Crusader Resources Limited : BRR Webcast – Posse Mine Operational Update

ASX RELEASE 20 Feb 2014 "Crusader Resources: Operational Update" BRR Webcast

Crusader Resources Limited (ASX:CAS) is pleased to present an interview with BRR Media regarding the Company's current activities.

The details are as follows:

Speaker: Paul Stephen, Executive Director

Live date: Thursday, 20 Feb 2014

To access this webcast please click on the following link or paste it into your web browser:

www.brrmedia.com/event/120628

Australian Securities

Exchange Information

ASX Code: CAS

Ordinary Shares 126,646,041

Options 14,947,000

(exercise prices: $0.3414 to $1.35)

Market Capitalisation ~$38M

Treasury $2.2M (31 Dec 2013)

The interview will also be available on the Company's website under the heading "Investor Relations" www.crusaderresources.com

Share price $0.30

(12 month closing range: $0.18 to

$0.37)

Board of Directors

Non-Executive Chairman

Stephen Copulos

Managing Director

Rob Smakman

Executive Director

Paul Stephen

Non-Executive Directors

John Evans

David Netherway

Mauricio Ferreira

CAS Investment Opportunity in Brazilian Projects

Producing DSO asset - Posse

Large Borborema Gold Project

Underexplored and high potential exploration portfolio

In-country Management

(inc. MD, COO, Proj. Manager and

Exploration Manager)

Extensive network into new opportunities

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ASX RELEASE 20 Feb 2014 For further information please contact:

Mr. Rob Smakman	Mr. Paul Stephen	Mr. Ian Howarth
Managing Director, Brazil	Executive Director, Australia	Media Relations, Australia
Mobile (Brazil): [phone]	Office (Aus): [phone]	Collins Street Media
Email: [e-mail]	Email: [e-mail]	Mobile: [phone] E: [e-mail]

About Crusader

Crusader Resources Limited (ASX:CAS) is a minerals exploration and mining company listed on the Australian Securities Exchange. Its major
focus is Brazil, a country Crusader believes is vastly underexplored with high potential for the discovery of world class mineral deposits.
Crusader's key asset is the Borborema Gold Project in north eastern Brazil. The company has >4,400 km2 of exploration tenements in the Seridó Belt, a highly prospective geological structure which hosts the Borborema Gold Project. This region is under explored and could provide Crusader with a pipeline of high growth, greenfields gold discoveries.
Crusader also owns the Posse Iron Ore Project near Belo Horizonte which will produce high-quality iron ore for consumption in the Brazilian domestic iron industry.

About Borborema

The Borborema gold project is in the Seridó area of the Borborema province in north-eastern Brazil.
It is 100% owned by Crusader Resources Ltd and consists of three mining leases covering a total area of 29 km² including freehold title over the main prospect area.
The Borborema Gold Project benefits from existing on-site facilities and excellent infrastructure, such as buildings, grid power, water, sealed roads and is close to major cities and regional centres. The Project's Maiden Ore Reserve was announced in November 2012. Proven and Probable Ore Reserves of 1.61Moz of mineable gold from 42.4Mt @ 1.18g/t (0.4 & 0.5g/t cut-offs for oxide & fresh). The Mineral Resource remains open in all directions.
A Pre-Feasibility Study (PFS), completed in September 2011, into the economic and technical merits of the Borborema Gold Project, revealed
a robust investment case based on an open cut mine development of 3Mtpa.

About Posse

The Posse Iron Ore Mine is located 30km from Belo Horizonte, a city acknowledged as the mining capital of Brazil and the capital of Minas
Gerais state. The project has a Mineral Resource of 36Mt @ 43.5% Fe.
With an experienced mining workforce amongst a population of over 2.3 million people, the infrastructure and access to the domestic steel market around the Posse Project is excellent.
Operations commenced in March 2013.

Competency Statement

The information in this report that relates to:
a) Exploration Results is based on information compiled or reviewed by Mr Robert Smakman who is a full time employee of the company;
b) Borborema gold Mineral Resources is based on information compiled by Mr Lauritz Barnes and
Mr Brett Gossage and independent consultants to the company;
c) Borborema gold Ore Reserves is based on information compiled by Mr Linton Kirk, independent consultant to the company;
d) Posse Fe Mineral Resources is based on and accurately reflects, information compiled by
Mr Bernardo Viana who is a full time employee of Coffey Mining Pty Ltd,
and who are all Members of the Australian Institute of Mining and Metallurgy (Rob Smakman and Linton Kirk being Fellows), and who all have sufficient experience that is relevant to the type of mineralisation and type of deposit under consideration, and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Each of Mr Smakman, Mr Lauritz Barnes, Mr Kirk, Mr Viana and Mr Brett Gossage consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.

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