CML Canickel Mining Limited

CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE:CML) today
announced that it has begun drawing down on the $45 million Final Tranche Loan
of its debt facility being used to fund development of the Bucko Lake Nickel
Project near Wabowden, Manitoba.


Of the $45 million, $15.3 million will be used to pay the $15 million bridge
facility plus interest, with the remainder to be applied to completing
construction and ramp up of the Bucko Lake Mine. This credit facility requires a
price protection strategy be put in place to limit the risk against falling
nickel prices. On July 28, 2008, the Company entered into a forward sales
contract agreements with the lender to implement a risk management strategy to
manage commodity price exposure on nickel sales. Forward sale contracts were
entered into from the fourth quarter of 2008 to the fourth quarter of 2012 for a
total of 20.5 million pounds of nickel at a price of $8.49/pound.


Details are as follows:

- 2008 - 0.40 million pounds Nickel

- 2009 - 3.88 million pounds Nickel

- 2010 - 5.73 million pounds Nickel

- 2011 - 5.54 million pounds Nickel

- 2012 - 4.94 million pounds Nickel

This represents approximately 21% of the current NI 43-101 compliant proven and
probable reserve base of 97.2 million pounds of contained nickel at Bucko.
Further increases in the mineable reserve base will result in lower overall
hedge percentages.


The forward sales contracts are considered derivative financial instruments and
are used for risk management purposes and not for generating trading profits.


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". There can be no assurance that such statements will
prove to be accurate; actual results and future events could differ materially
from such statements. 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: 269.6MM

Fully Diluted: 308.3MM

52-Week Trading Range: C$0.32 - $0.93

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