Crosshair is a leading junior exploration company focused on exploring and developing uranium in the Central Mineral Belt of Labrador. An intensive 8,000 m drill program is planned for the remainder of 2008, which will be directed at expanding known mineralization along the C Zone - Armstrong Corridor.

Crosshair is also demonstrating the multi-deposit potential of the project by successfully developing and drilling several new uranium targets on the 720 square kilometre project.

As exploration advances within the Crosshair project, along with various other exploration plays in the area, the Central Mineral Belt is fast emerging as the next big uranium district in Canada.

Crosshair also continues to advance its gold and Volcanic Hosted Massive Sulphide (VHMS) projects in Newfoundland, which are slated for a dividend spin out to shareholders into Gemini Metals Corp. in 2008.

Crosshair currently trades on the Toronto Stock Exchange (CXX:TSX) and the American Stock Exchange (CXZ:AMEX).