Vancouver, British Columbia CANADA, March 17, 2010 - Crosshair Exploration & Mining Corp. (NYSE Amex: CXZ) (TSX: CXX) (“Crosshair”) is pleased to announce further results from the ongoing vanadium program on the Central Mineral Belt (CMB) Project in Labrador.Vanadium has now been intersected along strike for approximately 1,000 metres (m) at the C Zone.

Highlights from recently assayed holes include:

-0.183% V2O5 over 45.9m (from 68.1m to 114.0m) including

0.216% V2O5 over 18.9m (from 68.1m to 87.0m) in hole ML-50, and

-0.209% V2O5 over 17.2m (from 7.2m to 24.4m) including

0.330% V2O5 over 4.4m (from 18.0m to 22.4m) in hole C-13.

NOTE: The holes are not being sampled in sequence.

“With the Vanadium-Redox battery being the only battery with the potential for large-scale power-grid usage, the vanadium component of our CMB Project is becoming more and more important” says Stewart Wallis, President and CEO of Crosshair.

The vanadium resource expansion program has been planned with the goal of adding significant pounds of vanadium to the existing vanadium resource without the need for further drilling. Given the fact that the previous drill programs on the CMB project focused exclusively on uranium, most holes were only sampled where uranium was encountered. For this reason, approximately 4,000 metres of existing core needs to be sampled and assayed for vanadium.