Crosshair Drills 0.16% eU3O8 over 15.5 Feet at Juniper Ridge

Crosshair Exploration & Mining Corp. (NYSE Amex: CXZ)
(TSX: CXX) is pleased to announce the first set of results from the
ongoing drill program on the Juniper Ridge Uranium Project in southwest
Wyoming. The 2011 program is designed to confirm historical results,
which indicated that the Project was amenable to an open-pit, heap leach
operation. Results have now been verified for the first 57 holes and are
similar in grade and thickness to the historical results. Highlights
include:

NOTE: Holes not drilled innumerical sequence.

'We are pleased to see our first set of drill results returning similar
mineralization as was historically reported,? says Stewart Wallis,
P.Geo., President and CEO. 'Even more exciting is that many of the holes
have multiple uranium intercepts. Drilling is continuing to explore the
historical mineralization as the drills move to the north and east.?

These results are from the western portion of the project and fall
within the area of the historical uranium resource. All holes are
vertical and the thicknesses above are approximately true width. The
goal of the current drill program is to confirm and expand the
historical uranium resource into a National Instrument (NI) 43-101
compliant resource.

Complete geophysical probe highlights and a drill plan map can be found
on the Crosshair website at: http://www.crosshairexploration.com/s/JuniperRidge.asp.
Composite results are based on a minimum 0.02% eU₃O₈
and a grade x thickness (GT) of 0.1.

Juniper Ridge contains 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 for the Juniper
Ridge Uranium Project 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. The resource was based
on half-foot interval gamma logs using a tonnage factor of 17.0 cubic
feet per short ton, and cut-offs of 0.03% eU₃O₈ over
a minimum 2.0 foot interval (0.06 GT). The resource was estimated using
the polygonal method with a maximum 50 foot radius. 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

* These grades are reported as equivalent uranium (eU₃O₈)
as determined by downhole radiometric logging equipment. The logging was
carried out by independent contractor, Century Wireline Services of
Tulsa, Oklahoma. Results of the eU₃O₈ reported in
this release have been determined using a USAT tool which is a more
accurate tool for determining the uranium content than the conventional
gross gamma tools in situations where the uranium may be in
disequilibrium. Gross gamma tools measure total gamma radiation and may
measure daughter products that are not directly related to the in-situ
uranium content. The use of the USAT tool eliminates the need for
chemical assays to determine that the uranium is in equilibrium and that
total gamma readings represent uranium content.

The Juniper Ridge drilling program is carried out under the direction of
Dr. Tom Bell CPG, a Qualified Person as defined by NI 43-101. Stewart
Wallis, P.Geo. President and CEO of Crosshair and a Qualified Person as
defined by NI 43-101, has reviewed and is responsible for the technical
information contained in this news release.

About Crosshair

Crosshair is a prominent player in the exploration and development of
uranium, vanadium and gold in the US and Canada. Its flagship projects,
Bootheel and Juniper Ridge, are both located in uranium mining friendly
Wyoming. Bootheel has exceeded the minimum mining threshold and with its
in-situ mining potential, is designed for near term production. The CMB
Uranium/Vanadium Project is located in Labrador, Canada and has four
currently defined resources - C Zone, Area 1, Armstrong and Two Time
Zone. Drilling programs are planned for all these projects this summer.
The Crosshair team is comprised of knowledgeable and experienced
professionals with both exploration and mining backgrounds.

For more information on Crosshair and its properties, please visit the
website at www.crosshairexploration.com.

ON BEHALF OF THE CROSSHAIR BOARD

'Mark J. Morabito'

EXECUTIVE
CHAIRMAN

Cautionary Note Regarding Forward-Looking Information

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements
are statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and
financial performance, and often contain words such as 'anticipate',
'believe', 'plan', 'estimate', 'expect', and 'intend', statements that
an action or event 'may', 'might', 'could', 'should', or 'will' be taken
or occur, or other similar expressions. Forward-looking statements or
information relate to, among other things the size and timing of the new
resource estimate, the details of the drill program, the exploration
potential of the Company's properties and the production potential of
Bootheel. By their nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause our
actual results, performance or achievements, or other future events, to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the following risks: the risks
associated with outstanding litigation, if any; risks associated with
project development; the need for additional financing; operational
risks associated with mining and mineral processing; fluctuations in
uranium, gold and other commodity prices; title matters; environmental
liability claims and insurance; reliance on key personnel; the potential
for conflicts of interest among certain officers, directors or promoters
with certain other projects; the absence of dividends; competition;
dilution; the volatility of our common share price and volume; tax
consequences to U.S. shareholders and other risks and uncertainties,
including those described in the Risk Factors section in the Company′s
Annual Report on Form 20-F for the financial year ended March 31, 2010
filed with the Canadian Securities Administrators and available at www.sedar.com.
Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and the
Company undertakes no obligation to update forward-looking statements if
these beliefs, estimates and opinions or other circumstances should
change, except as required by law. Investors are cautioned against
attributing undue certainty to forward-looking statements.

Cautionary Note Concerning Reserve and Resource Estimates

This press release uses the terms 'reserves?, 'resources?, 'proven
reserves?, 'probable reserves?, 'measured resources?, 'indicated
resources? and 'inferred resources?. United States investors are advised
that, while such terms are recognized and required by Canadian
securities laws, the United States Securities and Exchange Commission
(the 'SEC?) does not recognize them. Under United States standards,
mineralization may not be classified as a 'reserve? unless the
determination has been made that the mineralization could be
economically and legally produced or extracted at the time the reserve
determination is made. Mineral resources that are not mineral reserves
do not have demonstrated economic viability. United States investors are
cautioned not to assume that all or any part of measured or indicated
resources will ever be converted into reserves. Inferred Resources are
in addition to Measured and Indicated Resources. Further, inferred
resources have a great amount of uncertainty as to their existence and
as to whether they can be mined legally or economically. It cannot be
assumed that all or any part of the inferred resources will ever be
upgraded to a higher category. Therefore, United States investors are
also cautioned not to assume that all or any part of the inferred
resources exist, or that they can be mined legally or economically.
Disclosure of 'contained ounces? is permitted disclosure under Canadian
regulations, however, the SEC normally only permits issuers to report
'resources? as in place tonnage and grade without reference to unit
measures. Accordingly, information concerning descriptions of
mineralization and resources contained in this release may not be
comparable to information made public by United States companies subject
to the reporting and disclosure requirements of the SEC. National
Instrument 43-101 Standards of Disclosure for Mineral Projects
('NI  43-101?) is a rule developed by the Canadian Securities
Administrators, which established standards for all public disclosure an
issuer makes of scientific and technical information concerning mineral
projects. Unless otherwise indicated, all reserve and resource estimates
referred to in this press release or released by the Company in the
future have been or will be prepared in accordance with NI  43-101 and
the Canadian Institute of Mining, Metallurgy and Petroleum
Classification System. The requirements of NI  43-101 are not the same as
those of the SEC and any reserves reported by the Company in compliance
with NI  43-101 may not qualify as reserves under the SEC′s standards.

Crosshair Exploration & Mining Corp.

Stewart Wallis,
604-681-8030

swallis@explorationgroup.com

F:
604-681-8039

info@cxxcorp.com

www.crosshairexploration.com