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Creso Announces listing on canadian securities exchanges

February 21, 2014



ENP Newswire - 21 February 2014

Release date- 19022014 - MONTREAL, QUEBEC - Creso Exploration Inc. is pleased to announce that it has obtained final approval for the listing of its common shares on the Canadian Securities Exchange.

It is expected that the common shares of Creso will begin trading at the opening of the market on February 19, 2014 under the symbol 'CXT'. Creso also announces that a special meeting of shareholders of Creso will be held on February 28, 2014 (the 'Special Meeting') to consider and approve the proposed amalgamation transaction with Dundee Sustainable Technologies Inc. (previously known as Nichromet Extraction Inc.) ('Dundee Sustainable') and a wholly-owned subsidiary of Dundee Sustainable ('Subco') pursuant to which Creso and Subco will amalgamate (the 'Amalgamation') and the amalgamated company will become a wholly-owned subsidiary of Dundee Sustainable.

Pursuant to the Amalgamation, Dundee Sustainable would, indirectly, acquire all of the issued and outstanding common shares of Creso which it does not already own, and the shareholders of Creso would receive one subordinate voting share (a 'Subordinate Voting Share') of Dundee Sustainable in exchange for two common shares of Creso. Holders of options and warrants of Creso will receive options and warrants, as applicable, of Dundee Sustainable based upon the same exchange ratio.

In order to become effective, the Amalgamation must be approved by a special majority (66%) of the votes cast at the Special Meeting. In addition, since Dundee Sustainable has multiple voting shares outstanding (held by Dundee Corporation), the Amalgamation must also be approved by a majority of the minority of the shareholders of Creso. In this regard, Creso mailed a management information circular to each shareholder of Creso. The multiple voting shares of Dundee Sustainable will not be listed on any stock exchange and are convertible, at the option of the holder, into Subordinate Voting Shares for no additional consideration.

It is anticipated that the Amalgamation will become effective in March 2014 after the requisite approval of the Amalgamation by Creso shareholders and all other regulatory approvals have been obtained and all other conditions to the Amalgamation have either been satisfied or waived. CSE has conditionally approved the listing of the Subordinated Voting Shares of Dundee Sustainable.

Information for non-resident Creso Shareholders

Due to securities law considerations, Dundee Sustainable will not distribute Subordinate Voting Shares into any non-qualifying jurisdiction, including the United States, or to a Creso Shareholder resident or located in any non-qualifying jurisdiction, including, but not limited to, a U.S. securityholder.

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.

About Dundee Sustainable

Dundee Sustainable 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.

Dundee Sustainable 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.

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

Contact:

Pierre Gauthier

Chairman

Creso Exploration Inc.

Tel: (514) 866-6001

Fax: (514) 866-6193

Email: info@creso.cawww.creso.ca

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, Dundee Sustainable, 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 has been prepared and mailed to Creso shareholders in connection with the proposed Amalgamation. A copy of the Management Information Circular is available under Creso's SEDAR profile at www.sedar.com.

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.


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Source: ENP Newswire


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