Communicators

Crowflight closes bought deal private placement financing of $11 Million

CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture Exchange: CML) is pleased to announce that it has closed its previously announced private placement financing through the issuance of 8,065,000 common shares (the “Common Shares”) at a price of $0.62 per Common Share and 8,000,000 flow-through common shares (the “FT Shares”) at a price of $0.75 per FT Share for total gross proceeds to the Company of Cdn$11,000,300.

The offering was completed by a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including Versant Partners Inc. (collectively the “Underwriters”). In connection with the financing the Underwriters received a commission equal to 6% of the total gross proceeds and were issued an aggregate of 963,900 Compensation Options, each of which entitles them to purchase one common share of the Company at a price of $0.62 per share until April 30, 2010.

The Common Shares, FT Shares and Compensation Options are subject to a hold period that will expire on August 31, 2008. The offering remains subject to the final approval of the TSX Venture Exchange.

The gross proceeds from the offering will be used for working capital, projects in the Thompson Nickel Belt and for general corporate purposes. The gross proceeds from the sale of the FT Shares will be used for general exploration expenditures, which will constitute Canadian exploration expenses (as defined in the Income Tax Act, Canada) and will be renounced for the 2008 taxation year.

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 proposed use of the proceeds of the financing, the receipt of all necessary approvals and the development potential and timetable of the Bucko Lake Nickel project, capital expenditures; permitting time lines and permitting, government regulation of mining operations; and environmental risks. 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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