Company Information for Crowflight Minerals Inc

TSX.V-CML

www.crowflight.com

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TSX.V; CML

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Company Statement

Crowflight Minerals Inc. (TSXV: CML, Frankfurt: CMI) is a junior mining exploration and development company with properties and activities in two of Canada's most prolific mining camps: the Thompson Nickel Belt (TNB) in Manitoba and the Sudbury Basin in Ontario. The Company is currently focused on construction of the Bucko Lake Nickel Mine, located near Wabowden, Manitoba, which is scheduled to begin production in mid-2008.

In addition to the development of the Bucko Lake Nickel Mine, Crowflight owns or has under option an additional 800 square kilometres of advanced-stage exploration properties in Manitoba and Ontario.

Current Operations

Thompson Nickel Belt

TNB South

Bucko Lake Nickel Deposit (Bucko Deposit)
Under the terms of its earn-in agreement with Falconbridge, Crowflight can earn up to a 100% interest in a 5.5 square kilometre area contained within Mining Lease (ML) 031 (including the Bucko Deposit Resource Block - the area containing the current resources defined within the Deposit).

The property contained within ML 031 was originally acquired in 1959 by Consolidated Marbenor Mines Limited. In 1962, diamond drilling intersected 1.54% nickel over 6.34 metres in hole M77-B (the discovery hole) and soon thereafter the property was optioned to Falconbridge.

Since 1962 the property has been covered by extensive ground and airborne geophysical surveys and investigated by surface and underground diamond drilling. Between 1962 and 2001, 165 surface diamond drill holes totaling 61,384 metres were completed on the Deposit. In 1971-72 Falconbridge sunk a three-compartment shaft to a depth of 1,170 feet (356.6 metres - the "1000 Level") and developed 3,500 feet (915 metres) of hanging wall drifting at the 1000 Level. A 61-hole underground drilling program consisting of 12,700 metres of drilling on 30 metre spacings was performed. The results of this drilling were used in the calculation of several pre-National Instrument 43-101 mineral resource estimates.

A scoping study (completed at the request of Crowflight by Micon International in late 2004) indicated that on a conceptual basis the development of the then defined Indicated Resources contained within the Deposit could generate a net present value of US$34 million (using a 15% discount rate) and could deliver an internal rate of return of 67% (assuming a life-of-mine US$4.50/lb nickel price). This study is available in the Technical Reports section of the the website, or by viewing public documents filed by Crowflight on www.sedar.com.

Crowflight's primary objective is to finance and develop the Bucko Lake Nickel Deposit to achieve an average annual rate of production of 5,700 tonnes of nickel in concentrate (approximately 12.5 million pounds of contained nickel). Production is planned to commence in the first quarter of 2008.

Bowden Lake Deposit
As the result of Falconbridge's diamond drilling activities in the 1970s, 1.1 billion pounds of contained nickel in an Inferred Resource (82 million tonnes grading 0.62% nickel in a pre Ontario Securities Commission National Instrument 43-101 definition of mineral resources) were identified within the Bowden Lake claim group in the TNB South Project Area. The Deposit runs below and parallel to the long axis of Bowden Lake, located approximately 6 kilometres north of the Bucko Deposit.

M11A Discovery
Falconbridge has tested a number of areas along an approximate 6 kilometre trend of ultramafic rocks located 2 to 8 kilometres north - northeast of the Bucko Deposit within what has been called the M11A project area.

The area holds exciting potential for elevated nickel grades over potentially mineable widths. The area is particularly relevant given its close proximity to the Bucko Deposit and the potential of a new deposit at M11A significantly enhancing the economics of the Bucko Deposit as a source of potential satellite feed to the Bucko mill.

Apex Discovery
This area was initially identified by cursory investigative drilling conducted by Falconbridge in 1971following-up results from a geophysical survey which identified an anomalously high magnetic response. The Apex Zone is located approximately 2 kilometres south of the Bowden Lake Deposit, and 3 kilometres north of the Bucko Lake Deposit, near Wabowden Manitoba in what Crowflight and Falconbridge are calling the Thompson Nickel Belt South Project Area.

A review of the data from the high resolution magnetic geophysical survey flown in late 2005-early 2006 by Falconbridge-Crowflight revealed that this area bore a similar geophysical signature to that observed at the nearby Bucko Nickel Deposit and warranted further investigation because of its potential to host similar mineralization as Bucko. As such, the target area was made a priority for drilling during the 2006 winter exploration season.

