Crew Gold 6-K Current report (foreign)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 AND 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Month ofJuly 2005

CREW GOLD CORPORATION

(Name of Registrant)

Abbey House, Wellington Way, Weybridge, Surrey KT13 OTT, Great Britain

(Address of principal executive offices)

News Release dated July 1, 2005:   Crew Gold Corp Finalise Seqi Olivine Sales Agreement – All Regulatory ApprovalsReceived

Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-Fxxx         Form 40-F

Indicate by check mark whether the Registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes          Noxxx

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Form 6-K to be signed on its behalf by the undersigned, thereunto duly authorized.

Crew Gold Corporation:  SEC File No. 12b=#1-11816

(Registrant)

Date: March 24, 2004:   /s/ Frederic Puistienne

Frederic Puistienne, C.F.O.

DATE:  1^st July 2005

TRADING SYMBOL:

TORONTO & OSLO:CRU

FRANKFURT:KNC, OTC-BB-other:CRUGF

NEWS RELEASE

Crew Gold Corp Finalise Seqi Olivine Sales Agreement – All Regulatory Approvals Received

LONDON, United Kingdom, DATE: July 1^st 2005, Crew Gold Corporation (“Crew”) (TSE & OSE: CRU; Frankfurt: KNC; OTC-BB- other: CRUGF.PK.)

Crew Gold Corporation is pleased to announce that its subsidiary Crew Minerals AS has received all necessary regulatory approvals as well as board approvals of LKAB, its subsidiary Minelco AB and Crew Gold Corporation in an agreement to sell all of its shares in Seqi Olivine A/S to Minelco AB.

The first payment of USD 10 million under this agreement has been received. In addition to the purchase price there is an annual fee to be paid by Minelco AB over 17 years based on produced tonnage. For years 3 through to 14 of production, there is a guaranteed minimum fee of USD 1 million per year.

For further information, please contact: -

Mr Jan A.Vestrum, President & CEO

+44 (0) 7766 506422

Mr Hans Christian Qvist, Executive Chairman

+47 928 82000

Jan A. Vestrum

President & CEO

This news release contains certain "Forward-Looking Statements". All statements, other than statements of historical fact, included in this release, and/or statements made by company officers or directors at any given time, as well as Crew’s future plans are such forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and Crew does not undertake any obligation to update forward-looking statements should conditions or management's estimates or opinions change.

For more information please contact our UK Head Office (TEL +44 -1932 268755) or by email to enquiries@crewgold.com For more information about Crew, additional contact information or to subscribe to future news releases, please visit our new websitewww.crewgold.com