Crew is engaged in the most active capital program in its history with five drilling rigs currently operating and up to 50 wells planned for the last half of the year. With the acquisition of Gentry Resources Ltd. ("Gentry") closing on August 22, 2008 current production, based on field estimates, is approximately 16,000 boe per day. At this level of production Crew is well positioned to achieve its previously announced 2008 exit guidance of between 17,000 to 18,000 boe per day.

At Inga in northeast British Columbia, Crew (WI - 100%) now has its first quarter natural gas discovery on production at approximately three mmcf per day. The Company (WI - 100%) has drilled a second well on this structure that awaits completion and is currently drilling a third well (WI - 100%) of an eight well program. Crew recently completed the expansion of a natural gas facility in this area with a capacity of up to 15 mmcf per day.

In the greater Edson area of west central Alberta, Crew (WI - 100%) has drilled one horizontal well at Pine Creek targeting the Cadomin formation. This well is currently awaiting completion and the Company is expected to spud a vertical test (WI - 100%) within the next five days in the same area. At Edson proper, Crew (WI - 100%) has drilled one horizontal well that is currently being completed and is also drilling a second (WI - 100%) horizontal well targeting the Rock Creek formation. At Carrot Creek, Crew (WI - 100%) has drilled three wells that are expected to add approximately 350 boe per day in the fourth quarter when they are tied into the Company's operated facility in the area. Crew (WI - 100%) expects to drill two additional wells at Carrot Creek in the fourth quarter.

At Princess, in southern Alberta, Crew (WI - 100%) has 24 wells to work-over or complete, seven wells to tie-in and one drilling rig active in the area. The Company is completing the first horizontal well drilled in the area and at the time of writing was flowing at a rate of 633 bbls of oil per day prior to stimulation. This result is consistent with the expectation of achieving production rates three to four times a vertical well with stabilized production rates expected to be 100 to 150 bbls of oil per day. Crew has identified over 100 drilling locations on this property.

On the Company's Triassic Montney play in northeast British Columbia Crew has now amassed ownership or control of 168 net sections of land on this emerging natural gas resource play. The first well at Septimus (WI - 100%) was drilled to a horizontal length of 867 meters and was completed with five fracture stimulations. Production from this well is stable at approximately 620 mcf per day.

Crew's second well at Septimus (WI - 100%) was drilled to a 1,250 meter horizontal length and was completed with seven fracture stimulations. Crew changed a number of parameters of this completion from the first well and the results have improved materially. This well was tested over a 121 hour period flowing 44.4 mmcf of gas at an average rate of 8.8 mmcf per day. The well started production on September 6th and is now producing at a rate of 3.5 mmcf per day at a flowing tubing pressure of 2,180 psi. The operating pressure of the gathering system in this area is approximately 220 psi which should result in the well increasing production to a target of over 6 mmcf per day in the next week. Crew's third well at Septimus (WI - 100%) was drilled to a horizontal length of 1,230 meters and is currently being completed with results expected in the next three weeks.

The Company is currently drilling a fourth well at Septimus (WI- 100%) with two more wells planned before year end. Additional drilling at Septimus is expected to achieve a critical mass of production and reserves to support the expansion of existing infrastructure in the area or the construction of new pipeline infrastructure and gas processing facilities. Crew plans to evaluate other prospective lands on this play with up to 16 wells planned through the first quarter of 2009.

Board of Directors Appointment

Crew is pleased to announce the appointment of Mr. Jeffery E. Errico to our Board of Directors. Mr. Errico is a professional engineer with a Bachelor of Applied Science degree in Chemical Engineering from the University of British Columbia. Currently, Mr. Errico is the Chairman of Insignia Energy Inc., a private company. From April 2003 to June 2006, Mr. Errico was President and Chief Executive Officer of Petrofund Energy Trust ("Petrofund"). Prior thereto, he held several executive officer positions with Petrofund as well as the NCE Resources Group ("NCE"). During his career, Mr. Errico also gained extensive experience in the area of economic evaluations, reservoir and operations engineering, having served as a senior executive for several oil and gas companies. Mr. Errico has over 30 years experience in the oil and gas industry, serving as Vice President, Operations for Deminex Canada Limited prior to joining NCE in 1995. We welcome Mr. Errico and look forward to his valued contribution in the success of Crew.

We would also like to announce the retirement of Mr. Gary Drummond. Gary has been a valued contributor to Crew since its inception in 2003. On behalf of our crew we wish to thank Gary for his contribution to our success and wish him all the best in his future endeavours.

