Creat Resources Holdings Limited (the "Company")

Update on Renewal of Licences

The Company wishes to advise that the Minister for Resources in Tasmania (the "Minister") has indicated his refusal to renew two of the Company's exploration licences, namely EL20/2002 and EL 30/2002 (the "Licences"), both which were pending renewal for another term of one year.  The Company is part way through its exploration programs and would like to complete them.  As such, the Company will make an appeal to the Mining Tribunal by mid-March 2010. The directors of the Company believe that the Company has reasonable grounds to appeal the Minister's decision. Until the appeal process is completed, both Licences remain in force.

For further information please visit www.creatresources.com or contact:

Creat Resources Holdings Limited
Yasmine Healy
Tel: +61 (0) 36216 2705

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