Crowflight Minerals Inc.
TSX : CML

Crowflight Minerals Inc.

August 21, 2009 14:34 ET

Crowflight Appoints Mark Trevisiol as President and CEO

TORONTO, ONTARIO--(Marketwire - Aug. 21, 2009) - CROWFLIGHT MINERALS INC. ("Crowflight" or the "Company") (TSX:CML) today announced the appointment of Mark Trevisiol, P.Eng. as President and CEO of the Company, effective immediately. Mr. Trevisiol replaces Mike Kelly who has resigned from the Company.

Mark Trevisiol has over 21 years of management experience in the base metals industry, 18 of which have been spent specifically in the nickel sector. Prior to joining Crowflight, Mr. Trevisiol was Chief Operating Officer of Liberty Mines, where he was responsible for their mining and milling operations in Timmins, Ontario. Formerly General Manager of Business Development & Strategy of Xstrata Nickel Sudbury Operations, Mr. Trevisiol spent 18 years with Falconbridge Ltd in various roles, including General Manager of the Sudbury Smelter business unit, Production Manager of the Sudbury smelter and Superintendant of the Kidd Creek operations. He holds a mechanical engineering degree from the University of Waterloo and is also currently the President and CEO of Auger Resources Inc., a private exploration company.

Stan Bharti, Executive Chairman of Crowflight, commented, "On behalf of the Board of Directors, we are pleased to welcome Mark to the Crowflight team. We have been looking to benefit from Mark's involvement in Crowflight for some time as we have been impressed with his track record and dedication. Mark has a record of improving nickel mine performance, which we are confident will be a great asset to the Company."

Crowflight Minerals - Canada's Newest Nickel Producer

Crowflight Minerals Inc. (TSX:CML) is a Canadian junior mining company that is producing nickel at the Bucko Lake Nickel Mine near Wabowden, Manitoba. Crowflight began commercial production at Bucko in the second quarter of 2009. The Company is also focused on 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 Company's development potential and timetable of the Company's properties, including the Bucko Lake Project; the future price of nickel and other minerals; the timing and amount of estimated future production; capital expenditures; mining or processing issues; and environmental risks. 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. Estimates regarding the anticipated timing, amount and cost of mining at the Bucko Lake Project are based on assumptions underlying mineral reserve and mineral resource estimates and the probability of realizing such estimates that are set out herein. Production estimates are based on mine plans and production schedules, which have been developed by the Company's personnel and independent consultants. 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 risks related to: unexpected events and delays during production;; timing and availability of external financing on acceptable terms; changes in project parameters as plans continue to be refined; future prices of minerals, particularly nickel; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry. 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.



TSX Trading Symbol: CML
Total Shares Outstanding: 429.1MM
Fully Diluted: 542.3MM
52-Week Trading Range: C$0.09 - $0.36

Contact Information

  • Crowflight Minerals
    Mark Trevisiol
    President & CEO
    (416) 861-5893
    or
    Crowflight Minerals
    Heather Colpitts
    Manager, Investor and Public Relations
    (416) 861-5803
    info@crowflight.com
    www.crowflight.com