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Crowflight Closes Bought Deal Private Placement Financing of $11 Million

Marketwire

Crowflight Minerals Inc.

April 30, 2008 - 01:32:45 PM

Crowflight Closes Bought Deal Private Placement Financing of $11 Million

TORONTO, ONTARIO--(Marketwire - April 30, 2008) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE: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 VENTURE: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.

Total Shares Outstanding: 267.4MM

Fully Diluted: 307.0MM

52-Week Trading Range: C$0.45 - $1.35

The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Crowflight Minerals Mike Hoffman President and CEO (416) 861-2964

Crowflight Minerals Heather Colpitts Manager, Investor and Public Relations
(416) 861-5803 Email: info@crowflight.com Website: www.crowflight.com

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