|November 21, 2008|
Crowflight Obtains Conditional Approval to Trade on Toronto Stock Exchange
|CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture Exchange: CML) is pleased to announce it has received conditional approval to list its common shares on the Toronto Stock Exchange (TSX).|
The listing is conditional on the Company providing certain documents to the Exchange. Following graduation, the common shares of the Company will continue to trade under the stock symbol CML.
Commented Mike Hoffman, President and CEO of Crowflight, "We feel that having Crowflight's shares graduate to the TSX is a natural progression for the Company at this point in time. As we begin production from our Bucko Lake Nickel Mine, it's an ideal time to increase our profile by being listed on the senior Canadian exchange."
Commissioning activities continue at the Bucko Lake Nickel Mine. Crowflight expects to ramp up production for the remainder of the year and declare full commercial production during the first quarter of 2009.
Crowflight Minerals -- Canada's Next Nickel Producer
Crowflight Minerals Inc. (TSX-V: CML) is a Canadian junior mining company that is bringing the Bucko Lake Nickel Mine near Wabowden, Manitoba into production. Full commercial production is expected to be achieved at Bucko in early 2009. The Company is also focused on nickel, copper and Platinum Group Mineral (PGM) projects in the Thompson Nickel Belt and Sudbury Basin.
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 estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. 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
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