Corporate Update

August 28, 2008

Cresval Capital Corp. (TSX-V: CRV) (the “Company”) is pleased to
provide the following corporate update:

Chief Financial Officer and Corporate Secretary

The Company has appointed Pamela Lynch, CMA, as the Company’s Chief Financial Officer and Corporate Secretary. Ms. Lynch is a member of the Certified Management Accountant’s Association. She has more than 10 years of management and accounting experience with both public and private entities. Most recently, Ms. Lynch has been the Chief Financial Officer and Corporate Secretary of a junior mining exploration company listed on the TSX Venture Exchange.

Stock Options Granted

The Board of Directors of the Company has granted an aggregate 388,000 incentive stock options exercisable at a price of $0.16 per common share for a period of five years to a director, an officer and a consultant. The
options were granted in accordance with a stock option plan adopted and approved by the shareholders of the Company at the Annual General Meeting held on July 3, 2008.

The option grant will be filed with the TSX Venture Exchange. Any securities issued pursuant to the exercise of stock options will be subject to a four-month hold period from the date of grant in accordance with securities
regulation.

For further information please contact Pamela Lynch, Tel: (778) 231-0996.

ON BEHALF OF THE BOARD

“Lee Ann Wolfin”
Lee Ann Wolfin, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release.

This press release contains “forward-looking statements. Forward-looking statements express, as at the time of this press release, the Company’s plans, forecasts, projections, expectations or beliefs as to future events and results. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will
prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements.

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