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Re:   News Release - Tuesday, January 13, 2009
      Crowflight Implements Additional Metal and Foreign Exchange
      Price Protection
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CROWFLIGHT MINERALS INC. (the "Company") (TSX: CML) is pleased to
announce that it has entered into additional forward sales contract
agreements to further its risk management strategy to manage commodity
price exposure on nickel sales and foreign exchange rates.

Forward sale contracts were entered into for the first and second
quarters of 2009 for a total of 700,000 pounds of nickel at a price of
US$5.32 per pound. In addition, the Canadian dollar was hedged on these
quantities. Details are as follows:

.. Q1 2009 - 0.25 million pounds Nickel, with the Canadian dollar hedged
at 1.1965
.. Q2 2009 - 0.45 million pounds Nickel, with the Canadian dollar hedged
at 1.1956

As per the press releases dated July 30 and October 28, 2008,
Crowflight previously implemented nickel forward sale contract
agreements of 2.27 million pounds of nickel at US$8.49 per pound for
2009. 

In summary, the current weighted average hedging position for
Crowflight is as follows:



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Period   Nickel Quantity (lb)  US$/lb Nickel  Currency Hedge  Cdn$/lb
Nickel
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Q1 2009              706,000           $7.37           1.193         
$8.79
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Q2 2009            1,400,000           $7.47           1.191         
$8.90
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Q3 2009              394,000           $8.49           1.188        
$10.09
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Q4 2009              470,000           $8.49           1.183        
$10.04
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Crowflight now has in total 2.97 million pounds of nickel hedged for
2009 at an average realized price of US$7.74 per pound nickel or
Cdn$9.21 per pound nickel, which represents approximately 30% of
planned 2009 production.

The forward sales contracts are considered derivative financial
instruments and are used for risk management purposes and not for
generating trading profits. Crowflight in conjunction with RMB may also
implement future strategic currency and nickel hedges both to protect
Crowflight cash flow and meet Lender requirements.

Commented Mike Hoffman, President and CEO of Crowflight, "Given the
wide fluctuations we've seen over the last few months in metal prices,
we felt it was prudent to lock in an additional portion of our 2009
production at the higher nickel prices experienced last week, while
leaving room for us to benefit from any potential upside should nickel
see any future price increases. We feel these measures provide the
Company with further assurance of generating cash from Bucko in 2009,
thereby putting us in a stronger position as we ramp up to full
commercial production."

Production of nickel concentrate has begun at Bucko, with the first
concentrate being produced in December 2008. Work is on-going to
achieve full commercial production and preparations are being made for
the first shipment of concentrate from Canada's newest nickel mine.

Crowflight Minerals -- Canada's Next Nickel Producer
Crowflight Minerals Inc. (TSX: CML) is a Canadian junior mining company
that is producing nickel at  the Bucko Lake Nickel Mine near Wabowden,
Manitoba. 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 the terms
of the hedging contract; impact of the hedge contract on the Company;
production plans; costs of production; and metal prices and foreign
exchange rates. 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, third party risks,
production risks, 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 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) 2009 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 Tue Jan 13, 2009 at 8:35:54 AM Pacific Time
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