|March 14, 2005|
Crowflight Appoints New President And CEO
|TORONTO: CROWFLIGHT MINERALS INC. (TSX VENTURE:CML) is pleased to announce the appointment of Thomas Atkins to the position of President and CEO and director of Crowflight effective April 1, 2005. Current President and CEO, Stan Bharti will become Crowflight's Chairman and the current Chairman, Gerald McCarvill will become Vice Chairman. |
Stan Bharti, former President and CEO commented on the appointment of Mr. Atkins, stating: "We're excited about Tom's appointment to Crowflight. He brings an extremely well rounded background with over 20 years experience in the mining industry, including mineral exploration and development, corporate and investment banking, corporate development and investor relations. We look forward to his leadership as Crowflight drives forward on the development of the Bucko Nickel Deposit and our exciting exploration projects in the Sudbury Basin and the Thompson Nickel Belt with Falconbridge."
Thomas Atkins was most recently Vice President, Investor Relations with IAMGold Corporation. He graduated from McMaster University with a BSc in geology in 1984 and University of Western Ontario with a MBA in 1988. Prior to joining IAMGold in 2003, Mr. Atkins had been employed in senior management levels of various mineral companies, including Ivernia West Inc. and Boliden Limited, in the financial services industry as an investment and corporate banker with CIBC World Markets, Bank of Montreal and Citibank Canada and as an exploration and mine geologist and project engineer working extensively throughout the Americas in exploration and project acquisitions for Northgate Exploration Ltd. and TVX Gold Ltd.
Commenting on his appointment to Crowflight, Mr. Atkins stated: "Becoming President and CEO of Crowflight is an extraordinary opportunity. The company has an exceptionally experienced and highly motivated management team spearheaded by Jean Lafleur as V.P. Exploration and the recent appointment of Paul Keller as COO. The operating team is supported by an experienced board and technical advisory committee, including those with direct former experience at Bucko. The management team is poised to complete the feasibility study on the high-grade Bucko Nickel Deposit, following which Bucko will be developed, giving Crowflight the cash flow it needs to continue to grow. This coupled with the exciting exploration potential in the Sudbury Basin and more immediately within the Thompson Nickel Belt, with our partner Falconbridge, brings additional ingredients of success and growth." Mr. Atkin's appointment to the Board of Directors of the Company follows the resignation of Bryson Farrill, who will become Chairman of the Company's Advisory Board.
Crowflight - The Base Metal Builder
Crowflight Minerals Inc. is a Canadian junior mining exploration and development company listed on the TSX Venture Exchange. The company is focused on nickel, copper and Platinum Group Mineral projects in the Thompson Nickel Belt ("TNB") and Sudbury Basin. The company currently owns and/or has under option more than 672 km2 of exploration and development properties in Manitoba and Ontario.
In Manitoba, these properties include: (1) the Bucko Deposit where the Company is conducting a feasibility study, and (2) an earn-in option on ten highly prospective properties with Falconbridge Limited, including four within 30 kilometres of the Bucko Deposit (Bowden Lake, Resting Lake, Halfway Lake and Gonlin Lake), and six located 100 kilometres to the north on the TNB Thompson North Project (Burntwood River, Birchtree South, Birchtree North, Airport, Moak Lake and Strong Lake).
In the Sudbury Basin, these properties include: (1) the 100% owned AER Kidd Project adjacent to Inco's Totten Deposit (10.1 million tonnes @ 1.5% Ni, 2% Cu, 4.8 g/t PGE's), (2) the Airport Property (a 50/50 joint venture with Millstream Mines Ltd.) located 4 km south, and on-strike, with Falconbridge's Nickel Rim South Deposit (13.2 million tonnes @ 3.5% Cu, 1.7% Ni, 0.8 g/t Au, 4.1 g/t PGE's), (3) the optioned (100% earn-in) Mystery Offset Dyke Property and (4) the 100% owned Peter's Roost Property.
Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements.The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Crowflight Minerals Inc.
Vice President, Corporate Development
Phone: (416) 861-5891
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