Lions Gate Metals Inc.
TSX VENTURE : LGM

Lions Gate Metals Inc.

January 18, 2010 09:30 ET

Lions Gate Metals Inc.: Geophysical Survey Reveals Drilling Targets on Poplar

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2010) - Lions Gate Metals Inc. (TSX VENTURE:LGM) ("LGM" or the "Company") announces the completion of a deep induced polarization survey on their flagship Poplar Project. The results of the deep IP survey confirm that mineralization continues at depth in the Poplar Main Zone.

Lorie Farrell, Project Geologist for LGM states, "Many of the historical drill holes ended in mineralization. This led us to hypothesize that the mineralization may continue below the drill holes and beyond the extent of the previous IP surveys. The results from the recent Deep IP Survey support this theory." The Deep IP survey was performed in October 2009 by Insight Geophysics Inc. A total of 7 line km of Deep Insight Array sections and 13 line km of Tuned Gradient survey were completed. The surveys were designed to locate extensions of the high grade zones at depth in the main zone, to identify near surface extensions of deep mineralization in from the Poplar East Zone and to locate additional untested areas that may be connected to known mineralization. A 5,200 metre drill program has been proposed to test the grades at depth in the new potential high grade areas that were revealed by the surveys as well as test additional targets in the Main Zone. The drill program will be conditional upon the Company's ability to raise adequate funds for this program.

The Poplar property has grown in size from 49,162 hectares in early 2009 to 63,936.8 hectares in early 2010. LGM is encouraged by this new data regarding its mineralization.

About Lions Gate Metals

LGM is a Canadian based, junior resource company focused on the exploration, development, and acquisition of both advanced and early stage mineral projects. LGM owns 100 % of three substantial copper and molybdenum projects located in British Columbia. LGM's flagship project is the Poplar porphyry copper - molybdenum deposit.

Thank you for your continued support.

Sincerely,

Arni Johannson, CEO

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.

For further information on the Company and its projects please visit our web site at www.Lionsgatemetals.com.

Forward-Looking Information

This news release contains forward-looking information, including statements regarding the following: geological interpretations and management's expectations in respect of the Company's Poplar project; the timing and content of upcoming work programs; and the Company's ability to raise adequate funds to conduct the proposed drill program on the Poplar property.

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Company's periodic filings with Canadian Securities Regulators. These factors include the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting drill results and other exploration data including IP Surveys and Airborne Geophysical Surveys; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in production and operations; fluctuating metal prices; the possibility of project cost overruns or unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions and liability; competition and loss of key employees; and other related risks and uncertainties. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Technical Disclosure

Peter Ogryzlo, M. Sc., P. Geo., the Technical Advisor of LGM and a "qualified person" within the meaning of National Instrument 43-101, has reviewed and approved the scientific and technical disclosure contained in this news release.

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.

Contact Information

  • Lions Gate Metals Inc.
    Blair McIntyre
    Business Development and Investor Relations
    (604) 683-7588
    www.Lionsgatemetals.com