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Tuesday, May 27,
2008
Crosshair Welcomes Derrick (Rick) Gill to the Board of Directors
Crosshair Exploration & Mining Corp. (AMEX: CXZ) (TSX: CXX) is pleased to announce the appointment of
Derrick (Rick) Gill, BComm to the Board of
Directors of Crosshair, effective immediately. From 1995 to 2007, Mr. Gill
was Executive Vice President and a Director of Voisey's
Bay Nickel Company Inc. (VBNC). His principle responsibilities included
government relations and public affairs. He was a member of the three person
team that negotiated the Voisey's Bay Development
Agreement with the Government of Newfoundland and Labrador
and was chief negotiator for the Impacts and Benefits Agreements with the Nunatsiavut Government and the Innu Nation.
Mr. Gill was Executive Vice President and Director of Diamond Fields
Resources Inc. (DFR) in 1995 and 1996. He was the resident executive of DFR for
the Voisey's Bay project in Newfoundland
and Labrador with specific responsibilities
for government and aboriginal relations. He also managed corporate
communications and was company spokesperson with the news and financial trade
media during the takeover battle between Inco and Falconbridge for the $4.3
billion acquisition of VBNC. Mr. Gill has more than 30 years experience as an
executive and director of public and private companies operating throughout
North and South America. Mr. Gill is a
principal consultant and Director of Strategic Concepts Inc. (SCI), which
provides strategic planning, financial modeling and
business development services to numerous resource companies. Mr. Gill
co-founded SCI in 1990.
"We are very pleased to welcome Rick as an independent director",
says Mark Morabito, CEO of Crosshair. "His
breadth of experience in the mining industry and in particular his obvious
successful track record managing Government and First Nations relations in
Newfoundland and Labrador will be invaluable to Crosshair. His strong
background in business development and public affairs is an asset to
Crosshair as we look towards developing our uranium projects in 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.
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