Cautionary Statement

This press release contains forward-looking statements relating directly or indirectly to Management's approach to operations, expectations relating to the number of wells, amount and timing of capital projects, Company production, commodity prices in Canada and cash flow. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by Crew at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. Such factors include, but are not limited to: general economic, market and business conditions; industry capacity; competitive action by other companies; fluctuations in oil and gas prices; the ability to produce and transport crude oil and natural gas to markets; the result of exploration and development drilling and related activities; fluctuation in foreign currency exchange rates; the imprecision of reserve estimates; the ability of suppliers to meet commitments; actions by governmental authorities including increases in taxes; decisions or approvals of administrative tribunals; change in environmental and other regulations; risks associated with oil and gas operations; the weather in the Company's areas of operations; and other factors, many of which are beyond the control of the Company. There is no representation by Crew that actual results achieved during the forecast period will be the same in whole or in part as that forecast.

Crew is an oil and gas exploration and production company whose shares are traded on The Toronto Stock Exchange under the trading symbol "CR".

SOURCE: Crew Energy Inc.

Crew Energy Inc.
Dale O. Shwed
President and Chief Executive Officer
(403) 231-8850
Crew Energy Inc.
John G. Leach
Vice President, Finance and CFO
(403) 231-8859

In his new role, Leo will focus on all aspects of value creation, including financial analysis and planning, estimating and pricing, contract negotiation and administration, cash and asset management, rate forecasting and overhead management, cost management and performance reporting, financial reporting and portfolio development.

"Rich's strong experience in every aspect of managing contract finances will benefit not only our company and our shareholders, but also our military customers who demand value, taking our team to a new level of growth," said Tom Vice, sector vice president of Integrated Systems Eastern Region.

Prior to this appointment, Leo was director of business management for Airborne Early Warning Battle Management Command and Control (AEW/BMC-2) programs for over a decade, including contracts for such programs as the E-2D Advanced Hawkeye, E-2C Hawkeye and C-2 Greyhound for the United States Navy and E-2C Hawkeye for international customers including Japan, Egypt and France.

Leo joined Northrop Grumman in 1983 and has held several management positions from manager of cash management for AEW&BMC-2 to a wide range of positions within product operations. Many of those involved new business proposals for the commercial aerostructures division, as well as U.S. Navy aircraft programs. Prior to his start in Northrop Grumman, he spent three years at the Fairchild Republic Company.

Leo earned his bachelor's degree in business administration from Dowling College in 1980 and a master's degree in business management in 1994. He also completed the University of Pennsylvania Wharton Advanced Management Program.

(Photo: http://www.primezone.com/newsroom/prs/?pkgid=5483)

Northrop Grumman Corporation is a global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Northrop Grumman Corp.

Dianne Baumert-Moyik
          Northrop Grumman Integrated Systems
          (516) 346-2142
          dianne.baumert-moyik@ngc.com

The Aspira targets are defined by positive results from extensive soil geochemical sampling (5,184 samples), geological mapping, a 37 kilometre-line induced polarization geophysical survey, and a helicopter-borne AeroTem II magnetic geophysical survey.

These surveys have delineated four significant target areas along an 11-kilometre trend (see Aspira Project maps at www.amarcresources.com). The target areas show strongly anomalous zinc concentrations (500 ppm to 8,581 ppm) in soils with associated anomalous concentrations of copper, which are coincident with a pronounced trough feature internal to a linear, northwest-trending magnetic high and a chargeability high. Geological mapping has shown that the target areas are associated with a felsic volcanic and sedimentary rock package that represents typical stratigraphy for VMS type mineralization.

A drill access road has been constructed and the initial program of 15 diamond drill holes is in progress.

About Amarc

Amarc Resources Ltd. is a Vancouver-based exploration and development company, focused on making the next major mineral deposit discovery in British Columbia. Amarc is affiliated with Hunter Dickinson Services Inc., the personnel and management of which have enjoyed considerable success in BC through their involvement with the Golden Bear, Mt. Milligan, Kemess, Prosperity, Gibraltar and Harmony deposits.

Mark Rebagliati, P.Eng., a Qualified Person as defined under National Instrument 43-101, is supervising the exploration and quality assurance and quality control programs on behalf of Amarc and has reviewed the content of this release.

    <<
    ON BEHALF OF THE BOARD

    Ronald W. Thiessen
    President & CEO

      The TSX Venture Exchange has neither approved nor disapproved the
                       contents of this press release.

             Cautionary and Forward Looking Statement Information
    >>

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address possible future exploration results, resource potential or developments that Amarc expects to occur are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, effect of and changes to government policies regarding mining and natural resource exploration and exploitation, availability of capital and financing, geopolitical uncertainty and political and economic instability, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's annual Form 20-F filing with the United States Securities and Exchange Commission and its home jurisdiction filings that are available at www.sedar.com.

SOURCE: Amarc Resources Ltd.

please visit the Company's website at www.amarcresources.com or contact Investor
Services at (604) 684-6365 or within North America at 1-800-667-2114. The Company
will be launching updates on its website shortly.

