Lihir Gold Limited

Lihir Gold Limited

November 28, 2007 12:42 ET

LGL Ballarat Goldfields Mine Recovery Status

BRISBANE, AUSTRALIA--(Marketwire - Nov. 28, 2007) - Lihir Gold Ltd. (TSX:LGG)(ASX:LGL)(NASDAQ:LIHR) ("LGL") is making good progress in re-establishing operations at its Ballarat Goldfields underground mine, following a fall of ground in the main decline on Monday last week.

A preliminary inspection of the area has shown that it extends for a length of approximately 12 metres in the one kilometre-long upper decline.

Safety remains paramount in the recovery process, and LGL is working closely with regulatory authorities to develop an appropriate plan to remediate the decline and resume normal operations.

Power has been restored for dewatering and is also expected to be connected to the ventilation system within the next two days.

The schedule for a return to full working conditions will be determined once the recovery plan is finalised.

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