Crazy Horse to Undertake Up to C$10,000,000 Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 10, 2011) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Crazy Horse Resources Inc. (TSX VENTURE:CZH) (the "Company") is pleased to announce a brokered private placement of up to $10 million of common shares at a price of $1.25 per common share (the "Offering"). The Company has engaged NCP Northland Capital Partners Inc. to act as its agent to complete the Offering.

The net proceeds of the Offering will be used to further develop the Company's Taysan Copper-Gold Porphyry Project in the Philippines.

All securities issued under the Offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws.

Closing of this Offering is expected to occur on or about January 25, 2011 and is subject to receipt of all necessary regulatory approvals including that of the TSX Venture Exchange.

ON BEHALF OF THE BOARD

Johan Raadsma, President, CEO and Secretary

This press release is not an offer of securities for sale in the United States. The common shares being offered have not been and will not be registered under the United States Securities Act of 1933 and accordingly are not being offered for sale and may not be offered, sold or delivered, directly or indirectly within the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of that Act.

This press release includes "forward-looking statements" including statements relating to completion of the proposed Offering and use of the offering proceeds, that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. 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. There is no assurance that the Company will be successful in raising any or all of the private placement, or that the terms thereof will not materially change prior to closing. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.