|September 10, 2007|
Crowflight Minerals Appoints Bruce Humphrey as Chairman and Mike Hoffman as President & CEO; Teleconference with New Management Scheduled for Tuesday September 11, 2007
|CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture Exchange: CML) The Board of Directors of Crowflight Minerals Inc. is pleased to announce the appointment of Mr. Bruce Humphrey, P. Eng., as Chairman of the Board and Mr. Michael Hoffman, P.Eng., as President and CEO of Crowflight. Mr. Stan Bharti, outgoing Chairman, will continue to be on the Board of Directors.|
Mr. Tom Atkins has been terminated without cause as President and CEO effective immediately. The Board of Directors of Crowflight would like to thank Mr. Atkins for his contribution at Crowflight and wish him success in his future endeavours.
"The addition of Bruce Humphrey and Mike Hoffman to the Board and the management team brings significant operational strength to Crowflight and further reinforces its commitment to bring the Bucko mine into production in 2008" said outgoing Chairman, Stan Bharti, P.Eng. "Bruce and Mike work well together and have been involved in the construction and operation of several mines in Canada and around the world."
Mike Hoffman is a professional mining engineer with over 25 years of experience in mine operations, projects, engineering and corporate development. Mike recently served in senior executive positions at Goldcorp, Desert Sun Mining and Yamana Gold. He currently also serves as President and CEO of Kria Resources Inc., a private mining company. He also serves on the Board of Directors of Castillian Resources and Largo Resources.
"I am excited by this new position. Crowflight is well positioned financially and has an excellent exploration and development portfolio. In conjunction with the Board of Directors and our management team, our goal is to bring Bucko to production and continue an aggressive exploration programme to provide additional value to our shareholders" commented Mike Hoffman, the new President and CEO of Crowflight.
Mr. Bruce Humphrey, P. Eng., is a seasoned mining executive with over 30 years of experience in mining. Most recently, he was President and CEO of Desert Sun Mining Inc., and prior to that Chief Operating Officer of Goldcorp Inc. Bruce serves on a number of mining company boards and provides advisory services to various mining companies. "I am pleased that Mike has agreed to join Crowflight as President and CEO. His strong background in operations, project development and acquisitions will be an asset to Crowflight. I am looking forward to assisting the management team at Crowflight as they continue their goal of turning Crowflight into an intermediate base metal mining company."
CROWFLIGHT SCHEDULES TELECONFERENCE
The Management of Crowflight will be hosting a conference call on Tuesday September 11th to update the shareholders.
Conference Call Details:
Date: Tuesday September 11th, 2007
Time: 10:00 AM EDT
Local Callers: 416 641 6132
North American Callers: 1 866 226 1799
International Callers: +1 416 641 6132
There will be a question and answer period following the presentation.
Crowflight Minerals -- 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 800 square kilometres of exploration and development properties in Manitoba and Ontario.
In Manitoba, these properties include: (1) the Bucko Nickel Deposit; (2) an option to earn a 100% interest from Xstrata Nickel on its 500 square kilometre properties near Wabowden and Thompson Manitoba (formerly part of the TNB North and TNB South Project option agreement areas); and (3) a 100% interest in 200 square kilometres near Clarke 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 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.
For further information please contact:
Manager, Investor & Public Relations
Cautionary Note Regarding Forward-Looking Information: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the future financial and operating performance of the Company and its projects, the timing and amount of, and expenses related to, estimated future production, the availability of financing at acceptable prices, the impact of management and board changes on the Company, and government permitting and regulation of mining operations. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; changes in project parameters as plans continue to be refined; delays in obtaining governmental approvals or required financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor any other regulatory body has reviewed and therefore does not accept responsibility for the adequacy or accuracy of this release.
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