Crazy Horse Appoints Robert Pease B.Sc., P.Geo as Chairman and Director


MANILA, PHILIPPINES--(Marketwire - June 14, 2011) -Crazy Horse Resources Inc. (TSX VENTURE:CZH) -

HIGHLIGHTS:

  • "BC Mining Person of the Year for 2010" by the Mining Association of BC, Canada.
  • Past Vice President of Strategic Planning, a Director and a Member of Special Committee for Richfield Ventures, a mineral exploration and development company focused on the Blackwater Gold project in central British Columbia, Canada.
  • Founder, President, CEO, Executive Director and Chairman of Health Safety and Sustainability Committee of Terrane Metals Corp. from its inception in 2006 until its acquisition in 2010 by Thompson Creek Metals Company.

Crazy Horse Resources Inc. (TSX VENTURE:CZH) ("Crazy Horse" or the "Company"), a Philippines based mineral exploration company, announces the appointment of Robert Pease as its Chairman of the Board of Directors effective immediately.

Mr. Pease is a consultant to the mineral exploration and development business and holds a B.Sc. degree in Earth Science from the University of Waterloo. A Professional Geologist (British Columbia) and a Fellow of the Geologic Association of Canada, Mr. Pease is the Past-Chairman of the Association for Mineral Exploration British Columbia and has recently led the sale of two companies.

Terrane Metals was a mineral exploration and development company focused on the development of the Mt. Milligan Gold/Copper project. Mr. Pease guided the company through development studies and permitting, and initiated mine construction prior to Terrane's acquisition by Thompson Creek for approximately C$700 million. Refer to his interview http://www.equedia.com/blog/view.php?entryId=2250. More recently, Richfield Ventures was acquired by New Gold Inc. in June 2011 for C$550 million.

The Company grants to Mr. Pease options to purchase up to 225,000 common shares. Each option is exercisable to acquire one common share of the Company at a price of $0.76 until June 14, 2016 in accordance with the terms of the Company's stock option plan.

Mr. Pease replaces Brian Lueck, the founder and principal of Crazy Horse as Chairman. Mr. Lueck will remain on the Board and maintain an active role as Vice President Exploration.

Johan Raadsma, President and CEO of Crazy Horse states, "The addition of Rob's extensive and extremely well respected experience in the minerals industry with a proven and tested corporate development track record is part of Crazy Horse's strategic plan to develop the Taysan Copper Gold Project."

Taysan Project

A National Instrument 43-101 compliant technical report by Mining Associates dated effective March 11, 2011 and entitled "Mineral Resource Estimate and Preliminary Economic Assessment Taysan Project" can be viewed under the Company's profile on SEDAR (www.sedar.com).

The Taysan Project contains a copper-gold porphyry deposit with an inferred resource, and is comprised of two mining exploration permits and three mining exploration permit applications (permits: EP-IVA-005 and EP-IVA-016, and permit applications: EPA-IVI-108, EPA-IVI-111 and EPA-IVA-081) over five contiguous claim blocks covering a combined total area of 11,254 hectares. The Taysan Project hosts a large and only partly explored copper-gold porphyry deposit similar to other copper-gold porphyry deposits previously mined in the Philippines. The Taysan Project is located in southern Luzon, Philippines in a well-developed mining province and readily accessible by road located 20km east of the provincial capital and deep water commercial port of Batangas City. The Company is currently conducting a confirmatory scoping study under the management of AMECMinproc Limited, which remains on track and on schedule.

ON BEHALF OF THE BOARD

"Johan Raadsma"

Johan Raadsma
President, CEO and Secretary

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

KIN Communications Inc.
Investor Relations
1-866-684-6730
Ir@kincommunications.com

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