VANCOUVER,
BRITISH COLUMBIA--(Marketwire - Nov. 23, 2009) - Crosshair
Exploration & Mining Corp. (TSX:CXX)(NYSE
Amex:CXZ) ("Crosshair") wishes to
announce a correction to its previous news release dated November 20th,
2009 in connection with the closing of concurrent private placements for gross
proceeds of $2,275,000. The number of Agent's Warrants granted to Byron
Securities Limited in connection with the Flow-Through Private Placement should
have read 510,000.
About
Crosshair
Crosshair
is a dominant player in the exploration and development of uranium and gold in
the US and Canada. Its flagship Project, Bootheel, is located in uranium
mining friendly Wyoming and with its in-situ mining potential, Bootheel is
designed for near term production. The CMB Uranium Project is located in
Labrador, Canada and has four currently defined resources – C Zone, Area 1,
Armstrong and Two Time Zone. The Crosshair team is comprised of knowledgeable
and experienced professionals with both exploration and mining backgrounds.
For
more information on Crosshair and its properties, please visit the website at www.crosshairexploration.com.
ON BEHALF OF THE CROSSHAIR BOARD
"Mark J. Morabito"
CEO
About
Byron Securities Limited
For
more information on Byron Securities Limited, please visit www.byroncapitalmarkets.com
or contact Robert Orviss at (647) 426-1668, rorviss@byroncapitalmarkets.com
or Syndication at (647) 426-1662, ecm@byroncapitalmarkets.com.
Cautionary
Note Regarding Forward-Looking Information
Information set forth in this news release may involve
forward-looking statements under applicable securities laws. Forward-looking
statements are statements that relate to future, not past, events including
statements about the in-situ mining potential of Bootheel and Bootheel being
designed for near term production. In this context, forward-looking statements
often address expected future business and financial performance, and often
contain words such as "anticipate", "believe",
"plan", "estimate", "expect", and
"intend", statements that an action or event "may",
"might", "could", "should", or "will"
be taken or occur, or other similar expressions. By their nature,
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause our actual results, performance or achievements,
or other future events, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following risks: the risks
associated with outstanding litigation, if any; risks associated with project
development; the need for additional financing; operational risks associated
with mining and mineral processing; fluctuations in uranium, gold and other
commodity prices; title matters; environmental liability claims and insurance;
reliance on key personnel; the potential for conflicts of interest among
certain officers, directors or promoters with certain other projects; the
absence of dividends; competition; dilution; the volatility of our common share
price and volume; and tax consequences to U.S. shareholders. Forward-looking
statements are made based on management's beliefs, estimates and opinions on
the date that statements are made and the Company undertakes no obligation to
update forward-looking statements if these beliefs, estimates and opinions or
other circumstances should change, except as required by applicable securities
laws. Investors are cautioned against attributing undue certainty to
forward-looking statements.