Creso Signs Amalgamation Agreement With Nichromet

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PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR
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Further to its press release dated November 14, 2013, Creso Exploration Inc.
("Creso" or the "Corporation") (TSX VENTURE:CXT)(OTCQX:CRXEF)(FRANKFURT:C3X) is
pleased to announce that it has signed a definitive merger agreement with
Nichromet Extraction Inc. ("Nichromet") and a wholly-owned subsidiary of
Nichromet ("Subco") pursuant to which Creso and Subco will amalgamate (the
"Amalgamation") and the amalgamated company ("Amalco") will become a
wholly-owned subsidiary of Nichromet. Prior to the Amalgamation, Nichromet will
be renamed "Dundee Sustainable Technologies Inc."  


Details of the Amalgamation may be found in Creso's press release dated November
14, 2013. Creso and Nichromet expect to close the Amalgamation in the first
quarter of 2014. Completion of the Amalgamation is subject to requisite
shareholder and regulatory approvals and standard closing conditions for
transactions of this nature. 


Creso is preparing a Management Information Circular which will be mailed to
each shareholder of Creso. The special meeting of shareholders of Creso to
consider the Amalgamation is expected to be held in February 2014. 


Creso will continue to update its shareholders as to the progress of the
proposed Amalgamation. 


Trading Halt 

Trading in the common shares of Creso on the TSX Venture Exchange will continue
to be halted pending a review, if any, of the proposed Amalgamation by the TSX
Venture Exchange and the filing of certain documents by Creso and Nichromet. 


About Nichromet 

Nichromet is a private Canadian company controlled by Dundee Corporation that
has developed patented precious and base metal extraction processes that are
environmentally friendly in that the residues of mining operations are totally
void of contaminants such as sulfur and arsenic. These new processes are based
on chlorination and are particularly efficient for the treatment of polymetallic
ores either in the form of sulfides, oxides or arsenides. These chloride based
patented processes are a substitute to cyanidation, which is commonly used in
the mining industry. 


Nichromet was awarded a $5 million grant by the Government of Canada through
Sustainable Development Technology Canada (SDTC) for the development of an
innovative patented technology that will increase efficiency in processing gold
while reducing the environmental impact and the construction of a demonstration
plant of $27 million. The $5 million grant was part of a $61.8 million
investment by the Government of Canada to support 23 clean technology projects
across Canada. 


Nichromet received a grant of $700,000 from the Quebec Ministere du
Developpement economique, de l'Innovation et de l'Exportation. 


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. 


Forward-looking Statements 

This press release contains forward-looking statements that address future
events and conditions, which are subject to various risks and uncertainties.
Forward-looking statements include, but are not limited to, statements with
respect to: the terms and conditions of the proposed Amalgamation; the
completion of any future financing; use of funds; and the business and
operations of the resulting issuer, Nichromet, after the proposed Amalgamation.
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: general market and industry
conditions and other risks disclosed in the Corporation's filings with Canadian
Securities Regulators, including those that will be contained in the Management
Information Circular that will be prepared and filed in connection with the
proposed Amalgamation. 


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. 


The TSX Venture Exchange has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press
release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pierre Gauthier
Chairman, President and CEO
[phone] # 239
[phone] (FAX)
[e-mail]
www.creso.ca