Crosshair is a dominant player in the exploration and development of gold, uranium and vanadium in the US and Canada. Crosshair continues to advance its gold projects in Newfoundland. The company recently completed 7,220 m of drilling and has a bulk sampling program that is set to commence Q3 2010. Stantec Consulting Ltd. has recently been contracted to prepare an Environmental Compliance Plan and design a method of removing the overburden for the trenching that is anticipated to begin September 2010.

The Bootheel Project is located in uranium mining friendly Wyoming and with its in-mining potential and initial NI 43-101 uranium resource estimate of 1.09 M lbs indicated and an additional 3.25 M lbs inferred, the project has exceeded the minimum mining threshold and is designed for near term production.

The CMB Uranium/Vanadium Project is located in Labrador, Canada and Crosshair has demonstrated the multi-deposit potential of the project by successfully developing four currently defined resources -- C Zone, Area 1, Armstrong and Two Time Zone. All four resources are open for expansion.

Vanadium, already irreplaceable in several industries including aerospace, aviation and construction due to its unrivalled ability to strengthen steel, has also become very important in the advancement of battery technology and its use for connecting large-scale power grids. Phase 1 of the Vanadium Resource Expansion Program is complete and Phase 2 is set to commence at the beginning of July 2010.

Crosshair currently trades on the Toronto Stock Exchange as CXX and the NYSE Amex as CXZ.