Creston Resources Announces Update of Restructuring with the Appointment of New CEO and Board Members.

ROOSEVELT, Utah -- Creston Resources, Ltd. (Pink Sheets:CSTJ), as part of its ongoing restructuring, officially announced the appointment of a new CEO and two board members. These appointments bring a new wave of leadership to the company that is positioned at the heart of the prolific Uintah Basin of Northeast Utah.

John "Jack" Carson was appointed President and CEO. Mr. Carson has a decade of diversified management experience in both high volume manufacturing and retail supply chains. He has strong experience managing field and technical personnel, redesigning organizational processes, and coordinating multi-disciplinary teams. Mr. Carson was the President's Scholar of his division at Spring Hill College where he received a degree in Business and Information Systems.

"I am very excited to have been named to this role during this exciting time for both the company and the industry," commented Carson. "I have a goal of unlocking the full potential of our properties through joint ventures, and our own recompletions and new drilling. I also believe that in the current environment of equipment and manpower availability, a key to success is the ability to do and control the work being done so as to protect and maximize production. Our recent acquisition of a workover rig and the addition of the necessary field personnel should pay dividends in the quality, cost, and speed at which we can accomplish

our goals."

Mr. Carson is replacing Paul McCulliss, who will remain as Chairman of the Board.

Mr. McCulliss received his B.S. degree in Petroleum Engineering from the Colorado School of Mines. In the past, he worked for Trend Exploration Limited of Denver, where he was responsible for selecting software to develop a database of company wells to monitor all aspects of oil and gas properties from reservoir pressure and production rates to revenue expenses and projections for future income and reserve data evaluations. His specialties include property acquisition, developing plans for shut-in wells, production enhancement/efficiency for producing wells and offset potential for undeveloped acreage. At one point he maintained operational responsibility for over 500 wells in eight states. Throughout his career, Mr. McCulliss has been active in acquiring mineral, overriding royalty, and working interests across America.

Two new members, Craig K. Phillips and Daniel S. Sam, also join Mr. McCulliss on the Board.

Mr. Phillips has nearly 35 years of experience in the oil and gas industry. His varied experience includes starting as a roughneck on a drilling crew, mud logging, pumping for a major corporation, refurbishing and re-completing new zones in established wells, analyzing oil and gas zones, repair, maintenance, purchasing oil and gas properties, consulting, and the founding of his own oil company. Mr. Phillips has worked fields over large parts of the western U.S. while always remaining focused in the Uintah Basin, Utah.

Mr. Sam holds a B.S. in accounting and a Juris Doctor from Brigham Young University and is admitted to the bars of the Supreme Courts of Utah and Colorado, the Utah Federal District Court, the Tenth Circuit Court of Appeals and the United States Tax Court. Mr. Sam has widespread experience in civil litigation, appeals, and in corporate law, tax law, real property, oil and gas, state and local government, and Native American law. Mr. Sam has assisted in the startup of numerous oil and gas and oilfield related companies and has participated in numerous oil and gas title examinations and lease negotiations. Mr. Sam maintains a law practice in Vernal, Utah, and is currently acting as Chief Judge of the Ute Indian Tribal Court.

About the Uintah Basin

The Uintah Basin is regarded as one of the most petroliferous areas in the country. Oil and gas production in the Uintah Basin began in the late 1940s with major development in the 1960s and expanding in the 1970s and 1980s. Since the 1980s there has been a tremendous surge of exploration and production activity in the basin, with literally thousands of wells being drilled and completed. Within the last decade discoveries using the latest oilfield technological advances, including 3D seismic methods, have yielded significant discoveries in previously unproductive formations, opening up thousands of acres of the basin for exploration and development.

About the Company

Creston Resources, Ltd. is a development stage company, which focuses on exploration, development, and production of its oil and natural gas properties in Utah and Wyoming held through its wholly owned subsidiary Homeland Gas & Oil. Currently, the company has interests in 27 wells on a total of approximately 9,000 acres. In addition to the potential to tap into both oil and gas resources, these properties offer the opportunity for both shallow and deep new drilling. The company is aggressively pursuing a strategy under which we will seek to simultaneously increase our existing production, drill new wells, and secure additional acreage. We believe this balanced approach will allow Creston to secure both additional reserves and a solid cash flow foundation to support ongoing endeavors. Creston is headquartered in Roosevelt, Utah.

Statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties which may cause the Company's actual results in future periods to be materially different from any results discussed in or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, the Company's ability to acquire productive oil and/or gas properties and to successfully drill and complete oil and/or gas wells on such properties, the inherent uncertainty of oil and gas exploration and production, general economic conditions, as well as other risks and uncertainties that may be detailed from time to time in additional documents issued by the Company. Readers are cautioned not to place undue reliance on any forward-looking statements. The Company assumes no obligation to update any forward-looking statements contained in this document.