Crosshair Announces Plans for Summer Program

Market Wire, June, 2008

Crosshair Exploration and Mining Corp. (TSX: CXX)(AMEX: CXZ) is pleased to provide details on the intensive summer and fall exploration program set to begin in early July at the Central Mineral Belt (CMB) Uranium Project in Labrador.

An 8,000 metre (m) drill program utilizing 2 to 3 drills will be directed at expanding known mineralization along the C Zone - Armstrong Corridor as well as defining known targets and testing new showings in the underexplored southern portion of the Property.

NORTHSTAR

A total of 6,000 m of drilling is planned within the Northstar area for the remainder of 2008. The program will be aimed at building upon the mineralized zones at Area 1 and the recently discovered Armstrong, as well as increasing the currently defined NI 43-101 uranium resource at the C Zone. The program has been designed to confirm the continuity of mineralization between all three zones. As a precursor to diamond drilling, extensive geological mapping and trenching programs have been designed for the C Zone - Armstrong Corridor. These programs will be conducted in conjunction with, and incorporated within, a regional geological mapping/prospecting program. Several new targets will also be drill tested.

C Zone

The C Zone is the most advanced uranium project on the Property, with an existing NI 43-101 compliant indicated resource of 3.19 million pounds of U3O8 (3.75 million tonnes at 0.04% U3O8) and an additional NI 43-101 inferred resource of 4.59 million pounds of U3O8 (6.32 million tonnes at 0.03% U3O8). The complete resource estimate can be found in the NI 43-101 report entitled Technical Report on the Central Mineral Belt Uranium Project, Labrador, Canada dated September 9, 2007, as filed on SEDAR on September 10, 2007, as well as on the Company's website.

Over 17,000 m have been drilled at the C Zone since the last resource estimate. Drilling in 2007 returned the best intercepts to date highlighted by hole ML-87 (0.07% U3O8 over 71.3 m including 0.1% U3O8 over 45.7 m). More than 400 m were added to the strike length, which now totals 1500 m. An updated NI 43-101 resource, which will include drilling up to May 2008, is expected to be released this summer.

Area 1

A total of 49 holes have now been drilled at Area 1, which is located 1.5 kilometres (km) southwest of the C Zone. The geological setting and style of mineralization strongly resemble that of the C Zone and it is believed that Area 1 is part of a 4.5 km long mineralized trend. Uranium mineralization has now been defined over a strike length of 600 m and remains open to depth and along strike.

Armstrong

Armstrong is located approximately 3 km southwest of the C Zone and is believed to anchor the southern end of the same 4.5 km long trend that hosts the C Zone and Area 1. A total of 32 holes have now been drilled at Armstrong, which has a currently defined strike length of 300 m. This newly discovered zone is also open to depth and along strike. Armstrong has returned the highest grade of uranium within the CMB Property to date. Drill hole ML-AR-26 pierced 0.16 m of 9.12% U3O8 accompanied by 0.4% copper. This intercept was hosted within an interval grading 0.196% U3O8 over 9.45 m.

IOCG Targets

Three deep drill holes were completed this past winter to test the potential for Iron Oxide Copper Gold (IOCG) type mineralization associated with a large gravity anomaly beneath the C Zone - Armstrong Corridor. Although unsuccessful in detecting IOCG mineralization, these holes provided geological data that will greatly help refine existing geophysical models to further evaluate the IOCG potential of the Property.

LONESTAR

The Lonestar Division will spearhead a detailed exploration program, which will include 2,000 m of drilling in the 585 square km southern portion of the Property. Ground work from 2007 that included a lake sediment survey, an alpha cup radon gas survey, geological mapping and geochemical sampling, identified several areas with highly anomalous concentrations of uranium and associated elements. These high priority targets will be further tested with detailed mapping as well as several geochemical programs. The two most advanced targets within Lonestar are Madsen Lake and Croteau Lake, both of which will be drill tested this summer.

Madsen Lake

Madsen Lake consists of four uranium occurrences hosted within sheared felsic volcanic rocks. A total of 34 grab samples were collected in the summer of 2006, of which 24 samples had greater than 0.05% U3O8 and up to 4.57% U3O8. Recent field work has also indicated that other areas adjacent to Madsen Lake warrant further investigation. Uranium mineralization in this area is thought to be similar to that of the Michelin Deposit, which is located 65 km to the northeast.

Croteau Lake

A total of 87 grab samples have been collected in an area over several hundred square metres at Croteau Lake with an average grade of 0.33% U3O8 and a maximum of 2.09% U3O8. Although limited drilling has not yet located the source of the high-grade boulders, subsequent lake sediment, glacial till and alpha cup radon gas surveys indicate that the source is of a local nature. Further geochemical sampling and detailed mapping will be conducted as a precursor to additional drilling.