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Share Name Share Symbol Market Type
TSXV:CZH TSX Venture Common Stock
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Crazy Horse Resources Announces Management Appointments to Strengthen Philippine Presence

08/04/2013 2:30pm

Marketwired Canada


Crazy Horse Resources Inc. (TSX VENTURE:CZH) (the "Company") - As announced
previously, Crazy Horse Resources, Inc. has completed the pre-feasibility study
for its Taysan Copper-Gold Project in Batangas Province in the Philippines.
Despite the attractiveness of the Project and the continuing strength of
expected long term copper prices, interest from mining companies in a trade sale
or a joint venture has been tempered by poor market conditions for mining
shares. As a result, the Company moved aggressively to conserve cash by reducing
expenditures to the minimum necessary for maintaining the site while continuing
with its marketing efforts. 


While the Company has previously completed its application for the Financial and
Technical Assistance Agreement (FTAA) mining license, the Philippine government
has recently lifted its moratorium on the approval of FTAAs. Accordingly, at its
March 14, 2013 AGM the Company proceeded swiftly to strengthen its local
footprint and to focus on pursuing the issuance of the FTAA and environmental
approvals in order to enhance further the marketing efforts for a joint venture
or trade sale by adopting the following measures:




--  Appointment of Jose Leviste III as CEO and a Director: Mr. Leviste is a
    Philippine national with extensive roots and connections at the Batangas
    Province and Philippine national levels. A lawyer by background, he has
    a law degree from, and was admitted to the bar in, New South Wales. He
    has worked both in Australia and in the Philippines, where he has been
    active in the resource sector.
     
--  Appointment of Brian Lueck as COO: Mr. Lueck, a highly experienced
    geologist, is a former director and officer, as well as founder of the
    Company, who has lived in the Philippines for 17 years and has extensive
    local contacts in the Philippine mining industry and the government.
     
--  Appointment of Mitch Alland, previously Chairman and CEO, as Executive
    Chairman to oversee the overall management of the Company.



Mitch Alland, Executive Chairman, comments: "These management changes
significantly enhance our local presence and are aimed at obtaining the FTAA as
soon as possible in that they should enhance our relations at the national and
provincial level in the Philippines, both of which are important elements for
success of a mining project in the country. With Jose Leviste as CEO and
director and with Roderick (Dicky) Salazar, the leading Philippine lawyer in the
mining sector also as director we have effectively strengthened our local
footprint."


ON BEHALF OF THE BOARD OF CRAZY HORSE RESOURCES INC.

MITCHELL ALLAND, Executive Chairman

This press release includes "forward-looking statements" including forecasts,
estimates, expectations and objectives for future operations that are subject to
a number of assumptions, risks and uncertainties, many of which are beyond the
control of Crazy Horse Resources Inc. There is no assurance that the Company
will be successful in completing a sale or joint venture particularly in light
of the current economic climate and the resulting valuation of commodities
including copper. Such forward-looking information represents management's best
judgment based on information currently available. No forward-looking statement
can be guaranteed and actual future results may vary materially. Crazy Horse
Resources Inc. does not assume the obligation to update any forward-looking
statement, except as required by applicable law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
KIN Communications Inc.
Investor Relations
1-866-684-6730
Ir@kincommunications.com

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