Crusader Resources : Spectacular Juruena Results Continue with 3.6m @ 554 g/t Au

 Spectacular high-grade gold intercept from hole QD-44 at Juruena's Querosene prospect:

• 3.6m1 @ 554 g/t Au from 147m in QD-44 including:

   1m @ 1,992 g/t Au from 148m

   Other high-grade results from Juruena drilling (Dona Maria prospect) include;

• 4.8m @ 11.89 g/t Au from 101m in hole MD-10; and
• 4.0m @ 27.10 g/t Au from 84m in hole MD-14

 Re-assaying (using screen fire method) of the previously announced result of 10m @ 101 g/t Au intercept (see ASX release of 5 September 2016) in hole MD-09 enhanced to 10m @ 112 g/t Au

 Scoping Study on track for completion in 2016

 Drilling campaign confirms the high-grade nature of the Juruena deposits, including 460Kt @ 12.1 g/t Au for 178,800oz Au

 Recent high-grade results (in-fill and expansion) demonstrate ability to grow current resource base and increase confidence level to an Indicated Resource.

Brazil-focused, resource development company Crusader Resources Ltd (ASX: CAS) ("Crusader" or "the Company") is pleased to announce additional high-grade gold results from the resource-infill and expansion drilling program at the Querosene and Dona Maria prospects at its 100% owned high-grade Juruena Gold Project. Crusader is currently completing a Scoping Study on the Juruena Project due to be completed prior to the end of 2016.

The Juruena Project is considered to be the initial development project in a recognised mining district with the potential to host multiple projects of a significantly larger scale.

1 Note, this is not true width as hole was drilled sub-parallel to the ore zone. Estimated true width is 1.55m see further comments below

The Juruena Project (~400 km2 of contiguous tenements) is located in Central Brazil on the southern fringe of the Amazon Basin. Situated on the western end of the prospective Juruena- Alta Floresta gold belt (estimated to have produced ~7Moz Au), Juruena has been explored extensively by artisanal miners since the 1980's, producing an estimated 500koz of gold.

Crusader's immediate focus at Juruena is on a cluster of workings all located within a high-grade soil anomaly approximately 8km long by 4km wide.

Crusader's geological team have successfully targeted high- grade resources on four prospects. 7,800m of diamond drilling has now been competed in 2016, with results expected to continue to flow over the coming weeks as drill core is prepared and transported for assaying in Belo Horizonte, Brazil.

Figure 1: Juruena Project Gold in Soils

Figure 2: Juruena Gold District showing close proximity of various prospects

Juruena currently contains six confirmed zones of mineralisation in a district scale gold system, linked by a structural corridor hosting multiple gold prospects.

The current JORC compliant mineral resource estimates are anticipated to increase with the addition of recent drilling to be re-estimated in November 2016.

Table 1: Current Juruena Gold Project JORC Mineral Resources, to be updated - November 2016

Commenting on the latest results, Crusader Resources' Managing Director Rob Smakman said:

"We are very pleased to again receive extraordinary results- this time from the Querosene prospect. This high-grade zone reflects the gold we logged in the core and its location in the central zone should extend and confirm the original resource estimate.

"Our second prospect, Dona Maria, has also returned some excellent results, significantly from both north and south of the exciting central zone- potentially extending it. We are now almost complete on the results from both Dona Maria and Querosene and these will be used to update the respective resource estimates in the coming quarter.

"Samples from both the new prospects- Tomate and Mauro, will soon be dispatched to the lab and we are really eager to see what these may reveal."

Figure 3: Gold in core from hole QD-44, Querosene prospect. This interval from ~148m depth, yielded

~1,992 g/t gold and is logged as hydrothermalite.

Figure 4: Gold in core from hole MD-09, Dona Maria Prospect. This interval from ~133.3m depth, yielded

>2,000 g/t gold. (ASX release 5 September 2016)

The Querosene prospect is located on the eastern end of the Juruena Project area and was the first prospect targeted in the Crusader 2015 and 2016 drilling campaigns, due to consistent high‐grade drilling results from previous explorers.

The high-grade result from QD-44 reported today was targeted to intercept mineralisation in the northern part of the main zone, close to where the main zone 'kinks' to the NW. QD-44 (along with holes QD-45 and QD-46- results still pending) were collared on the eastern side of the mineralisation and drilled shallowly toward the west, due to access- issues. As mineralisation also dips steeply to the west, the drillhole intercepts the mineralisation at a shallow angle and therefore the downhole intercept length is not 'true width'. True width is estimated at 1.55m. The full intercept is presented below;

Table 2: Querosene Hole QD-44 - Total intercept results

The remaining holes in the campaign should be reported shortly and once complete, will be included in a resource update on the Querosene prospect.

Figure 5: Querosene Prospect Drill Plan View