Crew Gold 6-K Crew News Release

DATE:  22 July 2005

TRADING SYMBOL:

TORONTO & OSLO:CRU

FRANKFURT:KNC, OTC-BB-other:CRUGF

NEWS RELEASE

Notification of Trade

LONDON, United Kingdom, DATE: July 22, 2005 Crew Gold Corporation (“Crew”) (TSE & OSE: CRU; Frankfurt: KNC; OTC-BB- other: CRUGF.PK.

On July 21, 2005, Hans Christian Qvist, Chairman of Crew Gold Corporation, through an affiliated company Converto Consulting, exercised previously announced options and acquired 1,150,000 shares in Crew at NOK 2.5696 through a forward contract with maturity January 19,  2006.  

Mr. Qvist’s exposure totals 2.050.000 Crew shares, including common shares, forward contracts and options.

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 toenquiries@crewgold.com For more information about Crew, additional contact information or to subscribe to future news releases, please visit our new websitewww.crewgold.com