|May 26, 2008|
Crowflight Appoints Anna Ladd as CFO
|CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture Exchange: CML) is pleased to announce that Anna Ladd has joined Crowflight as the Chief Financial Officer of the Company.|
Ms. Ladd is an experienced professional with a wide array of experience in the mining industry. Prior to joining Crowflight, she served as the Group Controller, North American Operations of Kinross Gold Corporation and has also worked in Thompson and Sudbury for Vale Inco. Ms. Ladd is a Certified Management Accountant and holds a Masters of Arts (Economics) from Queen's University in Kingston, Ontario and a Bachelor of Commerce degree from the University of British Columbia.
Mike Hoffman, Crowflight's President and Chief Executive Officer, stated, "We are delighted to welcome Anna to the Crowflight team since her depth of experience with mine operations will be invaluable as we bring the Bucko Lake Nickel Project into production this year. We would like to thank Ms. Deborah Battiston for all of her work and contributions to the Company and appreciate her being available to assist during the transition period."
The Company also announces that it has granted an aggregate of 3,375,000 options under the Company's stock option plan to officers, directors, employees and consultants. Each option is exercisable for one common share at a price of $0.69 per option exercised at any time prior to 5:00 p.m. (Toronto time) on May 26, 2013. The options will vest quarterly in eight equal instalments, with the first instalment vesting as of May 26, 2008.
Crowflight Minerals -- Canada's Next Nickel Producer
Crowflight Minerals Inc. (TSX-V: CML) is a Canadian junior mining exploration and development company focused on nickel, copper and Platinum Group Mineral (PGM) projects in the Thompson Nickel Belt 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.
Crowflight's priority is to bring the fully-funded Bucko Lake Nickel Project located near Wabowden, Manitoba into production by the third quarter of 2008.
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the role of Ms. Ladd and the benefits of her appointment to the Company. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Further information is available on the Company's website at www.crowflight.com or contact:
President and CEO
Tel: (416) 861-2964
Manager, Investor and Public Relations
Tel: (416) 861-5803
You can view the Next News Release item: Wed Jun 25, 2008, Crowflight Provides Update on Underground Drilling at Bucko
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