Crosshair Exploration & Mining Corp.

Crosshair Exploration & Mining Corp.

May 01, 2008 21:07 ET

Crosshair to Appear on 21st Century Business Television With Alexander Haig

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2008) - Crosshair Exploration & Mining Corp. (TSX VENTURE:CXX)(AMEX:CXZ) is pleased to announce its appearance on 21st Century Business Television, hosted by General Alexander Haig.

The rapid growth of civilization has created a huge demand for more electricity. Global warming now dictates that electricity be created as cleanly as possible and uranium is re-establishing itself as an efficient, safe and viable alternative. A nuclear power renaissance is now emerging to supply the world with the base-load power it needs to progress and flourish. Crosshair has entered the race to discover and deliver the next world class uranium mine and is advancing its uranium project in Central Labrador, on Canada's northeastern seaboard.

"We are very excited to be working with General Al Haig and the 21st Century Business team," says Mark Morabito, CEO of Crosshair. "This is a great format for telling the nuclear renaissance story and showing how Crosshair is doing its part to solve the uranium supply shortfall."

JL Haber, Vice President of Programming for 21st Century Business, added, "As the demand for alternative power sources increases, both internationally and domestically, Crosshair has positioned itself to meet this ever-increasing demand. We are excited to have them as a guest on our program."

For air schedule, click link below:

About Crosshair

Crosshair is a leading junior exploration company focused on exploring and developing uranium in the Central Mineral Belt of Labrador. An aggressive drill program is currently underway with the objective of rapidly expanding a 43-101 uranium resource. Crosshair is also demonstrating the multi-deposit potential of the project by successfully developing and drilling several new uranium targets on the 720 square kilometre project. As exploration advances within the Crosshair project, along with various other exploration plays in the area, the Central Mineral Belt is fast emerging as the next big uranium district in Canada. Crosshair also continues to advance its gold and Volcanic Hosted Massive Sulphide (VHMS) projects in Newfoundland, which are slated for a dividend spin out to shareholders in 2008.

For more information on the Company and its properties, please visit the website at

About 21st Century Business

21st Century Business airs on CNBC (as paid programming). 21st Century Business may also be viewed on US Airways in-flight TV, or through video on demand via The 21CBTV Series is also available at more than 90 prestigious college universities, including Carnegie Mellon University, Howard University, Dartmouth College and Georgetown University.

For specific market-by-market air dates and times, please e-mail or visit

For more information, please visit


Mark J. Morabito, Chief Executive Officer

Cautionary Note Regarding Forward-Looking Information

Information set forth in this news release may involve forward-looking statements. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the risks associated with outstanding litigation, if any; risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in uranium, gold and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to U.S. Shareholders. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the content of this News Release.

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