RAB Special Situations (fka RAB)

[Ed Monton]

RAB Special Situations L.P./Crowflight Minerals
Inc.-Announcement

LONDON, UNITED KINGDOM--(CCNMatthews - Oct. 18, 2004) - RAB Special
Situations L.P. ("Special Situations") announces that Special Situations
entered into a Subscription and Purchase Agreement with Crowflight
Minerals Inc. (the "Company") where it subscribed for a total of
5,000,000 units of the Company (the "Units"), at a price of Cdn.$0.20
per Unit (the "Private Placement"). Each Unit consists of one common
share (a "Share") and one share purchase warrant (each whole warrant
being a "Warrant") of the Company. Each Warrant entitles Special
Situations to purchase one Share for a period of 24 months after closing
at a price of Cdn.$0.30 per Share. The transaction took place off the
market by way of private placement.

Special Situations has ownership of and control over the securities
purchased in the Private Placement. The purchased securities represent
approximately 15% of the issued and outstanding Shares on a partially
diluted basis (assuming exercise of its Warrants) ("Partially Diluted
Basis").

Immediately after the Private Placement, Special Situations owned
7,100,400 Shares and 5,945,200 Warrants representing approximately 20%
of the issued and outstanding Shares on a Partially Diluted Basis.

Special Situations purchased Units for investment purposes only and not
with the purpose of influencing the control or direction of the Company.
Special Situations together with joint actors, if any, may, subject to
market conditions, make additional investments in or dispositions of
securities of the Company in the future, including additional purchases
of Shares. Special Situations and its with joint actors, if any, do not,
however, intend to acquire 20% of any class of the outstanding voting or
equity securities of the Company.

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FOR FURTHER INFORMATION PLEASE CONTACT:
RAB Special Situations L.P.
Mr. Neil Warrender
(44) 20-7389-7000
(44) 20 7389 7054 (FAX)
[e-mail]
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.