LGM Lions Gate Metals Inc.

Lions Gate Metals Inc. (TSX VENTURE:LGM) ("LGM" or the "Company") is pleased to
announce it has received conditional approval from the ELC at the TSXV.


The Company has received notice from the TSX Venture Exchange that the
acquisition of AusNiCo Limited has been conditionally accepted, subject to
completion of the $4M private placement, receipt of shareholder approval and
final filings with the Exchange.


The Company and the principals of AusNiCo have mutually agreed to extend the
deadline for closing the acquisition until April 22, 2010. 


"Both management teams on each side of this transaction are very happy with the
Exchange's conditional acceptance of this transaction. We have moved one step
closer to completing the Ausnico merger and have already begun to prepare for
our 2010 drill programs. With strong Copper prices and a new 21 month high in
Nickel prices, the asset portfolio inside of LGM on the close of this merger
offers tremendous potential," comments Arni Johannson.


Arni Johannson, President and CEO

Lions Gate Metals Inc. is a Canadian based, junior resource company focused on
the exploration, development, and acquisition of both advanced and early stage
mineral projects.

Lions Gate Metals Inc. (TSXV:LGM)
Historical Stock Chart
From Jul 2024 to Aug 2024

Lions Gate Metals Inc. (TSXV:LGM)
Historical Stock Chart
From Aug 2023 to Aug 2024