|July 06, 2006|
Crowflight Appoints Mr. Bernard Wilson to its Board of Directors
|CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture Exchange: CML) is pleased to announce the appointment of Mr. Bernard R. Wilson, FCA, ICD.D to the Crowflight Board of Directors and as Chair of the Company's Audit Committee. Mr Wilson replaces Mr. Paul Carroll as Director and Audit Committee Chair, who chose not to stand for reelection at the Company's recent Annual General Meeting.|
Mr. Wilson is a recognized Canadian businessman having served in numerous leadership roles, including Chairman of the Founders Board of the Institute of Corporate Directors; Chairman of the Canadian Chamber of Commerce - the largest business organization in Canada with 175,000 members; Chairman of the Canadian Council for International Business -- the organization representing Canadian multinational companies at the OECD in Paris, the WTO in Geneva and the UN in New York; Chairman of the International Chamber of Commerce -- Canada; Member of the Canada/US Trade Committee; and is a senior financial professional with a wide array of working relationships with business executives in Canada, the United States and internationally. In addition, Mr. Wilson is an advisor in corporate finance and investment banking and has extensive experience in major financial restructurings and advises on international trade and commerce issues. Mr. Wilson has been granted 350,000 options to purchase common shares of the Company at $0.28 per common share, valid for a period of five years subject to regulatory approval.
Thomas Atkins, Crowflight's President and CEO, commented on Mr. Carroll's leaving the Board and the appointment of Mr. Wilson, stating: "I'd like to acknowledge the contribution and nsights of Mr. Carroll during a challenging period in the Company's development whereupon it underwent significant changes to arrive at its current advanced development stage. I am equally grateful to have such a distinguished and accomplished individual as Mr. Wilson join the Crowflight Board and accept the role as Chair of the Audit Committee. I am excited by possibilities in which Crowflight's management and shareholders will benefit from Mr. Wilson's experience and guidance as the Company takes the next step to becoming a nickel producer."
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 ("PGM") projects in the Thompson Nickel Belt ("TNB") and Sudbury Basin. The company currently owns and/or has under option approximately 600 square kilometres of exploration and development properties in Manitoba and Ontario.
In Manitoba, these properties include: (1) the Bucko Nickel Deposit; (2) an earn-in option with Falconbridge Limited on five highly prospective properties (Bucko/Bowden, Resting Lake, Rock Island Lake, Halfway Lake and Gonlin Lake) on the TNB South Project located within 30 kilometres of the Bucko Deposit; and (3) six additional properties (Burntwood River, Birchtree South, Birchtree North, Airport, Moak Lake and Strong Lake) located 100 kilometres to the north on the TNB North Project.
In the Sudbury Basin, these properties include: (1) the 100% owned AER Kidd Project adjacent to Inco's Totten Deposit (10.1 million tonnes grading 1.5% nickel, 2.0% copper and 4.8 g/t PGM's); (2) the 100% owned Peter's Roost Property, the subject of a recent joint venture agreement with Wallbridge Mining Co. Ltd.; and (3) the Airport Property (a 50/50 joint venture with Millstream Mines Ltd.) located 4 kilometres south, and on-strike, with Falconbridge's Nickel Rim South Deposit (13.2 million tonnes grading 1.7% nickel, 3.5% copper and 4.1 g/t PGM's).
Further information is available on the Company's web site at www.crowflight.com.
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 Company cautions investors that the projections for increases to the Indicated Resources are based on Inferred Resources. There is no certainty that these projections will be added to the Indicated Resources or that they will be economically viable.
For further information please contact:
Thomas Atkins, President and CEO
Bruce Korhonen, Investor Relations
Ascenta Capital Partners Inc.
Tel: 604-684-4743 ext. 230
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