Crowflight Minerals Inc.
TSX : CML

Crowflight Minerals Inc.

May 27, 2009 07:30 ET

Crowflight Appoints Mike Kelly as President & CEO and Mike Hoffman as Chairman

TORONTO, ONTARIO--(Marketwire - May 27, 2009) - CROWFLIGHT MINERALS INC. ("Crowflight", the "Company") (TSX:CML) today announces that it has appointed Michael D. Kelly, P. Eng. as President, CEO and a director of the Company, effective June 1, 2009. Mr. Kelly replaces Mike Hoffman, who will move to the position of Chairman of the Board for Crowflight. Bruce Humphrey, the former Chairman, will remain on the Board of Directors.

Mike Kelly has over 25 years of experience in mining operations and engineering and has overseen numerous operating mines in Canada, particularly in Manitoba. Mr. Kelly spent over 10 years as General Manager of the New Britannia Mine in Snow Lake, Manitoba and as Vice President Mining of Vale Inco's Thompson, Manitoba mines. Earlier in his career he worked at a number of the Hudson Bay Minerals mine sites. He holds a Master's degree in Mining Engineering from Queen's University.

"We are very pleased to welcome Mike Kelly to Crowflight. With his depth of operational experience, he will be a valuable asset to Crowflight's management team as the Company continues to ramp up production at the Bucko Lake Nickel Mine," commented Mike Hoffman, Crowflight's new Chairman. "Mike Kelly has worked extensively in northern Manitoba throughout his career and is therefore very familiar with the region of Crowflight's primary operating asset and its exploration properties."

Bruce Humphrey, outgoing Chairman of Crowflight, said "On behalf of the Board of Directors, we wish to thank Mike Hoffman for all his work as President and CEO in advancing the Company to its current pre-production phase. We are delighted that he will remain in the capacity of Chairman going forward."

"I am very excited to be joining Crowflight at such a pivotal time in its development," commented Mike Kelly. "Crowflight has managed to successfully build, finance and commence operations of Canada's newest nickel mine, all despite a difficult economic climate and we remain committed to achieving commercial production at Bucko this quarter. I look forward to being a part of its future growth as we work to deliver additional value for the Company's shareholders."

In other news, following the Company's Annual General Meeting held on May 14, 2009, Crowflight announces that Gerry McCarvill ceased to be a member of the Board of Directors. Mr. McCarvill has been involved with Crowflight since 2004 and has played an integral role in the Company's development during that time. The Board of Directors sincerely thanks him for his many years of service and support and wishes him success in his future endeavours.

Crowflight Minerals - Canada's Newest Nickel Producer

Crowflight Minerals Inc. (TSX:CML) is a debt-free Canadian junior mining company that is producing nickel at the Bucko Lake Nickel Mine near Wabowden, Manitoba. Crowflight expects to achieve full 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; conclusions of economic evaluations; the timing of commercial production; impact of management and Board appointments and government regulations. 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 those risks described in the Company's Annual Information Form that is available under the Company's profile on SEDAR. 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.

Further information is available on the Company's website at www.crowflight.com.



TSX Trading Symbol: CML
Total Shares Outstanding: 368.9MM
Fully Diluted: 450.3MM
52-Week Trading Range: C$0.09 - $0.72


Contact Information

  • Crowflight Minerals Inc.
    Mike Hoffman
    Chairman
    (416) 861-2964
    or
    Crowflight Minerals Inc.
    Heather Colpitts
    Manager, Investor and Public Relations
    (416) 861-5803
    info@crowflight.com
    www.crowflight.com