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Re: News Release - Friday, November 21, 2008
Crowflight Obtains Conditional Approval to Trade on Toronto Stock
Exchange
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CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture
Exchange: CML) is pleased to announce it has received conditional
approval to list its common shares on the Toronto Stock Exchange (TSX).
The listing is conditional on the Company providing certain documents
to the Exchange. Following graduation, the common shares of the
Company will continue to trade under the stock symbol CML.
Commented Mike Hoffman, President and CEO of Crowflight, "We feel that
having Crowflight's shares graduate to the TSX is a natural progression
for the Company at this point in time. As we begin production from our
Bucko Lake Nickel Mine, it's an ideal time to increase our profile by
being listed on the senior Canadian exchange."
Commissioning activities continue at the Bucko Lake Nickel Mine.
Crowflight expects to ramp up production for the remainder of the year
and declare full commercial production during the first quarter of
2009.
Crowflight Minerals -- Canada's Next Nickel Producer
Crowflight Minerals Inc. (TSX-V: CML) is a Canadian junior mining
company that is bringing the Bucko Lake Nickel Mine near Wabowden,
Manitoba into production. Full commercial production is expected to be
achieved at Bucko in early 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
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 estimated
capital and operating costs, expected production timeline, benefits of
updated development plans, foreign exchange assumptions and regulatory
approvals. There can be no assurance that such statements will prove to
be accurate; actual results and future events could differ materially
from such statements. Factors that could cause actual results to differ
materially include, among others, metal prices, competition, risks
inherent in the mining industry, and regulatory risks. Most of these
factors are outside the control of the Company. 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 Fri Nov 21, 2008 at 9:45:12 AM Pacific Time
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