Arrangement Involving Crown Minerals Inc. and Gold Summit Corporation Receives Shareholder Approval

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Crown Minerals Inc. ("Crown") (TSX VENTURE:CWM) and Gold Summit Corporation
("Gold Summit") (TSX VENTURE:GSM) are pleased to announce that the amalgamation
of Crown and Gold Summit to be implemented by way of a plan of arrangement (the
"Arrangement") under the Canada Business Corporations Act has been approved by
100% of the votes cast by Crown's shareholders at the annual and special meeting
of Crown's shareholders held today, and by 99.17% of the votes cast by Gold
Summit's shareholders at the annual and special meeting of Gold Summit's
shareholders held today.


Subject to the satisfaction or waiver of all other conditions to closing,
including the final approvals of the Ontario Superior Court of Justice
(Commercial List) and the TSX Venture Exchange, Crown and Gold Summit expect the
Arrangement to become effective on or about August 30, 2010.


Upon the Arrangement becoming effective, Crown and Gold Summit will amalgamate
to form Crown Gold Corporation ("Amalco"). Each one (1) Gold Summit common share
("Gold Summit Share") will be automatically converted into one and sixty-five
hundredths (1.65) Amalco common shares ("Amalco Shares") and each one (1) Crown
Class A common share ("Crown Share") will be automatically converted into one
(1) Amalco Share.


Based on a total of 15,374,218 issued and outstanding Gold Summit Shares (on a
non-diluted basis) and a total of 37,841,632 issued and outstanding Crown Shares
(on a non-diluted basis), the number of Amalco Shares following completion of
the Arrangement is expected to be approximately 63,209,091. Current Crown
shareholders will own approximately 59.9% of Amalco (on a non-diluted basis) and
current Gold Summit shareholders will own approximately 40.1% of Amalco (on a
non-diluted basis).


About Crown

Crown is an exploration-stage mineral exploration company which owns or has an
interest in several exploration stage gold and silver properties in Ontario and
Nevada. Crown's mineral exploration program is currently focused on its McKenzie
Island project near Red Lake, Ontario. A NI 43-101 compliant technical report
for Crown's McKenzie Island project is available on SEDAR at www.sedar.com.


About Gold Summit

Gold Summit owns or has an interest in several exploration stage gold and silver
properties, primarily in Nevada but also in Ontario. Gold Summit's flagship
properties are its Monte Cristo property in Esmeralda County, Nevada and its
Sugarloaf Peak (Tip Top) project also in Esmeralda County, Nevada. NI 43-101
compliant technical reports for Gold Summit's Monte Cristo and Sugarloaf Peak
(Tip Top) projects are available on SEDAR at www.sedar.com.


Forward-looking Statements

This news release contains certain forward-looking information as defined in
applicable securities laws (referred to herein as "forward-looking statements").
Often, but not always, forward-looking statements can be identified by the use
of words such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "continues", "forecasts", "projects", "predicts", "intends",
"anticipates" or "believes", or variations of, or the negatives of, such words
and phrases, or statements that certain actions, events or results "may",
"could", "would", "should", "might" or "will" be taken, occur or be achieved.
Specifically, this press release includes forward-looking statements regarding
the intended business combination of Crown and Gold Summit. These
forward-looking statements reflect the current internal projections,
expectations or beliefs of Crown and Gold Summit, based on information currently
available to them. Forward-looking statements are subject to a number of risks
and uncertainties, including those detailed from time to time in filings made by
Crown and Gold Summit with securities regulatory authorities, that may cause
actual outcomes to differ materially from those discussed in the forward-looking
statements. The completion of the proposed business combination is subject to a
number of risks, including, without limitation, required regulatory or court
approvals not being obtained.