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Tuesday, April 01, 2008
Shareholder Letter Issued Regarding Recent
Developments with the Nunatsiavut Government
Crosshair Exploration & Mining Corp. (AMEX: CXZ)
(TSX.V: CXX) ("Crosshair" or the "Company") has issued a
shareholder letter regarding recent developments with the Nunatsiavut Government
in Labrador. The letter can be found on the Company website at http://www.crosshairexploration.com/s/Community.asp
and on SEDAR attached to this Press Release as Schedule A.
About Crosshair
Crosshair is a dominant player in the exploration for uranium in the Central
Mineral Belt of Labrador---Canada's most promising emerging uranium district.
The 755 sq km Central Mineral Belt Uranium Project is host to potentially three
types of uranium mineralization - Iron Oxide Copper Gold (IOCG - Olympic
Dam), structurally controlled/shear zone and unconformity types of
mineralization.
For more information on the Company and its properties, please visit the
website at www.crosshairexploration.com.
ON BEHALF OF THE BOARD
"Mark J. Morabito"
Chief Executive Officer
Crosshair Exploration & Mining Corp. -- Vancouver
T: 604-681-8030
F: 604-681-8039
E: dan@crosshairexploration.com
www.crosshairexploration.com
Cautionary Note Regarding
Forward-Looking Information
Information set forth in this news
release may involve forward-looking statements. Forward-looking statements
are statements that relate to future, not past, events. In this context,
forward-looking statements often address a company's expected future business
and financial performance, and often contain words such as
"anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements
that an action or event "may", "might",
"could", "should", or "will" be taken or occur,
or other similar expressions. By their nature, forward-looking statements
involve known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include, among others, the following risks: the risks associated with
outstanding litigation, if any; risks associated with project development;
the need for additional financing; operational risks associated with mining
and mineral processing; fluctuations in uranium, gold and other commodity
prices; title matters; environmental liability claims and insurance; reliance
on key personnel; the potential for conflicts of interest among certain
officers, directors or promoters with certain other projects; the absence of
dividends; competition; dilution; the volatility of our common share price
and volume; and tax consequences to U.S. Shareholders. Forward-looking statements
are made based on management's beliefs, estimates and opinions on the date
that statements are made and the Company undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions or other
circumstances should change. Investors are cautioned against attributing
undue certainty to forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of the content of this News Release.
�2007 Crosshair Exploration & Mining Corp. All Rights Reserved.
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