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Crowflight Minerals Strengthens Management Team and Board of Directors.


TORONTO -- E[acute accent acute accent
n.
A mark (´) indicating:
a. that a vowel is close or tense, as é in French été.

b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek.

c.
]Stan Bharti Appointed President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  

E[acute accent]CROWFLIGHT MINERALS INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic.

Antonym: dec.
. (TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.
: CML 1. CML - A query language.

["Towards a Knowledge Description Language", A. Borgida et al, in On Knowledge Base Management Systems, J. Mylopoulos et al eds, Springer 1986].
2. CML - Concurrent ML.
) today announced changes to its Executive Management to align itself more closely with the company's primary objectives. Crowflight Minerals is focused on Nickel, Copper and Platinum Group The platinum group (alternatively, the platinum group metals or platinum metals) is a collective name sometimes used for six metallic elements clustered together in the periodic table.  Metals (PGMs) at the Thompson Nickel Belt and the Sudbury Basin. The Company's primary objective is to become a Nickel producer by advancing the Bucko buck·o  
n. pl. buck·oes or buck·os
1. A blustering or bossy person.

2. Irish A young man; a lad.



[Alteration of buck1.]
 Deposit on the Thompson Nickel Belt to production within the next three to four years, subject to completion of a positive feasibility study. Management is currently upgrading historical resources at the Bucko Deposit to the Measured and Indicated Mineral Resource categories to produce a resource estimate that is compliant under NI 43-101 guidelines. This would be used to proceed with a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change.  and reach a production decision in 2005.

E[acute accent]Crowflight also owns or has under option more than 365 sq. km containing three highly prospective properties in the Thompson Nickel Belt, and six in the Sudbury Basin. The Sudbury Basin and the Thompson Nickel Belt jointly produce over 300 million pounds of Nickel annually, in addition to copper and PGMs.

E[acute accent]As reported in a press release dated September 21, 2004 a number of separate resource estimates were done by Falconbridge between 1968 and 2000 for the Bucko Deposit using different combinations of surface and underground diamond drill holes and parameters. The most widely used historical resource estimate for the Bucko Deposit was estimated in 1992 (prior to NI 43-101) at 2.5 million tonnes grading 2.23% Nickel and 0.17% Copper included within a global resource of 19 million tonnes grading 1% Nickel. In the opinion of Mr. Alain-Jean Beauregard, Geo., of GEOLOGICA Inc. of Montreal, an independent Qualified Person under NI 43-101 who has reviewed the data and estimation procedures, as outlined in a letter to the Company dated August 19, 2004, the historical resource (both higher grade and global resource) would be reportable as an Inferred Mineral Resource under the guidelines of NI 43-101.

E[acute accent]Mr. Stan Bharti, P.Eng., has been appointed President and CEO effective October 18, 2004. Mr. Bharti is a professional Mining Engineer with over twenty-five years experience managing and financing mining operations with international organizations, including Falconbridge Ltd. Most recently, Mr. Bharti was President of Desert Sun Mining Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:DSM 1. DSM - Data Structure Manager.

An object-oriented language by J.E. Rumbaugh and M.E. Loomis of GE, similar to C++. It is used in implementation of CAD/CAE software. DSM is written in DSM and C and produces C as output.
) (AMEX AMEX

See: American Stock Exchange
:DEZ DEZ Dezember (German: December)
DEZ Disease Eradication Zone
DEZ Death Egg Zone (Sonic 2/3 & Knuckes level)
DEZ Di-Ethylzinc
). Under Mr. Bharti's leadership, Desert Sun successfully completed a Feasibility Study, significantly strengthened the Executive Management team, and the Jacobina Mine on the Bahia Gold Belt in northeastern Brazil is scheduled to begin gold production in early 2005.

E[acute accent]Mr. Jean Lafleur, P. Geo., has been appointed Vice President, Exploration and Corporate Development. Mr. Lafleur has been active in the mineral exploration field for more than 20 years with major international mining companies such as Newmont Mining Corp., Falconbridge Ltd., and Placer Dome Inc. Mr. Lafleur brings a proven track record in mineral exploration leading to discovery, strategic planning and leadership skills.

E[acute accent]Joining the Board of Directors is Mr. Maurice J. Colson. Mr. Colson has been and Investment Banker Investment Banker

A person representing a financial institution that is in the business of raising capital for corporations and municipalities.

Notes:
An investment banker may not accept deposits or make commercial loans.
 for the past thirty years, with a focus on the resource sector. Mr. Colson was an original partner and shareholder with First Marathon Securities.

E[acute accent]Current Crowflight Board members include Chairman Gerald P. McCarvill, and Directors Paul Carroll and Bryson Farrill. Mr. McCarvill has more than 20 years experience in the financial sector holding senior positions with major investment firms including as a member of the executive committee of Wood Gundy. Most recently, Mr. McCarvill was CEO of McCarvill Corporation, a diversified financial services company and previously was CEO of Repadre Capital Corporation, a successful mining royalty company.

E[acute accent]Mr. Carroll is President of Carnarvon Capital Corporation, a corporate advisory and investment management company. Mr. Carroll has been a well-known Toronto corporate lawyer for 38 years, having recently returned as a partner of, or counsel to, Smith Lyons and Gowling Lafleur Henderson, law firms. He is the President and CEO of Diadem diadem, in ancient times, the fillet of silk, wool, or linen tied about the head of a king, queen, or priest as a distinguishing mark. Later, it was a band of gold, which gave rise to the crown. In heraldry, the diadem is one of the arched bars that support the crown.  Resources Ltd., a diamond exploration company, and a Director of Dundee Bancorp

Inc., a financial services company.

E[acute accent]Mr. Farrill is a senior executive with extensive experience in the financial sector. From 1974 to 1979 Mr. Farrill held the position of President, McLeod Young Weir Ltd. a Toronto based investment bank. Between 1978 and 1989 he was Chairman of Scotia McLeod (USA) Inc. Most recently Mr. Farrill as been engaged as a senior partner at Belgravia Financial Ltd., a London based merchant bank.

E[acute accent]Directors Keith Minty, P.Eng., and Dr. Bill Pearson, PhD., P.Geol. have resigned from the Board and have been appointed as Special Advisors to the company.

E[acute accent]The Company has also announced that it has completed the placement of 5,000,000 Special Warrants at $0.20 for gross proceeds of $1,000,000. Each Special Warrant consists of one common share and one purchase warrant. Each purchase warrant provides the right to purchase one additional share at the price of $0.30 for a period of 18 months.

E[acute accent]Crowflight - The Base Metal Builder

E[acute accent]Crowflight is a Canadian junior mining exploration company listed on the TSX Venture Exchange focused on Nickel, Copper and Platinum Group Minerals exploration in the Thompson Nickel Belt and Sudbury Basin. The company currently owns and has under option more than 365 km2 in Manitoba and Ontario, containing three highly prospective properties in the Thompson Nickel Belt - Bucko-Bowden, Resting Lake and Halfway Lake, and six in Sudbury - AER Kidd, Airport Property (a joint venture with Millstream mill·stream  
n.
The rapid stream of water flowing in a millrace.


millstream
Noun

a stream of water used to turn a millwheel
 Mines Ltd.), Marble Mountain Option, Copenhagen Option, Mystery Offset Dyke Option and Peter's Roost.

E[acute accent]Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

E[acute accent]The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

E[acute accent]Crowflight Minerals Inc. (TSX VENTURE:CML)
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 5, 2004
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