Crowflight Minerals Inc.
TSX VENTURE : CML

Crowflight Minerals Inc.

March 23, 2006 14:30 ET

Crowflight Stakes Additional Ground In The North Range Footwall Of The Sudbury Basin

TORONTO, ONTARIO--(CCNMatthews - March 23, 2006) - CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE:CML) is pleased to announce that it has acquired by staking an additional 100 mining units in the Sudbury Mining District in order to expand and consolidate its property position in the North Range Footwall. The properties are part of the Company's Peter's Roost Project area and were staked around recently identified exploration targets believed prospective for hosting Offset Style nickel-copper and platinum group element mineralization. The Peter's Roost Project was acquired by Crowflight in 2004 via a major staking program to secure property in the North Range of the Sudbury Basin covering 2 projected concentric Offset Dykes.

The recently acquired claims are located in Hess, Leinster and Tyrone Townships, approximately 45 kilometres northwest of the Sudbury City Centre and compliment the acquisition of property announced by the Company in a Press Release dated February 1, 2006.

Greg Collins, Crowflight's Manager of Exploration overseeing the Company's Sudbury project portfolio, stated: "Staking activity in the North Range Footwall has undergone a revival in recent months resulting from renewed interest in the area following major property acquisitions in the area by Falconbridge, FNX, and Wallbridge". Crowflight is well positioned to advance exploration on its properties in the area, holding a competitive land position and a portfolio of attractive exploration targets, several of which are ready for drill testing. Exploration plans for the area are in progress.

Crowflight Minerals Inc. has consolidated its 100% interest in mining claims in the Townships of Hess, Leinster, Tyrone, Botha, Roberts, Kitchener, Creelman, and Hutton. It now holds 45 claims (560 mining claim units comprising approximately 90 square kilometres) that maintain sufficient assessment reserves to remain in good standing for a minimum of 2 years.

In addition, the Company has granted options to purchase 3,120,000 common shares of the Company at an exercise price of $0.225 to officers, directors and consultants of the Company, subject to regulatory approval.

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 ("PGM") projects in the Thompson Nickel Belt ("TNB") and Sudbury Basin. The company currently owns and/or has under option approximately 600 square kilometres of exploration and development properties in Manitoba and Ontario.

In Manitoba, these properties include: (1) the Bucko Nickel Deposit; (2) an earn-in option with Falconbridge Limited on five highly prospective properties (Bucko/Bowden, Resting Lake, Rock Island Lake, Halfway Lake and Gonlin Lake) on the TNB South Project located within 30 kilometres of the Bucko Deposit; and (3) six additional properties (Burntwood River, Birchtree South, Birchtree North, Airport, Moak Lake and Strong Lake) located 100 kilometres to the north on the TNB North Project.

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% Nickel, 2% Cu, 4.8 g/t PGM's); (2) the 100% owned Peter's Roost Property; and (3) the Airport Property (a 50/50 joint venture with Millstream Mines Ltd.) located 4 km south, and on-strike, with Falconbridge's Nickel Rim South Deposit (13.2 million tonnes @ 3.5% Cu, 1.7% nickel, 0.8 g/t Au, 4.1 g/t PGM's).

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 Company cautions investors that the projections for increases to the Indicated Resources are based on Inferred Resources. There is no certainty that these projections will be added to the Indicated Resources or that they will be economically viable.



TSX-V Trading Symbol: CML
Total Shares Outstanding: 121.5MM
Fully Diluted: 165.0MM
52-Week Trading Range: C$0.18 - $0.41


Contact Information

  • Crowflight Minerals Inc.
    Thomas Atkins
    President and CEO
    (416) 861 - 5900
    (416) 861 - 8165 (FAX)
    www.crowflight.com
    or
    Ascenta Capital
    Bruce Korhonen
    (604) 684-4743 x 30