CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture
Exchange: CML) The Board of Directors of Crowflight Minerals Inc. is
pleased to announce the appointment of Mr. Bruce Humphrey, P. Eng., as
Chairman of the Board and Mr. Michael Hoffman, P.Eng., as President and
CEO of Crowflight. Mr. Stan Bharti, outgoing Chairman, will continue
to be on the Board of Directors.
Mr. Tom Atkins has been terminated without cause as President and CEO
effective immediately. The Board of Directors of Crowflight would like
to thank Mr. Atkins for his contribution at Crowflight and wish him
success in his future endeavours
"The addition of Bruce Humphrey and Mike Hoffman to the Board and the
management team brings significant operational strength to Crowflight
and further reinforces its commitment to bring the Bucko mine into
production in 2008" said outgoing Chairman, Stan Bharti, P.Eng. "Bruce
and Mike work well together and have been involved in the construction
and operation of several mines in Canada and around the world."
Mike Hoffman is a professional mining engineer with over 25 years of
experience in mine operations, projects, engineering and corporate
development. Mike recently served in senior executive positions at
Goldcorp, Desert Sun Mining and Yamana Gold. He currently also serves
as President and CEO of Kria Resources Inc., a private mining company.
He also serves on the Board of Directors of Castillian Resources and
Largo Resources.
"I am excited by this new position. Crowflight is well positioned
financially and has an excellent exploration and development portfolio.
In conjunction with the Board of Directors and our management team, our
goal is to bring Bucko to production and continue an aggressive
exploration programme to provide additional value to our shareholders"
commented Mike Hoffman, the new President and CEO of Crowflight.
Mr. Bruce Humphrey, P. Eng., is a seasoned mining executive with over
30 years of experience in mining. Most recently, he was President and
CEO of Desert Sun Mining Inc., and prior to that Chief Operating
Officer of Goldcorp Inc. Bruce serves on a number of mining company
boards and provides advisory services to various mining companies. "I
am pleased that Mike has agreed to join Crowflight as President and
CEO. His strong background in operations, project development and
acquisitions will be an asset to Crowflight. I am looking forward to
assisting the management team at Crowflight as they continue their goal
of turning Crowflight into an intermediate base metal mining company."
The Management of Crowflight will be hosting a conference call on
Tuesday September 11th to update the shareholders.
Date: Tuesday September 11th, 2007
Time: 10:00 AM EDT
Local Callers: 416 641 6132
North American Callers: 1 866 226 1799
International Callers: +1 416 641 6132
There will be a question and answer period following the presentation.
Crowflight Minerals Inc. is a Canadian junior mining exploration and
development company listed on the TSX Venture Exchange. The company is
focused on nickel, copper and Platinum Group Mineral ("PGM") projects
in the Thompson Nickel Belt ("TNB") 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.
In Manitoba, these properties include: (1) the Bucko Nickel Deposit;
(2) an option to earn a 100% interest from Xstrata Nickel on its 500
square kilometre properties near Wabowden and Thompson Manitoba
(formerly part of the TNB North and TNB South Project option agreement
areas); and (3) a 100% interest in 200 square kilometres near Clarke
Lake.
In the Sudbury Basin, these properties include: (1) the 100% owned AER
Kidd Project adjacent to Inco's Totten Deposit (10.1 million tonnes
grading 1.5% nickel, 2.0% copper and 4.8 g/t PGM's); (2) the 100%
owned Peter's Roost Property, the subject of a recent joint venture
agreement with Wallbridge Mining Co. Ltd.; and (3) the Airport Property
(a 50/50 joint venture with Millstream Mines Ltd.) located 4 kilometres
south, and on-strike, with Falconbridge's Nickel Rim South Deposit
(13.2 million tonnes grading 1.7% nickel, 3.5% copper and 4.1 g/t
PGM's).
Further information is available on the Company's web site at .
Stan Bharti
Director
416-861-5876
Heather Colpitts
Manager, Investor & Public Relations
416-861-5803
Cautionary Note Regarding Forward-Looking Information: This press
release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements with respect to the future
financial and operating performance of the Company and its projects,
the timing and amount of, and expenses related to, estimated future
production, the availability of financing at acceptable prices, the
impact of management and board changes on the Company, and government
permitting and regulation of mining operations. Forward-looking
information is subject to known and unknown risks, uncertainties and
other factors that may cause the actual results to be materially
different from those expressed or implied by such forward-looking
information, including but not limited to: general business, economic,
competitive, political and social uncertainties; changes in project
parameters as plans continue to be refined; delays in obtaining
governmental approvals or required financing or in the completion of
development or construction activities. Although the Company has
attempted to identify important factors that could cause actual results
to differ materially from those contained in forward-looking
information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to update
any forward-looking information, except in accordance with applicable
securities laws.
Neither the TSX Venture Exchange nor any other regulatory body has
reviewed and therefore does not accept responsibility for the adequacy
or accuracy of this release.
==================================================
Copyright (c) 2007 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 Sep 10, 2007 at 6:09:00 AM Pacific Time
==================================================
|
Thread abonnieren
) genau weiß wie das ablaufen wird.
ETF-Sparplan