Crazy Horse Resources Inc.
TSX VENTURE : CZH

Crazy Horse Resources Inc.

November 12, 2010 16:47 ET

Crazy Horse Completes Acquisition of Taysan Copper-Gold Project and Financing

MANILA, PHILIPPINES--(Marketwire - Nov. 12, 2010) - Crazy Horse Resources Inc. (TSX VENTURE:CZH) (the "Company") a Philippines based mineral exploration company, is pleased to announce that further to its news release of November 5, 2010, it has completed the acquisition of a 100% interest in the Taysan Copper-Gold Porphyry Project, in Batangas Province, Philippines consisting of two exploration permits and three exploration permit applications covering an aggregate area of 11,254 hectares (the "Project") hosting an advanced copper-gold porphyry deposit (the "Acquisition").

Concurrently with the completion of the Acquisition, the Company closed its C$8,500,000 brokered private placement by converting all previously issued subscription receipts to 11,333,333 units and releasing the private placement proceeds from escrow.

The Company is advancing on its US$3.5m work program for a full Scoping Study, including an in-fill confirmatory drilling program of 6,890m to bring the existing resources to JORC/NI43-101 compliant standards. This work program is expected to complete in January 2011.

ON BEHALF OF THE BOARD

"Johan Raadsma"

Johan Raadsma
President, CEO and Secretary

This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Crazy Horse Resources Inc. Statements regarding mineral exploration operations and objectives are subject to risk, including, but are not limited to, exploration and geologic risk, inflation and costs of goods and services, property title issues and regulatory approvals. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Crazy Horse Resources Inc. does not assume the obligation to update any forward-looking statement, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Crazy Horse Resources Inc.
    Investor Relations
    1-866-684-6730