Crazy Horse Resources Inc.: SEDAR Filing of the Prefeasibility Study on Taysan Copper-Gold Project

Crazy Horse Resources Inc. (TSX VENTURE:CZH) - 

Highlights



--  A National Instrument 43-101 compliant pre-feasibility study report on
    the Taysan Copper-Gold project has been completed and has been filed on
    SEDAR.
--  The report forecasts average annual payable production of 76 million
    pounds of copper (34,432 t Cu), 30 thousand ounces of gold, 93 thousand
    ounces of silver and 476 thousand tonnes of magnetite over the 24-year
    mine life.
--  The Taysan Copper-Gold project has an estimated net present value at a
    10% discount rate of US$503 million and an internal rate of return of
    49.2%, both calculated on after tax, post-financing cash flow including
    metal by-products.



Crazy Horse Resources Inc. (the "Company") announces that further to its news
release of April 30, 2012, it has filed on SEDAR a National Instrument 43-101
compliant pre-feasibility study report on its 100%-held Taysan Copper-Gold
Project, located on Luzon Island in the Philippines.


The report dated May 5, 2012 entitled "Taysan Copper-Gold Project -
Prefeasibility Study for a 15 Million Tonne per Annum Mine" and authored by
Barton Metals Pty Ltd., IMC Mining Group Pty Ltd., AMEC Australia Pty Ltd. and
RDCL can be accessed under the Company's profile at www.sedar.com.


ON BEHALF OF THE BOARD OF CRAZY HORSE RESOURCES INC.

Mitch Alland, President and C.E.O.

This news 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 the Company. The PFS described in this news release is not a
production forecast by the Company. There remains at present insufficient
certainty in the PFS to reliably estimate future production and economics;
further engineering and geology studies are required. The scope of the PFS is to
deliver an economic assessment of the Project with plus or minus 20% accuracy in
its estimates. A full feasibility study, which provides a higher level of
accuracy in engineering and economic estimates, may be required for the sale or
joint venture of the Project. There are risks related to the assumptions used in
preparation of the PFS, including uncertainties associated with the Company's
reserve estimates and resource deposit information; and uncertainties regarding
mining in general including global supply and demand for base and precious
metals; political and economic risk in the Philippines, metallurgical
uncertainties; environmental laws, regulations and permits relating to mine
reclamation and restoration, climate change, emissions to the air and water and
human exposure to hazardous substances used, released or disposed of by the
Company; uncertainties associated with unanticipated geological conditions
related to mining; and uncertainties associated with the fiscal regime that will
be applicable to future mining operations. Investors are cautioned that any such
statements are not guarantees of future performance and that actual results or
developments may differ materially from those projected in the forward-looking
statements. 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. The Company
does not assume the obligation to update any forward-looking statement, except
as required by applicable law.