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LGM Lions Gate Metals Inc.

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Delayed by 15 minutes
Share Name Share Symbol Market Type
Lions Gate Metals Inc. TSXV:LGM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Lions Gate Shareholders Approve Sale of Poplar Project

07/12/2012 9:00pm

Marketwired Canada


Lions Gate Metals Inc. (TSX VENTURE:LGM) ("Lions Gate" or the "Company") is
pleased to announce that its shareholders have approved the transaction,
previously announced on October 19th, 2012, whereby the Company will grant
Canadian Dehua International Mining Inc. ("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 Option, Dehua earn up to a 100% interest in Poplar
by providing $15,000,000 in cash and performing work over a two-year period as
follows: 


1. $1,000,000 upon receipt of shareholder and regulatory approval; 

2. $1,000,000 on the first anniversary of shareholder approval of the transaction;

3. $13,000,000 on the second anniversary of shareholder approval of the
transaction; and 


4. Completion of 10,000 meters of drilling on the Poplar project.

Arni Johannson, Chair & Interim President and Chief Executive Officer commented,
"Now with the formal process complete for the option sale we can move to
building our relationship with Dehua and supporting their endeavors on advancing
the Poplar Project. The focus of the company will be to maintain our capital
structure and look for new project generation. This is currently an extremely
tough climate for mineral explorers however with difficulty comes tremendous
opportunity and I feel Lions Gate is very well positioned to capitalize on these
future opportunities."


About Lions Gate Metals

Lions Gate is a public Canadian based, junior resource company with 25,497,826
shares outstanding focused on the exploration, development, and acquisition of
both advanced and early stage mineral projects.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lions Gate Metals
Blair McIntyre
Exec VP
(778) 837-6812

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