Crazy Horse Resources Inc. (TSX VENTURE:CZH) (the "Company") is pleased to
announce the completion of the strategic investment by Copper Development
Corporation ("CDC") on a private placement basis of 6,666,667 common shares of
the Company (the "Shares") at a price of $0.75 per Share for proceeds to the
Company of C$5,000,000.


As a result of the private placement, CDC will hold approximately 11.8% of the
Company's outstanding common shares. The Company has agreed to grant CDC the
right to maintain such percentage shareholding through participation in future
financings undertaken by the Company, for a period of five years subject to CDC
continuing to meet certain minimum shareholding and investment requirements.


No finder's fee or commissions were paid in respect of the private placement.

The Shares will be subject to a four-month hold period in accordance with
applicable Canadian securities laws that expires on November 5, 2011.


The proceeds of the private placement will be used to further develop the
Company's Taysan Copper-Gold Porphyry Project in the Philippines.


Taysan Project

A National Instrument 43-101 compliant technical report by Mining Associates
dated effective March 11, 2011 and entitled "Mineral Resource Estimate and
Preliminary Economic Assessment Taysan Project" can be viewed under the
Company's profile on SEDAR (www.sedar.com).


The Taysan Project contains a copper-gold porphyry deposit with an inferred
resource, and is comprised of two mining exploration permits and three mining
exploration permit applications (permits: EP-IVA-005 and EP-IVA-016, and permit
applications: EPA-IVI-108, EPA-IVI-111 and EPA-IVA-081) over five contiguous
claim blocks covering a combined total area of 11,254 hectares. The Taysan
Project hosts a large and only partly explored copper-gold porphyry deposit
similar to other copper-gold porphyry deposits previously mined in the
Philippines. The Taysan Project is located in southern Luzon, Philippines in a
well-developed mining province and readily accessible by road located 20km east
of the provincial capital and deep water commercial port of Batangas City. The
Company is currently conducting a feasibility study under the management of
AMECMinproc Limited, which remains on track and on schedule.


ON BEHALF OF THE BOARD

Johan Raadsma, President, CEO and Secretary

This press release includes "forward-looking statements" including statements
relating to completion of the proposed Offering and use of the offering
proceeds, that are subject to a number of assumptions, risks and uncertainties,
many of which are beyond the control of the Company. Investors are cautioned
that any such statements are not guarantees of future performance and that
actual results or developments may differ materially from those projected in the
forward-looking statements. Such forward-looking information represents
management's best judgment based on information currently available. No
forward-looking statement can be guaranteed and actual future results may vary
materially. There is no assurance that the Company will be successful in raising
any or all of the private placement, or that the terms thereof will not
materially change prior to closing. The Company does not assume the obligation
to update any forward-looking statement, except as required by applicable law.


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