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Crosshair Drills 0.16% EU3O8 Over 15.5 Feet At Juniper Ridge

Stocks in this article: CXZ

Crosshair Exploration & Mining Corp. ( NYSE Amex: CXZ) (TSX: CXX) is pleased to announce the first set of results from the ongoing drill program on the Juniper Ridge Uranium Project in southwest Wyoming. The 2011 program is designed to confirm historical results, which indicated that the Project was amenable to an open-pit, heap leach operation. Results have now been verified for the first 57 holes and are similar in grade and thickness to the historical results. Highlights include:

      Drill Hole     From (feet)       To (feet)       Length (feet)       % eU 3O 8 *    
JR-11-201     37.5       48.5       11.0       0.186
and     102.5       118.0       15.5       0.158
and     134.0       148.0       14.0       0.057
and     154.5       160.0       5.5       0.526
JR-11-301     26.5       36.5       10.0       0.046
JR-11-308     129.0       133.5       4.5       0.133
and     139.0       142.0       3.0       0.104
JR-11-317     62.0       71.0       9.0       0.069
and     114.5       119.5       5.0       0.121
JR-11-320     26.5       32.5       6.0       0.092
JR-11-392     115.0       120.5       5.5       0.099
JR-11-397     107.0       117.0       10.0       0.169
and     145.0       148.5       3.5       0.202

NOTE: Holes not drilled in numerical sequence.

“We are pleased to see our first set of drill results returning similar mineralization as was historically reported,” says Stewart Wallis, P.Geo., President and CEO. “Even more exciting is that many of the holes have multiple uranium intercepts. Drilling is continuing to explore the historical mineralization as the drills move to the north and east.”

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