Crowflight Minerals Inc. | Company Profile

Company Profile

Crowflight Minerals Inc. is a Canadian base metal development and exploration company with properties centred in two of Canada’s most prolific nickel camps - the Thompson Nickel Belt (TNB), Manitoba and Sudbury Basin, Ontario.

The Company owns or has under option 800 sq km of advanced-stage exploration projects in Manitoba and Ontario. Current activities are focused on the Bucko Lake Nickel Project in the TNB. The deposit is estimated to contain NI 43-101 compliant probable reserves of 2.4 million tonnes (Mt) grading 1.84% nickel (97.2 million pounds of contained nickel), indicated resources of 3.9 Mt grading 1.30% nickel (112.7 million pounds of contained nickel) and inferred resources of 6.2 Mt grading 1.50% nickel (205.9 million pounds of contained nickel) using a 1% cut-off grade (NB: probable reserves are based on a 1.4% cut-off utilized in feasibility study design).

NEAR-TERM PRODUCTION

 Production at Bucko is scheduled to commence in 2008 at the rate of 1,000 tonnes per day
(tpd), yielding 11.1 million pounds of payable nickel per year on average. Operating costs,
including smelting and refining, are US$3.68/lb, based on a 0.80:1 US:Cdn exchange rate.

 Recently restructured debt facility added $19.4 million in cash and allowed Crowflight to pay
off $42 million of debt.

 The Company has been granted its Environment Act License from the province of Manitoba
to commence production.

GROWTH

 Future expansion potential at Bucko where the feasibility study is based on 1,000 tpd production
scenario but the mill will be capable of processing 1,500 tpd.

 The TNB winter 2008 winter exploration focused on targeting additional resource expansion
at M11A, Apex, Halfway Lake and Bucko North. An updated resource estimate announced
in the fall of 2008 reported increased contained nickel at M11A by 197% and at Halfway
Lake by 46%.

 JV with Pure Nickel to explore the area surrounding the past-producing Manibridge Mine.

Projects

THOMPSON NICKEL BELT (TNB), MANITOBA

The Thompson Nickel Belt is one of the world’s most prolific nickel producing regions and has a long history of production. Crowflight’s main project within this region is the Bucko Lake Nickel Deposit, in which the Company has a 100% interest. In addition, Crowflight has the option to earn a 100% interest from Xstrata Nickel on 500 sq km of advanced-stage exploration properties located within 25 km from the Bucko Deposit, including the M11A, Apex, Bowden Lake and Halfway Lake deposits. NI 43-101 compliant mineral resource estimates for these deposits include Inferred Resources at Bowden Lake of 23 million tonnes grading 0.84% nickel (425 million pounds of contained nickel) and at Halfway Lake of 990 thousand tonnes grading 1.2% nickel, both at a 1% cut-off grade. Crowflight also has a joint venture with Pure Nickel to explore the area surrounding the past-producing Manibridge Mine.

SUDBURY BASIN, ONTARIO

The Sudbury Basin is a large 100 km wide oval-shaped depression in the Canadian Shield that
comprises one of the largest and most plentiful deposits of nickel, copper and PGMs in the world.

Crowflight owns two properties in the Sudbury Basin, including:

 The AER Kidd Project (100%), located immediately adjacent to Inco’s Totten Deposit (10.1
million tonnes grading 1.5% nickel, 2.0% copper, 4.8 grams/tonne PGMs).

 At the Peter’s Roost Property (JV with Wallbridge Mining), located on the North Rim of the
Sudbury Basin, airborne geophysical surveys have identified a number of targets for further
exploration. Wallbridge will spend C$5.0 million over 4 years to earn a 70% interest.

Contact:

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