VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 5, 2013) - Cresval Capital Corp. (TSX VENTURE:CRV) (“Cresval”, or the “Company”) announces that further to the Company’s news release dated February 15, 2013, in which it disclosed that it had been served with a Notice of Civil Claim (the “Claim”) alleging monies were owed to Vancouver Island Exploration Inc. (“VIE”), a drilling contractor, of $143,913 for diamond drilling conducted in 2011, the Company wishes to clarify its position with respect to the Claim. The Company replies that VIE overcharged the Company for its services and failed to fulfill the obligations of its contract. The Company has filed a counterclaim against VIE to recover amounts billed by VIE that were not proper charges or were expenses paid by Cresval as a result of VIE’s failure to fulfill its contract.
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