* Government could end up with direct majority holdings

* RBS Chief Executive Fred Goodwin resigns

* Lloyds revises terms of takeover of HBOS

* Similar measures to be echoed across Europe

LONDON, Oct 13 (Reuters) - Britain waded in with 37 billion pounds ($64 billion) of taxpayers' cash to bail out three major banks on Monday, in a move that could make it their main shareholder.

In return for the British government's money, the banks will be forced to curtail the bonuses that many believe encouraged a risk-taking culture that precipitated the global financial crisis. They will also have to scrap dividends.

Under the UK plan, Royal Bank of Scotland will boost its capital by 20 billion pounds, issuing 15 billion pounds' worth of shares underwritten by the state, and 5 billion pounds in preference shares directly taken by the government.

HBOS and Lloyds TSB will also participate in the scheme "upon successful merger".

Finance Minister Alistair Darling said extreme times called for extreme measures and that he was prepared to make even more money available if necessary.

"It's necessary because we are going through quite extraordinary circumstances the world over, and I'm determined to do everything we can to stabilise our banking system and make it stronger," he said.

"And in return for it, of course, there will be restrictions on what happens in boardroom pay, and we're also getting guarantees in relation to increased lending to businesses, as well as to mortgages."

EUROPE ACTS

The measures are being echoed across Europe as countries try to adopt a common approach to avoid a meltdown in the financial system and its knock-on effects on the global economy.

Prime Minister Gordon Brown said he believed Britain was taking the lead in dealing with the crisis.

"This is perhaps the first government to do what I believe a large number of governments are going to do over the next few days," he told a news conference.

In a speech later to City executives, Brown said the world's leaders needed to reform the financial system with the kind of courage and foresight their predecessors had shown when drawing up the post-war financial order in the 1940s.

"We must now reform the international financial system around agreed principles of transparency, integrity, responsibility, good housekeeping and co-operation across borders," he said at the London headquarters of Thomson Reuters.

The German Chancellor Angela Merkel is set to give further details at 1300 GMT of a draft bill seen by Reuters that earmarks 400 billion euros ($550 billion) in guarantees for banks and will also give them fresh capital.

In Paris, a report by Dow Jones Newswires said the French government would create a 40 billion euro fund to take stakes in banks, though there was no official comment.

Italy is also expected to take measures to shore up their banks.

LLOYDS REVISES HBOS OFFER

In the UK, Lloyds TSB, which agreed to buy HBOS as part of an earlier bank rescue plan, said it had revised down the price it was paying to 0.605 of a Lloyds share per HBOS share from 0.833 previously.

Barclays said in a statement it would boost its capital by more than 6.5 billion pounds but expected to do so without government help.

The British banks will try to sell shares to existing investors, but the government will buy any shares not taken up, meaning it could become the biggest shareholder, and even a majority investor, in RBS and a combined HBOS/Lloyds TSB.

RBS chief executive Fred Goodwin became the highest profile British bank executive to lose his job to the crisis. He will be replaced by Stephen Hester, chief executive of British Land and a former Abbey National banker.

RBS has been criticised for a highly acquisitive strategy that catapulted it from a domestic player to one of the world's biggest banking groups in less than a decade.

"Leverage is great in boom times, but it can be awfully dangerous when things get difficult, especially if they get difficult very quickly," said RBS chairman Tom McKillop, who will also be stepping down.

SHARES REACT

Shares in RBS were down 8 percent at 66 pence by 1052 GMT, and HBOS had fallen 23 percent to 95.4 pence. Lloyds TSB was down 8.6 percent.

"No dividend for five years, no growth in the business, not a great investment," a trader said.

Another added: "If Royal Bank of Scotland share prices continue to slide, it's going to be fully nationalised. (The government) cannot afford to let it go down like this.

Other banks rose, however. Barclays was up 6 percent, and HSBC was up 7.9 percent.

"It does solve the liquidity problem. This is the end of chapter 2 of the horror story, but unfortunately chapter 3 -- the recession -- is on the way," said James Hamilton, banks analyst at Numis Securities of the RBS share fall.

Bank-to-bank sterling lending rates for three months slipped slightly to between 5 and 6 percent from well over 6 percent on Friday but are still far in excess of the Bank of England's target rates.

Brown's handling of the financial crisis appears to be rebuilding his reputation with voters.

A YouGov poll published by the Sunday Times at the weekend showed Brown benefiting from the crisis politically. The opposition Conservative party's lead has halved from 19 percent to 10 percent over the last month.

(Additional reporting by the UK bureau; Editing by Andrew

Callus/Will Waterman)

((steve.slater@reuters.com; +44 207 542 4367; Reuters

Messaging: steve.slater.reuters.com@reuters.net))

($1=.5786 Pound)

($1=.7287 Euro)

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