Crowflight Minerals Inc.

Crowflight Minerals Inc.

February 24, 2005 10:57 ET

Crowflight Provides an Update on Exploration Activities in the Thompson Nickel Belt


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CROWFLIGHT MINERALS INC.

TSX VENTURE SYMBOL: CML

FEBRUARY 24, 2005 - 10:57 ET

Crowflight Provides an Update on Exploration
Activities in the Thompson Nickel Belt

TORONTO, ONTARIO--(CCNMatthews - Feb. 24, 2005) - CROWFLIGHT MINERALS
INC. (TSX VENTURE:CML) is pleased to announce that the Winter 2005
exploration and project development programs are progressing as planned
at the Bucko-Bowden and Thompson North Projects in the Thompson Nickel
Belt (TNB). The winter programs which began in early January 2005 (refer
to the previous Press Release dated January 13, 2005), are focused on
outlining new, and expanding previously defined, higher-grade nickel,
copper and PGE's mineralization on both projects as well as completing
metallurgical sampling for an on-going feasibility study at the Bucko
Deposit.

Stan Bharti, President and CEO of Crowflight commented on the progress
at the TNB programs stating: "The TNB is one of the most prolific Base
Metal sulphide camps in the World and Crowflight has teamed-up with
Falconbridge, one of the most experienced and technologically advanced
explorers of such mineralization. The exploration and technological
expertise of Falconbridge is focused on identifying attractive Nickel,
Copper and PGE's mineralization within the TNB properties while the
Crowflight team remains focused on advancing the high grade Bucko Nickel
Deposit towards feasibility. We remain excited about the combined
potential of a near-term development scenario at the Bucko Deposit and
exploration success within the Crowflight-Falconbridge TNB properties as
the winter program advances."

The Company plans to drill approximately 20,000 meters on the TNB
exploration properties and in-fill and metallurgical sample drilling at
the Bucko Deposit during the winter program. Over 6,000 meters for a
total of 17 holes, have been completed to date. Assays are pending and
should be available in increments in the coming weeks.

Thompson Nickel Belt Programs

1. Linecutting and ground geophysical programs

TEM (UTEM and Crone PEM), HLEM and Magnetics ground geophysical programs
have been completed at the Bucko Deposit and on priority areas of the
Bowden Lake (Bowden and M11A Deposit, Bucko South Extension and North
Limb Ultramafic) and Gonlin Lake properties and are in progress at the
Halfway Lake, Resting Lake, Moak/Strong, Burntwood River and Airport
properties. The geophysical surveys are intended to refine drill
targets, including targets previously identified by the airborne MegaTEM
survey. The initial focus of the program is on the Bucko-Bowden-M11A
corridor where previous work has identified Nickel mineralization
associated with ultramafic rocks.

2. Diamond drilling

Five diamond drill rigs are currently active on the
Crowflight-Falconbridge exploration properties and the Bucko Deposit.
Drilling to date includes 17 drill holes and 6 wedged holes for a total
of 6,235 metres. In total, 20,000 meters of drilling in approximately 35
drill holes is planned for the winter program. A summary of the drilling
completed to date includes:

- Bucko Deposit - 2 holes (BK-05-01, 02A) and 6 wedged holes (N-05-12A,
12B, 12C, 15A, 15B and 21A) for a total of 2,010 meters have been
drilled to in-fill the known mineral resource at Bucko and provide a
minimum 350 kilogram metallurgical sample for the on-going feasibility
study (refer to the press release dated October 28, 2004 for details). A
further 4 holes (BK-05-03, 04, 05 and 06) for a total of 1,280 meters
have been drilled to delineate additional Nickel resources.

- M11A - 3 holes (M11A-05-01, 02 and 03) for a total of 1,120 meters
have been drilled to test the extension of historic higher Nickel
intersections.

- Bucko Lake North Limb - 1 hole (BX-05-01) for a total of 360 meters
have been drilled to test an EM and Magnetic anomaly along the
ultramafic unit sub-parallel to the Bucko Deposit Ultramafic.

- Thompson North Project, Moak Lake/Strong Lake Property - 7 holes
(ML-05-01, 02, 03, 04 and, 05, and ST-05-01 and 02) for a total of 1,465
meters have been drilled to test what is believed to be
metasediment-hosted semi-massive sulphides as indicated by EM
geophysical anomalies located roughly 4 kilometers north and on-strike
to Inco's-Nuinsco's Mel Deposit containing an Indicated Resource of
290,000 tonnes grading 1.7% Nickel and an Inferred Resource of 260,000
tonnes at 1.7% Nickel.

Five diamond drills remain active on the Bucko-Bowden Project and Bucko
Deposit. Four drills are deployed on the Bucko-Bowden Project, including
one drill at the Bucko Deposit where 3 additional holes are planned to
delineate additional Nickel resources; two drills at the Bowden Deposit
where 6 drill holes are planned to test the extension of higher grade
Nickel mineralization; and one drill at the Bucko South Extension where
1 drill hole is planned to test the southern extension of the Bucko
Deposit. The fifth drill is on the Thompson North Project (Moak/Strong
property) where 2 additional holes are planned to test additional EM
conductors.

Crowflight - The Base Metal Builder

Crowflight Minerals Inc. is a Canadian junior mining exploration and
development company listed on the TSX Venture Exchange. The company is
focused on Nickel, Copper and Platinum Group Mineral projects in the
Thompson Nickel Belt ("TNB") and Sudbury Basin. The company currently
owns and/or has under option more than 672 km2 of exploration and
development properties in Manitoba and Ontario.

In Manitoba, these properties include: (1) the Bucko Deposit where the
Company is conducting a feasibility study, and (2) an earn-in option on
ten highly prospective properties with Falconbridge Limited, including
four within 30 kilometres of the Bucko Deposit (Bowden Lake, Resting
Lake, Halfway Lake and Gonlin Lake), and six located 100 kilometers to
the north on the TNB Thompson North Project (Burntwood River, Birchtree
South, Birchtree North, Airport, Moak Lake and Strong Lake).

In the Sudbury Basin, these properties include: (1) the 100% owned AER
Kidd Project adjacent to Inco's Totten Deposit (10.1 million tonnes @
1.5% Ni, 2% Cu, 4.8 g/t PGE's), (2) the Airport Property (a 50/50 joint
venture with Millstream Mines Ltd.) located 4 km on-strike with
Falconbridge's Nickel Rim South Deposit (13.2 million tonnes @ 3.5% Cu,
1.7% Ni, 0.8 g/t Au, 4.1 g/t PGE's), (3) the optioned (100% earn-in)
Mystery Offset Dyke Property and (4) the 100% owned Peter's Roost
Property.

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

Statements in this release that are not historical facts are
"forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Readers are cautioned that any
such statements are not guarantees of future performance and that actual
developments or results may vary materially from those in these
"forward-looking statements. The TSX Venture Exchange has not reviewed
and does not accept responsibility for the adequacy or accuracy of this
release.

NOTE: A map is available on CCNMatthews' website at:
http://www2.ccnmatthews.com/database/fax/2000/tnb.doc

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Crowflight Minerals Inc.
    Stan Bharti
    President and CEO
    (416) 861-5876
    www.crowflight.com