CXX

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Crosshair Exploration & Mining Corp. (TSX VENTURE:CXX)(AMEX:CXZ) ("Crosshair" or
the "Company") announces that it has agreed with Canaccord Capital Corporation,
the lead underwriter in connection with the Company's announced bought deal
financing (please reference the press releases issued by the Company on March 6,
2008) to: 1) increase the size of the offering of Flow-Through Shares from
3,226,000 to 3,575,000 and reduce the offering price of the Flow-Through Shares
from C$1.55 to C$1.40 per Flow-Through Share, and 2) increase the size of the
offering of Units from 7,250,000 to 8,000,000 and reduce the offering price of
the Units from C$1.38 to C$1.25 per Unit. Each Unit consists of one common share
and one transferable common share purchase warrant (a "Warrant"). Each Warrant
will entitle the holder thereof to purchase one common share at a price of
C$1.80, revised from C$2.00, expiring 18 months from the closing of the
Offering. The revised offering of 8,000,000 Units and 3,575,000 Flow-Through
Shares priced at $1.25 per Unit and $1.40 per Flow-Through Share will result in
gross proceeds to Crosshair of C$15,005,000.


The Company's board of directors believes that in light of current market
conditions, it is in the Company's best interests to agree to the proposed
amendment as a reasonable accommodation between existing shareholder interests
and its new sources of financing. Closing has been set for April 4, 2008 and the
board advises that no more amendments to pricing will be considered.


The Company will forthwith file an amended prospectus with all applicable
regulatory authorities.


About Crosshair

Crosshair is a dominant player in the exploration for uranium in the Central
Mineral Belt of Labrador-Canada's most promising emerging uranium district. The
755 sq km Central Mineral Belt Uranium Project is host to potentially three
types of uranium mineralization - Iron Oxide Copper Gold (IOCG - Olympic Dam),
structurally controlled/shear zone and unconformity types of mineralization.


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


ON BEHALF OF THE BOARD

Mark J. Morabito, Chief Executive Officer

Cautionary Note Regarding Forward-Looking Information

Information set forth in this news release may involve forward-looking
statements. Forward-looking statements are statements that relate to future, not
past, events. In this context, forward-looking statements often address a
company's 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. 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; and tax consequences to U.S. Shareholders. 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. Investors are cautioned against attributing undue
certainty to forward-looking statements.

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