TORONTO, ONTARIO--(Marketwire - Aug. 9, 2010) - 

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

CROWFLIGHT MINERALS INC. ("Crowflight" or the "Company") (TSX:CML) 
announces that it has amended the previously announced private placement 
financing (see press release of July 9, 2010) to a $5.05 million bridge 
loan from King Place Enterprises Limited ("King Place") with the potential 
for a further financing of $5 million to be arranged by King Place on a 
commercially reasonable efforts, private placement basis. 

The loan will be in the form of a $5,050,000 principal amount promissory 
note (the "Note") to be issued by Crowflight to King Place. 

The potential additional $5 million financing would result from the sale on 
a private placement basis, of a further 35,714,285 common shares of the 
Company as arranged by King Place, at a price of $0.14, within 35 days 
following the date hereof, subject to the receipt of regulatory approval.

The proceeds from the loan will be used for capital expenditures at the 
Bucko Lake Mine and general corporate and working capital purposes. 

The Note is being issued to King Place, an insider of the Company, who owns 
greater than 10% of the issued and outstanding shares of the Company. The 
transaction will allow the Company to invest capital in its Bucko Lake Mine 
in the Thompson Nickel Belt, Manitoba as well as to finance general 
corporate and working capital requirements of the Company. The board of 
directors of the Company unanimously approved the issuance of the Note to 
King Place. The Company did not require a formal valuation or minority 
shareholder approval in connection with issuing the Note as the fair market 
value of the Note did not exceed 25% of the Company's market 
capitalization. 

The potential additional financing remains subject to the receipt of all 
regulatory approvals, including approval of the Toronto Stock Exchange.

About Crowflight Minerals

Crowflight Minerals Inc. (TSX:CML) is a Canadian junior mining company that 
owns the Bucko Lake Nickel Mine near Wabowden, Manitoba that recently 
resumed production. The Company also holds nickel, copper and Platinum 
Group Mineral (PGM) projects in the Thompson Nickel Belt and Sudbury Basin.

Cautionary Note on Forward-Looking Information

This press release contains forward-looking statements under Canadian 
securities legislation. Forward-looking statements include, but are not 
limited to, statements with respect to the ability of the Company to obtain 
required financing; proposed use of proceeds, the development potential and 
timetable of the Company's properties, including the Bucko Lake Project; 
and the future price of nickel and other minerals. Generally, 
forward-looking statements can be identified by the use of forward-looking 
terminology such as "plans", "expects" or "does not expect", "is expected", 
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" 
or "does not anticipate", or "believes", or variations of such words and 
phrases or statements that certain actions, events or results "may", 
"could", "would", "might" or "will be taken", "occur" or "be achieved". 
Forward-looking statements are based on the opinions and estimates of 
management as of the date such statements are made. Forward-looking 
statements are subject to known and unknown risks, uncertainties and other 
factors that may cause the actual results, level of activity, performance 
or achievements of the Company to be materially different from those 
expressed or implied by such forward-looking statements, including those 
risks described in the Company's annual information form that is available 
under its profile on SEDAR at www.sedar.com. Although management of the 
Company has attempted to identify important factors that could cause actual 
results to differ materially from those contained in forward-looking 
statements, there may be other factors that cause results not to be as 
anticipated, estimated or intended. There can be no assurance that such 
statements will prove to be accurate, as actual results and future events 
could differ materially from those anticipated in such statements. 
Accordingly, readers should not place undue reliance on forward-looking 
statements. The Company does not undertake to update any forward-looking 
statements, except in accordance with applicable securities laws. 

This news release does not constitute an offer to sell or a solicitation of 
an offer to sell any of the securities in the United States. The securities 
have not been and will not be registered under the United States Securities 
Act of 1933, as amended (the "U.S. Securities Act") or any state securities 
laws and may not be offered or sold within the United States or to U.S. 
Persons unless registered under the U.S. Securities Act and applicable 
state securities laws or an exemption from such registration is available.

Further information is available on the Company's website at 
www.crowflight.com.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Crowflight Minerals
Mark Trevisiol
President & CEO
(416) 861-5893
or
Crowflight Minerals
Heather Colpitts
Manager, Investor and Public Relations
(416) 861-5803
info@crowflight.com
www.crowflight.com