|January 31, 2007|
Crowflight To Host Webcast to Provide Updates on Developments at the Bucko Lake Nickel Deposit
|CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture Exchange: CML) will host a webcast -- conference call, tomorrow, Thursday, February 1, 2007 to discuss the recent announcement of its definitive offtake agreement and amendments to its earn-in agreement with Xstrata Nickel plus provide an update on development activities at its Bucko Lake Nickel Deposit, near Thompson Manitoba. Webcast and conference call details are as follows.|
Date: Thursday, February 1, 2007
Time: 10:30 AM EDT
Available on the Crowflight Website: http://www.crowflight.com.
There will be a question and answer period following the webcast, call-in details include:
Live Conference Access information:
Local and International Access: 416-695-6130
Toll-Free Access: 1-800-769-8320
This webcast will also be available as an archive on Crowflight's website following completion and as an archived conference call until February 8, 2007 at the following numbers:
Instant Replay Access information:
Local and International Access: 416-695-5275
Crowflight - Canada's Next Nickel Producer
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 Lake Nickel Deposit; (2) an earn-in option with Xstrata Nickel 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; (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; and (4) a 100% interest in the Clarke Lake property comprising approximately 100 square kilometres of recently staked ground south and adjacent to the TNB South Project Area.
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, being explored under a 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:
President and CEO
Tel: (416) 861 - 5900
Fax: (416) 861 - 8165
Tel: (604) 684 - 4743 ext 230
Toll Free: 1 - 866 - 684 - 4209
You can view the Next News Release item: Thu Feb 1, 2007, Crowflight Completes Bankable Feasibility Study On Bucko Lake Nickel Deposit, Study Demonstrates Potential For 118% Internal Rate Of Return At Us$8.00/Pound Nickel
You can view the Previous News Release item: Wed Jan 31, 2007, Crowflight -- Xstrata Nickel Amend The Terms Of Thompson Nickel Belt Agreements, Sign Offtake Agreement For Treatment Of Bucko Deposit Concentrate
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