Crosshair Announces Plans for Juniper Ridge (ccnm)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2011) - Crosshair Exploration & Mining Corp. (TSX:CXX)(NYSE Amex:CXZ) is pleased to announce details of the 2011 exploration program on the Juniper Ridge Property in southwest Wyoming. The program will consist of 80,000 feet (24,400 metres) of drilling as well as metallurgical test work with the goal of bringing the historical uranium resource into a National Instrument (NI) 43-101 compliant resource.

The $1.9 million program is expected to commence during the second week of May and take 4 months to complete. The drill program will utilize 2 drills in order to confirm historical results with approximately 400 holes being drilled to an average depth of 200 feet. The program will be followed by an initial NI 43-101 resource estimate, expected in Q4 2011.

"We are excited to start drilling in Wyoming and confirm the historical resource at Juniper Ridge," says Stewart Wallis, President and CEO of Crosshair. "One summer drill program should allow us to begin the permitting process and continue to advance the property to the prefeasibility stage."

The Juniper Ridge Property is comprised of 197 claims and one state mineral lease totalling 4,710 acres (1,906 Ha) in size. It has a historical geological resource of 5.2 million tons grading 0.067% U3O8 for a total 6.97 million pounds of uranium. The historical resource estimate was completed by AGIP Mining Company in 1986, prior to the implementation of NI 43-101 and is not compliant with current accepted reserve and resource classifications as set forth by the Canadian Institute of Mining and Metallurgy. Given the quality of the historic work completed on the Property, Crosshair believes the resource estimate to be both relevant and reliable. However, a qualified person has not completed sufficient work to classify the historic mineral resources as current mineral resources or mineral reserves as defined in NI 43-101, and Crosshair is not treating the historic resources as current. Therefore, the historical resource estimate should not be relied upon.

Additional information on the Juniper Ridge Project, including a proposed drill hole location map, can be found at: http://www.crosshairexploration.com/s/JuniperRidge.asp.