Crosshair announces revised pricing for bought deal financing

Crosshair Exploration & Mining Corp. has agreed with Canaccord Capital Corporation, the lead underwriter in connection with the Company’s announced bought deal financing to: 1) increase the size of the offering of Flow-Through Shares from 3,226,000 to 3,575,000 and reduce the offering price of the Flow-Through Shares from C$1.55 to C$1.40 per Flow-Through Share, and 2) increase the size of the offering of Units from 7,250,000 to 8,000,000 and reduce the offering price of the Units from C$1.38 to C$1.25 per Unit.

Each Unit consists of one common share and one transferable common share purchase warrant . Each Warrant will entitle the holder thereof to purchase one common share at a price of C$1.80, revised from C$2.00, expiring 18 months from the closing of the Offering. The revised offering of 8,000,000 Units and 3,575,000 Flow-Through Shares priced at $1.25 per Unit and $1.40 per Flow-Through Share will result in gross proceeds to Crosshair of C$15,005,000.

The Company’s board of directors believes that in light of current market conditions, it is in the Company’s best interests to agree to the proposed amendment as a reasonable accommodation between existing shareholder interests and its new sources of financing. Closing has been set for April 4, 2008 and the board advises that no more amendments to pricing will be considered.

The Company will forthwith file an amended prospectus with all applicable regulatory authorities.