Mr. Johan Raadsma reports

CRAZY HORSE RESOURCES INC.: CLARIFICATION ON RESOURCE ESTIMATES FROM PRELIMINARY SCOPING STUDY ON TAYSAN PROJECT

Crazy Horse Resources Inc. has clarified its announcement in Stockwatch dated March 10, 2011, on the resource estimates from a preliminary economic assessment of its Taysan copper-gold porphyry project in the Philippines.

The Taysan project is estimated to produce 3.1 billion pounds copper, 1.5 million ounces gold, 7.4 million ounces silver and 18.5 million tonnes of magnetite over the 24-year mine life. Annual average production for years one through four is estimated at 173 million pounds Cu and 79,400 ounces Au. Average annual production over the life of mine is 129 million pounds Cu, 62,000 ounces Au, 308,000 ounes Ag and 807,000 tonnes of magnetite (commencing year 2).

The inferred resource estimate used for the economic analysis was 944 million tonnes at 0.23 per cent copper; and 0.11 gram per tonne gold for 4,720 million pounds Cu and 3.4 million ounces Au (cut-off of 0.10 per cent Cu for reported blocks). The inferred resource estimate was prepared by Ian Taylor, BSc (honours, economic geology), of Mining Associates Pty. Ltd., and it will form the basis for an NI 43-101-compliant resource report for release this month. This inferred resource estimate was based on an initial 10-hole confirmatory drill program completed between October and December, 2010, to confirm the tenor of historical drilling on the Taysan project. The approach to the inferred resource model consisted of wireframing the lenses in section; confirmation and review in flitch slices; grouping the wireframes into domains of similar orientation and grade ranges; tagging and statistical analysis of the drill intercepts by domain; variography; copper-gold regression; estimation using ordinary kriging of copper and gold into a block model; analysis and validation guided by geology, informing data, statistical measures, check reporting and confirmation by comparison with recent diamond core drilling by the company.

Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Brian Lueck, chairman of the company, is the qualified person who has reviewed the geological data summarized in this news release on behalf of the company.