Airport Property

Overview:

Crowflight Minerals Ltd. maintained a 50 percent undivided interest in the Airport Property acquired from Millstream Mines Ltd. in 2003 and since reduced through dilution to a 30% undivided interest. The property is located four kilometers southeast of Falconbridge's recent Nickel Rim South discovery (13.2 million tonnes grading 1.70% nickel, 3.50% copper and 4.1 gpt PGM's) and two kilometers east of Falconbridge's past-producing Norduna mine (454,000 tonnes grading 1.14% nickel and 0.46% copper). Recent success in the Sudbury Basin by Falconbridge on their Nickel Rim Deposit and by FNX Mining on the Inco Norman property has highlighted the value to be found in the Sudbury Intrusive Complex footwall environment.

The property contains intrusions of mineralized Sudbury Breccia along features interpreted to be an extension to the Frood-Stobie trend considered prospective for hosting high-value Footwall nickel-copper-PGM deposits. Cross-cutting branches of Sudbury Breccia related to structures emanating from the Sudbury Intrusive Complex (SIC) are also observed on the property that remain prospective for hosting Offset Style nickel-copper-PGM deposits. Several surface showings have been identified with assay values of up to 1.53% copper over 1.25 metres obtained from channel samples.

Most of the work conducted on the property to date has focused on investigating mineralized showings associated with exposures of Sudbury Breccia and follow-up of shallow geophysical targets. The property has been covered by helicopter borne Electromagnetic (EM) / Magnetic (Mag) geophysical surveys (Aerodat 1984), Ground Horizontal Loop Electromagnetic (HLEM) / Mag (1998), Dipole-Dipole Induced Polarization (IP) (1998), Gradient IP (2003), and fixed wing airborne TEM (MegaTEM 2004). Very few records exist of drilling conducted prior to 1956. Since 1958 a total of 16 holes totaling 4,418 metres have been drilled. To date, only 3 holes deeper than 200 metres have been completed on the property.

Exploration to date has been successful in defining areas of prospective stratigraphy, but has failed to intersect mineralization of potentially economic grades and widths. This work has lead to the identification of several additional targets that have yet to be tested.

Crowflight believes a program of surface geophysics followed by diamond drilling is required to evaluate the remaining targets on the property.

Objectives:

Discover economic concentrations of nickel mineralization through the employment of advanced and efficient exploration procedures and technologies.

Agreement Terms:

Crowflight had maintained a 50% undivided interest in the Airport Property obtained through an Agreement with Millstream Mines Ltd. dated June 2003. This interest was diluted down to a 30% interest based on exploration activities funded by Millstream in 2005. The property is subject to a 3.0% NSR held by the original property stakeholders of which two-thirds of the royalty can be purchased for $2 million. To maintain its current interest, Crowflight must spend the equivalent to amounts expended by Millstream on exploration programs approved by the Joint Venture Management committee or face further dilution of its interest according to provisions in Agreement.

Exploration Activities:

Due to Crowflight's commitments with its joint venture partner Falconbridge Ltd. In the Thompson Nickel Belt, Manitoba, the Company is looking for a capable party to purchase or earn-in to its 30% undivided interest in the Crowflight - Millstream Joint Venture.