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Friday, May 09,
2008
Crosshair to Commence Trading on The Toronto Stock Exchange
Crosshair Exploration & Mining Corp. (AMEX: CXZ) (TSX.V: CXX) is pleased to announce that its common
shares and warrants have been approved for listing and will begin trading on
The Toronto Stock Exchange Monday, May 12, 2008. Crosshair's common shares
will continue to trade under the symbol "CXX" and its warrants
under the symbol "CXX.WT". Its common shares and warrants will no
longer trade on the TSX Venture Exchange.
"Crosshair's graduation to the TSX represents an important milestone in
the company's growth", says Mark Morabito, CEO of Crosshair. "This
listing will enhance Crosshair's visibility and provide access to a larger
shareholder base."
Paul Hosford, President and COO also states, "The successful listing on
the TSX recognizes the maturity of our Central Mineral Belt Uranium Project
in Central Labrador."
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 720 sq km CMB 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
"Jay Sujir"
Chairman of the Board
Crosshair Exploration & Mining Corp. - Vancouver
T: 604-681-8030
F: 604-681-8039
E: investor@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.
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