The Apex Discovery is particularly relevant given its shallow depth, close proximity to the Bucko Deposit and potential to be an additional source of possible satellite feed to the Bucko mill.
TNB North
The TNB North Project area encompasses 250 square kilometres of mineral claims in six properties (Burntwood River, Birchtree South, Birchtree North, Airport, Moak Lake and Strong Lake) located adjacent to Inco's Thompson and Birchtree mines near the town of Thompson, Manitoba

Discover economic concentrations of nickel mineralization through the combination of Falconbridge's experience in nickel exploration and the employment of advanced and efficient exploration procedures and technologies.
Agreement with Falconbridge:
Crowflight maintains the option to earn a 42.5% to 50% interest in approximately 250 square kilometres of exploration ground located adjacent to Inco's Thompson and Birchtree nickel mines (refer to Figure 1 - Location Map, Thompson Nickel Belt Properties) near Thompson, Manitoba ("TNB North Project Area"). To earn this interest, Crowflight must fund C$5.0 million in exploration expenditures to April 30, 2009. As of March 2006, C$2.3 million has been funded on these projects.

Sudbury Basin

AER Kidd Property

Crowflight holds a 100% interest in a 280 hectare property along approximately 2 kilometres of the historically productive Worthington Offset Dyke of the Sudbury Intrusive Complex (SIC, Sudbury Basin). Past production on the AER Kidd property has come from numerous underground and surface workings (Howland Pit, Rosen and Robinson Deposits).

Between December 2003 and August 2004, Crowflight was active on the property completing an 18,000 metre diamond drill drill program in 27 holes. The program was designed to test a series of geophysical anomalies along a one-kilometre segment of the Worthington Offset Dyke, roughly one kilometre northeast of Inco Limited's Totten Deposit.

In January 2006, Inco announced that it intended to put the Totten depth deposit into production by 2010 based on a feasibility resource of 8.4 million tonnes grading 1.42% nickel, 1.90% copper and 4 gpt PGM's.

Peter's Roost Property

Crowflight maintains a 100% undivided interest in 884 mining claim units totaling 442 square kilometres in surface area. These mining claim units are distributed over 7 townships located between the towns of Capreol and Cartier approximately 40 kilometres north of the City of Sudbury.
The Property covers prospective portions of east-west trending corridors running parallel to the North Range footwall contact of the Sudbury Intrusive Contact (SIC, Sudbury Basin) and potential north-south trending Offset structures. These corridors and structures are interpreted to be prospective for the occurrence of Offset Type nickel-copper-PGM and Volcanogenic Massive Sulphide (VMS) Type copper-zinc-silver-gold mineralization.

Airport Property

Crowflight Minerals Ltd. maintained a 50 percent undivided interest in the Airport Property acquired from Millstream Mines Ltd. in 2003 and since reduced through dilution to a 30% undivided interest. The property is located four kilometers southeast of Falconbridge's recent Nickel Rim South discovery (13.2 million tonnes grading 1.70% nickel, 3.50% copper and 4.1 gpt PGM's) and two kilometers east of Falconbridge's past-producing Norduna mine (454,000 tonnes grading 1.14% nickel and 0.46% copper). Recent success in the Sudbury Basin by Falconbridge on their Nickel Rim Deposit and by FNX Mining on the Inco Norman property has highlighted the value to be found in the Sudbury Intrusive Complex footwall environment.

Geographical Spread

Thompson Nickel Belt (TNB) in Manitoba
Sudbury Basin in Ontario

Board of Directors and Key Management

MANAGEMENT
Mike Hoffman, President and CEO
Paul Keller, Vice President Operations & COO
Deborah Battiston, Vice President Finance
Greg Collins, Vice President Exploration
Anna Ladd	Chief Financial Officer
Ben de Jager, Mine Manager

DIRECTORS
Bruce Humphrey, P. Eng., Chairman
Gerald P. McCarvill, Vice Chairman
Stan Bharti, P.Eng. Director
Maurice J. Colson, Director
Lewis Mackenzie, Major General (ret'd), Director
Dr. Bernard Wilson, Director
Mike Hoffman, Director

Company Address

65 Queen Street West
Suite #815
P.O. Box 75
Toronto, M5H 2Y2


Telephone:	416-861-5900
Facsimile:	416-861-8165
Email:	info[at]crowflight.com
Website:	http://www.crowflight.com

Capital

Shares Outstanding 248.9 million
Fully Diluted 275.0 million

Year End

December 31

Major Shareholders

Institutions: 65%

Management: 4%

Most Recent Statement

30/07/08 - Crowflight Finalizes Metals Price Protection Requirements for Debt Facility
25/06/08 - Crowflight Provides Update on Underground Drilling at Bucko
27/05/08 - Crowflight Appoints Anna Ladd as CFO
20/05/08 - Crowflight's Final Results From Winter Exploration Drilling Further Indicate Potential To Expand Bucko Project And Satellite Deposits
08/05/08 - Crowflight Provides Bucko Lake Nickel Project Update
30/04/08 - Crowflight Closes Bought Deal Private Placement Financing of $11 Million

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