Canadian Crew Energy update.

VANCOUVER, British Columbia--(BUSINESS WIRE)--May 9, 1996-- CANADIAN CREW ENERGY CORP. (STUTTGART STOCK EXCHANGE SYMBOL: KNC KNC Knowledge Navigation Center
KNC Kensey Nash Corporation
KNC Kawan Ng Cordero (Philippines: Flock of Lamb) .SG PACIFIC STOCK EXCHANGE SYMBOL: KNC.P; TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE). , VSE See DOS/VSE.

VSE - Virtual Storage Extended SYMBOL: KNC) Further to the Company's News Release dated November 10, 1995, the South Meager mea·ger also mea·gre
adj.
1. Deficient in quantity, fullness, or extent; scanty.

2. Deficient in richness, fertility, or vigor; feeble: the meager soil of an eroded plain.

3. Geothermal Project Joint Venture partners have yet to reach an agreement to proceed with the previously announced additional exploration initiatives in 1996.

While, therefore, remaining fully committed to the project, Canadian Crew Energy Corp. is concerned that the current uncertainties surrounding the timing of the development of the project, may erode shareholder confidence and value. Consequently, Canadian Crew Energy Corp. has commenced the assessment of other projects and/or acquisitions for immediate development.

John M. Darch President

CONTACT: Canadian Crew Energy Corp.

John M. Darch, 604/683-7585

1-800-444-9284 (U.S. Toll Free)

604/662-3180 (Fax)

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Publication:	Business Wire
Date:	May 9, 1996
Words:	136
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