MANILA, PHILIPPINES--(Marketwire - Jan. 4, 2011) - Crazy Horse Resources Inc. (TSX VENTURE:CZH) (the "Company") a Philippines based mineral exploration company, announces that as a result of the Company now being a Tier 1 issuer on the TSX Venture Exchange, it is deemed an "established issuer" (as such term is defined in National Policy 46-201 – Escrow for Initial Public Offerings) and as such all of the 923,500 common shares of the Company held in escrow pursuant to that escrow agreement dated October 15, 2008 are to be released from escrow. However, 600,030 of those shares will be subject to that escrow agreement dated October 21, 2010 entered into in conjunction with the RTO involving the Company's acquisition of the Taysan copper-gold property in the Philippines, to be released in four equal amounts of 25% each over a period of 18 months, with the first release effective as of November 12, 2010.
ON BEHALF OF THE BOARD
Johan Raadsma, President, CEO and Secretary
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. 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. Crazy Horse Resources Inc. does not assume the obligation to update any forward-looking statement, except as required by applicable law.
Contact Information: Crazy Horse Resources Inc.
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