Crazy Horse Resources Inc. (TSX VENTURE:CZH)(OTCQX:CRZHF) ("Crazy Horse" or the
"Company") announces that further to its news release of September 8, 2011, it
has completed and filed an updated NI43-101 compliant resource report on its
Taysan Copper/Gold Project.


The report dated October 10, 2011 and entitled "Update of the Mineral Resource
Estimate and Preliminary Economic Assessment for the Taysan Project" was
authored by Mining Associates Pty. Ltd. and AMEC Minproc Limited. The report
updates the mineral resource estimate of the Taysan copper-gold project with the
addition of silver and magnetite, and drill holes completed to date. This
mineral resource estimate is an update to the minerals resource estimate
described in the March 11, 2011 technical report by the same authors that was
based primarily on historical drilling.


Mining Associates updated mineral resource estimate defines an indicated
resource of 411 Mt at an average grade of 0.27% copper, 0.10 g/t gold, 0.92 g/t
silver and 3.3% magnetite for 2,410 M lbs of contained copper, 1.27 Moz
contained gold, 12.19 Moz contained silver and 13.4 Mt of contained magnetite;
and an additional inferred resource of 542 Mt at an average grade of 0.18%
copper, 0.07 g/t gold, 0.47g/t silver and 2.8% magnetite for 2,190 M lbs of
contained copper, 1.24 Moz contained gold, 8.24 Moz contained silver and 15.4 Mt
contained magnetite. A cut-off grade of 0.1% copper was applied to all reported
resource blocks.




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Taysan August 2011 Resource Estimate - greater than 0.1% Cu
---------------------------------------------------------------------------
                  Cu    Au    Ag  Magnetite     Cu     Au     Ag  Magnetite
Category   M t     %   g/t   g/t          %  M lbs   M Oz   M Oz        M t
---------------------------------------------------------------------------
Indicated  411  0.27  0.10  0.92        3.3  2,410   1.27  12.19       13.4
---------------------------------------------------------------------------
Inferred   542  0.18  0.07  0.47        2.8  2,190   1.24   8.24       15.4
---------------------------------------------------------------------------



Within the defined copper resource are several associated accessory minerals.
These minerals, gold, silver and magnetite, were not routinely determined in the
historic data. The gold estimate is an improvement on previous regression based
estimates; silver and magnetite have not been estimated previously. All elements
are estimated using ordinary kriging. The Company is currently drilling the
gold, silver and magnetite resource to obtain sufficient data to allow the
resource categories to be consistent across all commodities.


This resource estimate is based on historic drill data and the results from a 45
drill hole programme conducted by the Company from October 2010 to June 2011.
The first ten holes drilled by the Company were designed to test the validity of
historic drilling, and confirmed the tenor of the historical drill data to be
correct. The balance of the drilling has also confirmed that copper grades
decrease at depth and that the deposit remains open down dip. This recent
drilling has bolstered confidence in the Taysan Project enabling a current
indicated and inferred copper resource to be quoted.


The technical report also documents the results of a preliminary economic
assessment ("PEA") of an open pit mining operation at Taysan. The study was
managed by AMEC Minproc Limited of Australia with technical contributions by a
number of third party industry consultants.


A complete copy of the technical report which includes the PEA can be viewed
under the Company's profile at www.SEDAR.com.


Mineral resources that are not mineral reserves do not have demonstrated
economic viability. The PEA is preliminary in nature, and is based on inferred
mineral resources that are considered too speculative geologically to have the
economic considerations applied to them that would enable them to be categorized
as mineral reserves. There is no certainty that the PEA will be realized.


Qualified Person

The information in this portion of the press release and the technical report
relating to mineral resource estimates and the PEA are based on information
compiled under the direction of Ian Taylor and Grahame Binks. Ian Taylor is a
consultant geologist and Certified Professional (AusIMM(CP)) holding a B.Sc
(Hons) with specialist experience in resource evaluation in porphyry copper
projects. Grahame Binks is a consultant engineer and Certified Professional
(AusIMM(CP)) holding a B.Eng (Hons) and M.Eng Sci with specialist experience in
process engineering in precious metals, copper, lead, zinc, nickel, tin and
uranium in a range of operating environments. Mr. Taylor and Mr. Binks are both
Qualified Persons ("QP") as defined in the "Canadian Institute of Mining,
Metallurgy and Petroleum, CIM standards on Mineral Resources and Reserves' and
NI 43-101. Both Mr. Taylor and Mr. Binks have reviewed this press release and
consent to the inclusion in the press release of the matters based on his
information in the form and context in which this appears.


Quality Control and Sample Preparation

The Company has a rigorous quality control program (QCP) inserting a minimum 5%
of standards, blanks and duplicates into the sample stream. The Company employs
independently owned and managed laboratories for all of its assay requirements.
Drilling of the Taysan Project was and continues to be carried out by Quest
Exploration Drilling (Philippines) Inc. using Edson 3000 and LF70 drill rigs and
a triple tube diamond core drilling system. All holes are started in PQ
(150-200m) then continued in HQ. All core is split using a diamond-bladed
drill-core saw and always sampled from the (true) left side of the core. The
remaining half of the core is sealed in plastic bags in a nitrogen atmosphere
and stored in a covered, guarded core shed. Core samples are bagged in new
polyethylene, UV stable plastic bags, sealed with a plastic tie, numbered
outside and have a tag placed inside the bag. All samples are accompanied by
Company personnel from site to the McPhar Laboratory under secure "Chain of
Custody" procedures. Samples are crushed to 85% less than 2mm then 1kg is split
out and pulverised in an LM2 Puck and Bowl Pulveriser to 90% less than 75um.
Gold is assayed by Fire Assay (50g charge) with AAS finish (PM6). Cu, Ag, As,
Pb, Zn, Mo, Al, Ca, Fe, K and S are assayed by 4 Acid Digest (HCl / HNO3 / HClO4
/ HF) ore grade analysis with ICP-AES finish (ICP-3). Sample rejects are
returned from the McPhar Laboratory under secure "Chain of Custody" procedures
by Company staff and also stored in the core shed in heat sealed plastic bags in
a nitrogen atmosphere. McPhar Geoservices (Phil), Inc. is ISO 17025:2005
accredited and is a member of the International Intertek Laboratory Group.


Magnetite content correlates to the magnetic susceptibility of the pulps,
(R2=0.9733). Magnetite% = 0.1639 x MagSus reading + 0.8007 based on 107 Davis
Tube Tests. The regression was applied to all magnetite susceptibility readings
(8239 readings of one kg pulp bags representing 2 metre samples).


About the Taysan Project

The Taysan Project contains a drill defined copper-gold porphyry deposit, 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.


ON BEHALF OF THE BOARD

Mitchell Alland, President, CEO and Secretary

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