|December 10, 2010|
Crowflight Announces Appointment of New Director and Management Changes
|CROWFLIGHT MINERALS INC. ("Crowflight" or the "Company") (TSX: CML) today|
announced the appointment of Mr. Wenfeng Liu to its Board of Directors. Mr Liu will also serve as Chairman of the Board.
Mr Liu is a Chinese-Canadian businessman and investor who has numerous business interests and who serves as a principal of Canadian Maple Leaf Investment Ltd. (CMLI). Mr. Liu has held senior positions with Chinese steel producer Hebei Wenfeng Iron and Steel Co., Ltd. from its inception to 2004, as well as senior management and executive positions in various other business corporations in China. In Canada Mr. Liu served as Director of TSXV listed Welichem Biotech Inc. from January 24, 2008 to March 12, 2009.
The Board of the Company now comprises five directors namely, Wenfeng. Liu, Xuexin (Kevin) Zhu, Jianguo (Myles) Gao, Michael Hibbitts and Zhonghua (John) Pan.
The Company also announces that Mr. David Hunter, Chief Financial Office, and Mr. Patrick Gleeson, Corporate Secretary, have left the Company. Mr. Derek Liu, CGA, has been appointed as the Chief Financial Officer and Corporate Secretary.
Derek Liu is a professional accountant with over 15 year diverse international experiences in financial reporting, auditing, and accounting. He is a member of Certified General Accountants Association of British Columbia ("CGA, BC") and a Certified Public Accountant ("CPA") in the State of Colorado, USA. He has held senior accounting positions, such as corporate controller and chief financial officer, at a numerous public Canadian mining companies for the past several years. Derek Liu and Wenfeng Liu are not related. Derek Liu will be relocating the principal business office of the Company to Vancouver.
Kevin Zhu, director and interim CEO, commented "On behalf of the Board of Directors, we wish to welcome Mr Wenfeng Liu to the Board, Mr Derek Liu to the key finance role and to thank David Hunter and Patrick Gleeson for their past contributions to Crowflight."
About Crowflight Minerals
Crowflight Minerals Inc. (TSX: CML) is a Canadian junior mining company that owns the Bucko Lake Nickel Mine near Wabowden, Manitoba. The Company also holds nickel, copper and Platinum Group Mineral (PGM) projects in the Thompson Nickel Belt and Sudbury Basin.
Cautionary Note on Forward-Looking Information
This press release contains forward-looking statements under Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the use of proceeds, the board and management changes; the Company's development potential and timetable of the Company's properties, including the Bucko Lake Project; the timing and amount
of estimated future production; and planned capital expenditures. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and
phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions
and estimates of management as of the date such statements are made. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements,
including but not limited to those risks of the Company described in its annual information form that is available under its profile on SEDAR at www.sedar.com. Although management of the Company has attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking statements, 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 statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
Further information is available on the Company's website at www.crowflight.com or
Chief Financial Officer and Corporate Secretary
Crowflight Minerals Inc.
P.O. Box 35 1655-999 West Hastings Street
Vancouver, British Columbia Canada V6C 2W2
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