Cross Lake Minerals Ltd.

Cross Lake Minerals Ltd.

April 28, 2008 07:00 ET

Cross Lake Minerals Ltd.: Improved Operations and Performance of QR Mine, Quesnel, British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2008) - Cross Lake Minerals Ltd. ("Cross Lake" or the "Company") (TSX:CRN) is very pleased to announce that operations and overall mine performance of the QR Mine have improved through the month of March as winter conditions subside and mine development continues. The Mine is located approximately 58 kilometers southeast of Quesnel in central British Columbia and commenced continuous operations late in 2007.

With the improvement in the weather and a change in the characteristic of the ore being developed, operations have been steadily improving over the month of March. Dry Mill Feed for the first half of the quarter ending March 30 was 300 tonnes per day and for the second half increased to an average of approximately 600 tonnes per day. With the Mill continuing to perform, the ounces of gold poured and shipped from the Mine Site increased from 247 ounces gold per week to 355 ounces gold per week. Furthermore as the operation benefitted from greater efficiency, costs were below budget for the whole first quarter. As a result of this overall improvement in performance, the QR Mine has generated a positive cash flow for the past several weeks.

Currently, mill feed is being provided solely from mining of the Northwest Zone. As the Northwest Zone is depleted, mill feed will be from the Midwest Zone and, in the future, the West Zone will also contribute to the mining operations. As conditions continue to improve, the goal of management is to continue to increase the dry tonnes mined per day and work to further improve the recovery and performance of the Mill. As a result, the overall performance and financial strength of the Company will also continue to improve.

The recently announced excellent drill results from the initial phase of underground diamond drilling of the North Zone are also an important milestone in the ongoing development of the QR Mine. It is this Zone that will be the focus of medium term development and assure a longer life for the Mine.

"The coming of spring has brought new life and spirit to the operations and staff at the QR Mine. We have had a very tough winter as a result of having to start operations with those inherent difficulties combined with poor weather conditions and frozen mill feed from stockpiles accumulated during the Mill shut down related to the electrical problems. Management and staff of the Company are very pleased to see the improvements through the last half of the first quarter and will continue to work together to realize even better operational and financial performance," stated Gordon Keevil, President.

The QR Project is being supervised by Tom Colbourne P.Eng., Vice President of Mining, who is the designated Qualified Person and who has reviewed the contents of this news release.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at for further information.

12(g) No. 82-2636

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