|March 21, 2007|
Crowflight to Host Webcast and Conference Call 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, March 22, 2007 to discuss updated results on its Bankable Feasibility Study on the Bucko Lake Nickel Deposit, near Thompson Manitoba. The update will include the impact of the addition of reserves from a 32% increase in Measured and Indicated Resources (refer to press release dated December 7, 2006). The Company will also provide an update on project development activities. Webcast and conference call details are as follows.|
Date: Thursday, March 22, 2007
Time: 10:30 AM ET
Available on Crowflight Website: http://www.crowflight.com.
There will be a question and answer period following the presentation, call-in details include:
Live Conference Access information:
Local and International Access: 416-695-9706
Toll-Free Access: 1-866-905-2211
This webcast will also be available as an archive on Crowflight's website following completion and archived conference call until March 29, 2007 at the following numbers:
Instant Replay Access information:
Local and International Access: 416-695-5275
Toll-Free Access: 1-888-509-0081
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 226
Toll Free: 1 - 866 - 684 - 4209
You can view the Next News Release item: Thu Mar 22, 2007, Crowflight Updates Bankable Feasibility Study on Bucko Lake Nickel Deposit, Increases Net Present Value of Project by CDN$44 Million at US$8.00 per Pound Nickel
You can view the Previous News Release item: Tue Mar 6, 2007, Crowflight Signs with Dumas Contracting Ltd. for Underground Mine Development of Bucko Nickel Deposit
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