LGM Lions Gate Metals Inc.

Lions Gate Metals Inc. (TSX VENTURE:LGM) ("Lions Gate" or the "Company") is
pleased to announce it has entered into a binding Letter of Intent (the "LOI")
with Canadian Dehua International Mining Inc. ("Dehua"), whereby the Company
will grant Dehua an option (the "Option") to acquire a one hundred percent
(100%) interest in the Company's Poplar Copper Gold & Silver Project ("Poplar")
near Houston, BC. 


Pursuant to the terms of the LOI, Dehua will earn 100% interest in Poplar by
paying to the Company $15,000,000 in cash and performing work on Poplar over a
two-year period as follows: 


1. $1,000,000 upon execution of the LOI (which amount is non-refundable); 

2. $1,000,000 on the first anniversary of the execution of the LOI (which amount
is also non-refundable upon receipt of shareholder and applicable regulatory
approvals);


3. $13,000,000 on the second anniversary of the execution of the LOI; and 

4. Completion of 10,000 meters of drilling on the Poplar project (which is a
committed obligation and must be completed by Dehua regardless of whether it
exercises the Option).


In accordance with the LOI which was signed on Tuesday, October 16, 2012, the
Company and Dehua will enter into a definitive agreement (the "Agreement") on
the transaction. The Agreement is subject to shareholder and TSX Venture
Exchange approval.


About Lions Gate Metals

Lions Gate Metals Inc. is a Canadian based, junior resource company focused on
the exploration, development, and acquisition of copper and copper-focused
multi-mineral projects. The Company boasts one of the largest consolidated
property portfolios of any Canadian junior resource company, including the
77,705 hectare Poplar copper-gold-silver porphyry property located 35km
northeast of the operating Huckleberry Mine in west-central British Columbia,
and the 6,900 hectare ROK-Coyote copper-gold porphyry property contiguous with
Imperial Metals' Red Chris copper-gold project in northwestern British Columbia.
Poplar and ROK-Coyote are the primary focus of the company's Exploration
Program.


Sincerely on behalf of the Board of Directors,

Arni Johannson, CEO and Chairman of the Board

Lions Gate Metals Inc. 

THIS PRESS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS OR INFORMATION. ALL
STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT INCLUDED IN THIS RELEASE,
INCLUDING WITHOUT LIMITATION, STATEMENTS REGARDING FUTURE PLANS AND OBJECTIVES
OF THE COMPANY ARE FORWARD-LOOKING STATEMENTS THAT INVOLVE VARIOUS RISKS AND
UNCERTAINTIES. THERE CAN BE NO ASSURANCE THAT SUCH STATEMENTS WILL PROVE TO BE
ACCURATE AND ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE
ANTICIPATED IN SUCH STATEMENTS. IMPORTANT FACTORS THAT COULD CAUSE ACTUAL
RESULTS TO DIFFER MATERIALLY FROM THE COMPANY'S PLANS OR EXPECTATIONS INCLUDE
AVAILABILITY OF CAPITAL AND FINANCING IN CONNECTION WITH THE COMPANY'S PROPOSED
PRIVATE PLACEMENT, GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS, REGULATORY
CHANGES, TIMELINES OF GOVERNMENT OR REGULATORY APPROVALS AND OTHER RISKS
DETAILED HEREIN AND FROM TIME TO TIME IN THE FILINGS MADE BY THE COMPANY.
ACCORDINGLY, READERS ARE ADVISED NOT TO PLACE UNDUE RELIANCE ON FORWARD-LOOKING
STATEMENTS OR INFORMATION.

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