Exploration Manager
[phone] [e-mail]

Or visit our website www.crestwellresources.com

THE CANADIAN NATIONAL STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE