Lions Gate Metals Inc.

Lions Gate Metals Inc.

July 03, 2009 12:12 ET

Lions Gate Metals Appoints New CEO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 3, 2009) - Lions Gate Metals Inc. (TSX VENTURE:LGM) ("LGM" or the "Company") is pleased to announce that Damien Reynolds will assume the role of Chief Executive Officer and has been re-elected as a Director of the Company at the Annual General Meeting held on June 30, 2009. Mr. Reynolds is a 20-year veteran in the junior resources sector.

For the past year, Mark Hewett has served as President and CEO and will remain a Director of the Company and will participate in its various board appointed committees. Mr. Hewett will be returning to Canaccord Capital as VP, Investment Advisor with the Dekker Hewett Group.

The Company would like to thank Mr. Hewett for his dedication and leadership which helped increase the Company's exposure throughout North America and Asia while building positive long term relationships in the business community. Mr. Hewett will continue to provide his valued input in his role as a Director.

Mr. Reynolds stated, "Mark brought his significant engineering and finance experience into LGM at a time when the market was going through extreme turmoil. The Company's relatively stable share price can be attributed to many of Mark's accomplishments during his term, some of which are as follows:

- Building a strong Advisory Board with expertise in First Nations, governmental affairs, exploration, mining and finance.

- Expanding the Poplar Project to include all potential mineralized zones through additional staking and option agreements.

- Completing an updated 43-101 on the Poplar Project defining the presence of a sizeable porphyry copper-molybdenum deposit.

- Graduating the company to Tier 1 status on the TSX-V.

- Developing strong relations with the Wet'suwet'en First Nations.

- Building strong relationships in China, Korea and Japan. These three countries will account for significant demand of copper.

- Development of a Corporate Social Responsibility policy with regards to First Nations and the environment."

Upon announcing his change of roles, Mr. Hewett stated, "I am excited for LGM's prospects. Damien can now utilize the solid business relationships we have built to develop the successful mining company we all envisioned. As a Director, I plan to remain actively involved in the company. This will include but, not be limited to Asian relations, project development and future financing."

Blair McIntyre, currently the Business Development Manager for LGM, will be moving into the position of Director of Operations. In this role Mr. McIntyre will run the day to day operations of LGM including overseeing all exploration work and communicating with investors.

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 owns 100 % of three substantial copper and molybdenum projects located in British Columbia. The management team understands the complex dynamics of the mining industry and has created a highly attractive corporate structure to maximize success.


Arni Johannson, Chairman of the Board

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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