LGL to De-List From Toronto Stock Exchange

   Lihir Gold Limited's (TSX: LGG)(ASX: LGL)(NASDAQ: LIHR) Board of Directors has approved the de-listing of the company's shares from the Toronto Stock Exchange (TSX).

The decision to seek a delisting was taken due to the low turnover of LGL shares on the Toronto exchange, and the small level of LGL share ownership in Canada.

Trading in LGL shares on the TSX is scheduled to cease from the close of trade on July 12, 2010.

LGL has also applied to the Ontario Securities Commission for an order that it no longer be a reporting issuer in the Province of Ontario. If granted, LGL will not be a reporting issuer in any province or territory of Canada.

LGL shareholders currently on the TSX can have their holdings transferred to the Australian register or to ADR's quoted on NASDAQ. In the event that a shareholder on the Canadian register does not actively move to the Australian register by July 12, 2010, their certificate(s) will be cancelled and their LGL shares will be moved to an issuer sponsored holding on the Australian register. Shareholders whose stock is moved to an Australian issuer sponsored holding will be sent an issuer sponsored holding statement.

Shareholders interested in transferring to the Australian register can contact the share registry information line on:

1300 552 270 (within Australia)

[phone] (outside of Australia) or 1 866-277-2086 (toll free in Canada & the United States)

Shareholders interested in transferring to ADR's should contact their stockbroker.

ARBN 069 803 998

Contacts: Analyst and media inquiries: Lihir Gold Limited Joe Dowling GM Corporate Affairs [phone] or [phone] www.LGLgold.com