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					         CREW ENERGY INC. AND GENTRY RESOURCES LTD. JOINTLY ANNOUNCE
                    COMPLETION OF PLAN OF ARRANGEMENT

August 22, 2008
Calgary, Alberta

Crew Energy Inc. ("Crew") (TSX: CR) and Gentry Resources Ltd. ("Gentry") (TSX: GNY) are pleased to
jointly announce the successful completion of the acquisition by Crew of all of the outstanding common
shares of Gentry pursuant to the previously announced Plan of Arrangement (the "Arrangement").

Pursuant to the Arrangement, the previous holders of common shares of Gentry are entitled to receive, for
each outstanding common share of Gentry held by them, 0.22 of a common share of Crew. After giving
effect to the Arrangement, Crew has approximately 71.2 million common shares outstanding.

Letters of transmittal have been forwarded to shareholders of Gentry to be utilized in order to exchange
their common shares of Gentry for common shares of Crew.

Within two to three business days of the Toronto Stock Exchange (the "TSX") confirming receipt of all
necessary documents in connection with the closing of the Arrangement, the common shares of Gentry
will be delisted from the TSX.

FOR FURTHER INFORMATION PLEASE CONTACT:

CREW ENERGY INC.

Dale O. Shwed                                                John G. Leach
President and Chief Executive Officer                        Vice President, Finance & Chief Financial Officer
(403) 266-2088                                                (403) 266-2088




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