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Re: News Release - Monday, May 26, 2008
Crowflight Appoints Anna Ladd as CFO
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CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture
Exchange: CML) is pleased to announce that Anna Ladd has joined
Crowflight as the Chief Financial Officer of the Company.
Ms. Ladd is an experienced professional with a wide array of experience
in the mining industry. Prior to joining Crowflight, she served as the
Group Controller, North American Operations of Kinross Gold Corporation
and has also worked in Thompson and Sudbury for Vale Inco. Ms. Ladd is
a Certified Management Accountant and holds a Masters of Arts
(Economics) from Queen's University in Kingston, Ontario and a Bachelor
of Commerce degree from the University of British Columbia.
Mike Hoffman, Crowflight's President and Chief Executive Officer,
stated, "We are delighted to welcome Anna to the Crowflight team since
her depth of experience with mine operations will be invaluable as we
bring the Bucko Lake Nickel Project into production this year. We
would like to thank Ms. Deborah Battiston for all of her work and
contributions to the Company and appreciate her being available to
assist during the transition period."
Option Grant
The Company also announces that it has granted an aggregate of
3,375,000 options under the Company's stock option plan to officers,
directors, employees and consultants. Each option is exercisable for
one common share at a price of $0.69 per option exercised at any time
prior to 5:00 p.m. (Toronto time) on May 26, 2013. The options will
vest quarterly in eight equal instalments, with the first instalment
vesting as of May 26, 2008.
Crowflight Minerals -- Canada's Next Nickel Producer
Crowflight Minerals Inc. (TSX-V: CML) is a Canadian junior mining
exploration and development company focused on nickel, copper and
Platinum Group Mineral (PGM) projects in the Thompson Nickel Belt and
Sudbury Basin. The Company currently owns and/or has under option
approximately 800 square kilometres of exploration and development
properties in Manitoba and Ontario.
Crowflight's priority is to bring the fully-funded Bucko Lake Nickel
Project located near Wabowden, Manitoba into production by the third
quarter of 2008.
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herein, the
information in this press release constitutes "forward-looking
information" within the meaning of Canadian securities law. Such
forward-looking information may be identified by words such as "plans",
"proposes", "estimates", "intends", "expects", "believes", "may",
"will" and include without limitation, statements regarding the role of
Ms. Ladd and the benefits of her appointment to the Company. There can
be no assurance that such statements will prove to be accurate; actual
results and future events could differ materially from such statements.
Investors are cautioned not to put undue reliance on forward-looking
information. Except as otherwise required by applicable securities
statutes or regulation, the Company expressly disclaims any intent or
obligation to update publicly forward-looking information, whether as a
result of new information, future events or otherwise.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Further information is available on the Company's website at
www.crowflight.com or contact:
Mike Hoffman
President and CEO
Crowflight Minerals
Tel: (416) 861-2964
Heather Colpitts
Manager, Investor and Public Relations
Crowflight Minerals
Tel: (416) 861-5803
info@crowflight.com
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Copyright (c) 2008 CROWFLIGHT MINERALS INC. (CML) All rights reserved.
For more information visit our website at http://www.crowflight.com/
or send mailto:info@crowflight.com
Message sent on Mon May 26, 2008 at 8:17:17 AM Pacific Time
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