Crazy Horse Resources Inc announced the completion of the strategic investment by Copper Development Corporation on a private placement basis of 6,666,667 common shares of the Company at a price of USD 0.75 per Share for proceeds to the Company of CAD 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 4month hold period in accordance with applicable Canadian securities laws that expires on November 5th 2011. The proceeds of the private placement will be used to further develop the Company's Taysan Copper and Gold Porphyry Project in the Philippines.

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

The Taysan Project contains a copper and gold porphyry deposit with an inferred resource, and is comprised of two mining exploration permits and three mining exploration permit applications over 5 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.