Creso Announces Acquisition of Properties in Mexico and Nomination of President and CEO

Creso Exploration Inc. ("Creso" or the "Corporation") (TSX
VENTURE:CXT)(OTCQX:CRXEF)(FRANKFURT:C3X) is pleased to announce it has received
conditional approval of the TSX Venture Exchange for the acquisition of a 50%
interest (the "Interest") in the Zamora/Campanillas (the "Properties") mining
projects located in Sinaloa, Mexico and an option on the remaining 50% (the
"Option"). 


The Mexican Geological Survey (SGM) evaluated a block of 15,000 tons with grade
of 1,400 gr/t Ag and 9 gr/t Au from surface to a depth of only 50 meters. This
is an historical resource and a qualified person has not done sufficient work to
classify the historical estimate as current mineral resources, therefore Creso
is not treating the historical estimate as current mineral resources.


A series of adits, pits and shafts extend over a strike length of nine (9)
kilometres within the property boundaries. The mineralization in the zone has
been classified as hydrothermal/epithermal and refill of fractures, hosted by
andesitic breccias. There are several veins in the zone that are controlled by
faults with a strike NE like Zamora and El Obatel vein. The area basement that
hosts the mineralization is composed of an Andesitic tuff breccia very
silicified and is overlain by tuffs, rhyolitic flows and recent agglomerate.


The acquisition was made from a company (the "Selling Company") controlled by
Mr. Pierre Gauthier, Chairman of the Corporation. The purchase price of $40,000
represents the costs incurred by the Selling Company to originally acquire the
Interest and the Option. The remaining 50% interest subject to the Option is
held by third parties. To exercise the Option, the Corporation has to make a
payment of US$20,000 in March 2012 and an additional payment of US$200,000 in
June 2012. 


Nomination of President and CEO 

The Board of Directors has approved the nomination of Mr. Vernon K. Drylie,
P.Eng., as President and CEO of the Corporation. Mr. Drylie holds a BASc. in
Metallurgical Engineering from the University of Toronto. He has more than
thirty years experience in process plant and manufacturing operations management
including 12 years at Johnson Matthey in various capacities involving mineral
process development, quality assurance for assaying procedures as well as the
development of innovative mineral processes.


In addition, the Board of Directors has approved the grant of 400,000 options to
Mr. Drylie. The options are exercisable at a price of $0.10 during a five year
period expiring on March 1, 2017.


The technical content of this press release has been reviewed and approved by
Mr. Mike White, M.Sc., P.Geo., the Qualified Person under National Instrument
43-101.


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, and additional interests are held in base metal
properties in Guatemala.


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.