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Re: News Release - Wednesday, February 20, 2008
Crowflight Options AER Kidd Property in Sudbury; Provides
Additional Debt Facility Details
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CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture
Exchange: CML) today announces that it has entered into an option
agreement (the "Agreement") with a private Ontario company (the
"Optionor") in respect of the AER Kidd Property (the "Property") near
Sudbury, Ontario.

Pursuant to the Agreement, the Optionor can earn up to a 50% interest
in the Property upon the satisfaction of the following conditions:
payment to Crowflight of $85,000 upon execution of the Agreement,
assuming all future advance royalty payments due in respect of the
Property, and incurring a minimum of $5.0 million in exploration
expenditures on the Property by December 31, 2009. The Agreement also
provides that Optionor may earn an additional 20% interest in the
Property by incurring additional expenditures on the Property of $7.0
million prior to December 31, 2013 and continuing to make all royalty
payments due and payable prior to the expenditure of the entire $7.0
million. Upon earning a 50% interest in the Property, Crowflight and
Optionor shall enter into a joint venture in respect of the Property.

Mike Hoffman, Crowflight's President and CEO commented: "By optioning
AER Kidd, we are leveraging the value of our large Manitoba and Ontario
land position while still maintaining an interest in the property. We
feel there is more value for our shareholders at this time by
concentrating our expansion efforts in the Thompson Nickel Belt area."

The Optionor has agreed that it will not acquire any interest in any
property in the Province of Manitoba that has potential nickel
mineralization for a period of two years from the date of the Option
Agreement. The Option Agreement remains conditional upon receipt of
all necessary approvals, including approval from the TSX Venture
Exchange, if necessary, and from the beneficial owners of the Property
from whom Crowflight has obtained an option to earn an interest in the
Property.

Further to the press release dated February 13, 2008 regarding the
closing of the $55 million debt facility finance from RMB Resources,
Crowflight wishes to clarify that the exercise price of the warrants is
$0.6435 per warrant.

Further to enquiries from investors, Crowflight would also like to
clarify the metal price protection requirements of the recent debt
financing. As part of the RMB loan agreement, it is necessary for
Crowflight to put in place a metal price protection program for a
portion of the Bucko Mine's production over the life of the loan. The
minimum required price protection is approximately 30% of production
over the first four years of commercial mine production. Crowflight is
currently reviewing the options available for implementing this
program. Crowflight may increase the percentage of production included
in this program depending on metal prices, metal price forecasts and
general economic conditions.



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 Bucko Nickel deposit located near
Wabowden, Manitoba into production by mid-2008.


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
Company's business activities and plans, the impact and benefits of the
AER Kidd option and receipt of regulatory approval. 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 Wed Feb 20, 2008 at 6:52:52 AM Pacific Time
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