Crazy Horse Resources Inc. to Undertake Additional C$5,230,500 Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Crazy Horse Resources Inc. (TSX VENTURE:CZH) (the "Company") is pleased to
announce a non-brokered private placement of 6,973,975 common shares ("Shares")
for proceeds of C$5,230,481.


The private placement includes a subscription of 823,975 Shares being made by
Copper Development Corporation pursuant to anti-dilution rights granted under
its prior purchase of 6,666,667 Shares of the Company (see news release dated
July 4, 2011). As a result of this investment, Copper Development Corporation
will maintain its 11.82% interest in voting securities of the Company.


The Company has decided to undertake the private placement to ensure it is fully
funded for its Bankable Feasibility resource and site investigation drilling
which will be completed during 2011; its Pre-Feasibility Study costs; and
remaining working capital requirement for 2011. 


Johan Raadsma, President and CEO of Crazy Horse states, "The strategic placement
of additional Crazy Horse shares with a long term development partner further
strengthens the company's position for Taysan project development."


No finder's fee or commissions will be paid in respect of the private placement.

The completion of the private placement is subject to the approval of the TSX
Venture Exchange.


The Shares will be subject to a four-month hold period in accordance with
applicable Canadian securities laws.


The Company announces that Darren Devine has stepped down as a director of the
Company to provide for the appointment of Mr. Mitch Alland. Mr. Devine will
remain involved with the Company as a consultant providing corporate advisory
services.


ON BEHALF OF THE BOARD

Johan Raadsma, President, CEO and Secretary

This press release is not an offer of securities for sale in the United States.
The common shares being offered have not been and will not be registered under
the United States Securities Act of 1933, as amended, and accordingly are not
being offered for sale and may not be offered, sold or delivered, directly or
indirectly within the United States, its possessions and other areas subject to
its jurisdiction or to, or for the account or for the benefit of a U.S. person,
except pursuant to an exemption from the registration requirements of that Act.


This press release includes "forward-looking statements" including statements
relating to completion of the proposed Offering and use of the offering
proceeds, that are subject to a number of assumptions, risks and uncertainties,
many of which are beyond the control of the Company. 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. There is no assurance that the Company will be successful in raising
any or all of the private placement, or that the terms thereof will not
materially change prior to closing. The Company does not assume the obligation
to update any forward-looking statement, except as required by applicable law.