Creso Announces Resumption of Diamond Drilling on Mann Property, Borehole IP Survey on Minto Property and Grant of Options

Creso Exploration Inc. ("Creso" or the "Company") (TSX VENTURE:CXT)
(OTCQX:CRXEF) (FRANKFURT:C3X) is pleased to announce a follow-on drilling
program to the program completed on the Mann property in Q4 2011. (see Creso
press releases of December 1, 2011, December 14, 2011 and January 18, 2012). An
additional phase of diamond drilling, involving 5 drill holes for a total of
approximately 200 metres, is designed to confirm extensions to structures
intersected by historic drilling in the '#3' and 'D' zones. A 6 hole program,
involving a total of approximately 300 metres, is designed to probe targets
outlined from the analysis of Insight Geophysics Inc.'s gradient array IP
chargeability/resistivity survey completed on the property in January 2012.


On the Minto property, JVX Ltd. has been engaged to perform borehole geophysical
surveys with a view to delineating the gold bearing zones for follow up
drilling. Initially, surveys will be performed on holes MC10-10 and MC10-11.
This program anticipates expanding upon the previous diamond drill results at
the Minto, which include 13.3 g/t Au over 82.5m from 508.5m to 591.4m (uncut) in
hole MC09-01 (see Creso press release of August 9, 2010).


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.


Options

The board of directors has approved the grant of an aggregate of 1,670,000
options to directors and officers of the Company of which 1,000,000 were granted
to a director who is also an officer; 470,000 to directors; and 200,000 to
officers. In addition, 100,000 were granted to a consultant who provides
investor relations services. The options are exercisable at a price of $0.10
during a five year period expiring on February 20, 2017.


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.