News Release

Crosshair Exploration & Mining Corp. To Trade On Toronto Stock Exchange

May 8, 2008

Crosshair Exploration & Mining Corp. (the "Company") – An application has been granted for the original listing in the Mining category of 104,604,603 common shares of the Company, of which 84,595,825 common shares are issued and outstanding, and 20,008,778 common shares are reserved for issuance.

An application has also been granted for the listing of 8,000,000 common share purchase warrants (the “Warrants”), all of which are issued and outstanding. Each Warrant entitles the holder to purchase one common share at a price of $1.80 per share at any time prior to 4:00 p.m. (Pacific Time) on October 4, 2009.

The common shares and the Warrants of the Company will be listed and posted for trading at the opening on Monday, May 12, 2008.

The Company is subject to the reporting requirements of Section 501 of the TSX Company Manual.

Common Shares:
Stock Symbol: "CXX"”
CUSIP: 22763R 10 1
Trading Currency: CDN

Warrants:
Stock Symbol: "CXX.WT"
CUSIP: 22763R 11 9
Trading Currency: CDN

Temporary Market Maker: Hampton Securities Limited

Other Markets: The common shares of the Company and the Warrants have been listed on TSX Venture Exchange since March 14, 1969 and April 10, 2008 respectively and the common shares have been listed on AMEX since May 7, 2007 under the symbol CXZ. The common shares and Warrants will be delisted from TSX Venture Exchange on May 12, 2008, upon commencement of trading on TSX.

Head Office Address: Suite 1240
1140 West Pender Street
Vancouver, British Columbia
V6E 4G1

Email Address: mark@crosshairexploration.com

Website: www.crosshairexploration.com

Head Office Telephone Number: (604) 681-8030

Toll Free: 1-866-683-8030

Fax Number: (604) 681-8039

Investors Relations: Daniel G. McIntyre
Tel: (604) 681-8030 ext.226
Email: dan@crosshairexploration.com

Jennifer Richards
Tel: (604) 681-8030 ext.229
Email: jennifer@crosshairexploration.com

Chief Financial Officer: Douglas R. Brett

Corporate Secretary: Julie Bolden

Incorporation: The Company was incorporated under the British Columbia Companies Act on September 2, 1966 under the name Shasta Mines & Oil Ltd. On April 2, 1975, it changed its name to International Shasta Resources Ltd., on May 20, 1994, the Company changed its name to Consolidated Shasta Resources Inc., on November 23, 1994 to Lima Gold Corporation, on September 21, 1999, to International Lima Gold Corporation, and on March 1, 2004, to Crosshair Exploration & Mining Corp. On June 1, 2004, the Company was transitioned under the British Columbia Business Corporations Act.

Fiscal Year End: April 30

Nature of Business: The Company is a mineral exploration company engaged in the acquisition and exploration of mineral properties (primarily uranium, base and precious metals), principally in Newfoundland and Labrador.

Transfer Agent & Registrar: Computershare Investor Services Ltd. at its principal offices in Vancouver and Toronto.

Dividends: The Company has not paid any dividends or made any distributions in the last five years. The Company does not anticipate paying dividends in the foreseeable future.