Crowflight Provides Bucko Lake Nickel Project Update

TORONTO, ONTARIO, May 08 (MARKET WIRE) --
CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE: CML)
today provided a project update for the Bucko Lake Nickel Project (Bucko)
that is currently under development outside Wabowden, Manitoba.

Surface Facilities

Work is progressing steadily on the surface facilities at Bucko, with
much of the current activity focused on the processing plant. Most of the
processing plant equipment is on-site, with some electrical components
due to arrive in the next two months. The jaw and cone crusher are in
place with structural steel for the crushing circuit progressing. The
conveyors are on-site and the conveyor sections should be installed
between now and June. Installation of the fine ore bin is expected to
begin shortly. Mechanical installation of the rod and ball mill is close
to completion, as is the mechanical installation of the flotation
circuit. The concentrate filter is in place, electrical work on the
plant's interior has begun and piping is expected to start shortly.

In addition to work on the processing plant, the area for the Interim
Tailings Storage Facility (ITSF) has been cleared and the geotechnical
and design work is complete.

Underground Development

The new portal for the underground ramp is progressing with completion
expected by the end of May.

Two diamond drills are currently underground undertaking definition and
delineation drilling on the 1,000 foot level. It is expected that the
geotechnical information and assay results from this drilling should
assist in optimizing the geotechnical design and upgrading the mineable
reserve. The development underground on the 1,000 foot level has
progressed to the point that the larger mining equipment is ready to be
transported underground and then assembled to finish the remaining work
on that level and the ramps to other levels.

Paul Keller, Crowflight's VP of Operations and COO, said: "A tremendous
amount of progress has been made at Bucko since beginning construction in
November 2006. Our staff, contractors and consultants have been working
tirelessly to bring Bucko into production in the third quarter of 2008
and we look forward to achieving this goal."

The operating costs, including on-site and off-site costs, are projected
to be $4.32 per pound of nickel produced, using a US$:Cdn$ exchange rate
of 1:1.The capital cost for the Bucko Lake Nickel Deposit development is
now expected to be Cdn$86 million net of pre-production revenue, assuming
a US$:Cdn$ exchange rate of 1:1. This compares to the Feasibility Study
estimate of Cdn$66.0 million at an exchange rate of 0.8:1.

The cost differences are attributable to the following: Cdn$6.7 million
due to capital development timing, the addition of the ITSF, the ramp
portal and surface connection to the underground internal ramp; Cdn$3.0
million for increased surface infrastructure EPCM (Engineering
Procurement and Construction Management); and Cdn$10.5 million for
additional processing plant equipment, foreign exchange differences and
increased structural steel and concrete foundation costs.

The inclusion of the ramp portal, the ITSF and additional processing
plant equipment, which will enable the processing plant to process up to
1,500 tonnes of ore per day, were not included in the original scope of
the Feasibility Study. The ramp connection to surface will open new
production areas sooner in the life-of-mine schedule and will provide
operational flexibility. The addition of the ITSF is necessary to begin
operations in 2008 due to delays in the federal permitting of Bucko Lake
as a tailings storage facility (see Press Release dated March 28, 2008).

Mike Hoffman, Crowflight's President and CEO, said: "One striking
advantage of Bucko compared to other mining projects currently being
developed throughout the world is that the overall capital costs are
moderate in relation to future expected cash flow, especially considering
that nickel prices have recently averaged US$12-14 per pound. Many of the
cost increases are attributable to scope changes not included in the
original Feasibility Study and are designed to add further value to the
Bucko Project. These enhancements are necessary to tap into the further
potential we believe exists at Bucko. Some of the other cost increases,
such as steel and concrete, are consistent with those of other companies
currently building mines."

During 2007, Cdn$35.3 million was spent on Bucko construction, which
includes the main electrical installation, hoist and headframe
installation, processing plant foundations and steel, shaft de-watering
and rehabilitation, rehabilitation of the 1000 Level exploration drift,
purchasing new and used equipment, refurbishing used equipment and EPCM
to date.

Additional information, including Crowflight's Financial Statements and
Management Discussion and Analysis, can be found electronically on the
System for Electronic Document Analysis and Retrieval ("SEDAR") through
Crowflight's profile at www.sedar.com.

The current construction schedule estimates that the commissioning of the
processing plant will occur in July and August of 2008, with cash flow
from concentrate sales beginning shortly thereafter. Full commercial
production is expected in early 2009.

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 estimated capital
and operating costs, expected production timeline, benefits of updated
development plans, foreign exchange assumptions and regulatory approvals.
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.

Contacts:
Crowflight Minerals Inc.
Mike Hoffman
President and CEO
(416) 861-2964

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

Rage Against The Machine