Crosshair Energy Prepares for Transition with New President & CEO

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[{"type":"text","content":"\nCrosshair Energy Prepares for Transition with New President & CEO\n\nCrosshair Energy Prepares for Transition with New President & CEO\nVancouver, British Columbia CANADA, April 25, 2012 /FSC/ - Crosshair Energy Corporation  (CXX - TSX, CXZ - NYSE - Amex),is pleased to announce the appointment of Mr. Mark Ludwig, PE, as President & CEO effective April 30, 2012 and the appointment of Mr. Chris Healey to Crosshair's Board of Directors, effective April 25, 2012. \nMr. Ludwig was appointed Chief Operating Officer in July 2011 and brings more than 30 years of mining, management and mineral exploration and development experience to his new role. Mr. Ludwig takes over from Mr. Stewart Wallis, who is retiring from his role as President & CEO but will remain as a member of Crosshair's Board of Directors and a consultant to Crosshair as well as the entire Forbes West group of companies.\nMark Ludwig, Crosshair's incoming President & CEO stated, \"Crosshair is well positioned to take full advantage of today's market conditions. I am excited by the opportunity to grow Crosshair into a significant player in the global uranium industry.\"\nMr. Ludwig, PE, MBA earned a Mining Engineering degree from the Colorado School of Mines and an MBA from Regis University. Prior to joining Crosshair, he was the Vice President of Operations of Neutron Energy. From 2005 to 2008 he was employed by Hecla Mining Company as a Senior Mining Engineer/Project Manager and later as Manager of Corporate Development.  From 1984 until 2005 he worked in various positions with BHP Billiton including as a Senior Project and Mining Engineer. Mr. Ludwig will continue to be based in Denver, Colorado.\n\"We are extremely pleased that Mark has agreed to take the helm,\" says Mark Morabito, Executive Chairman for Crosshair. \"Mark has been an essential component in helping to guide the company through the recent market uncertainty and his intimate knowledge of Crosshair's projects, as well as the North American uranium sector, will be critical in successfully moving us forward. I would also like to convey my deepest appreciation to Stew Wallis for his years of dedicated service leading Crosshair in the establishment and expansion of its resource base both in Labrador and Wyoming.\"\nCrosshair is also pleased to announce the appointment ...

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