Lovitt Resources Inc.
TSX VENTURE : LRC

Lovitt Resources Inc.

September 10, 2009 13:56 ET

Lovitt Resources Inc.: Fall Exploration Program Detailed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2009) - The Board of Directors of Lovitt Resources Inc. ("LRC") (TSX VENTURE:LRC) has resolved to execute an exploration program on the patented claims of its wholly owned subsidiary, the Lovitt Mining Company, as recommended by Watts, Griffis and McOuat Ltd. ("WGM") in their NI 43-101 report on the Lovitt-Day gold mine dated July 31, 2009. The report recommends a two phase exploration program with a budget of CDN $ 656,000. The initial phase of exploration will consist of geophysical and geochemical surveys with follow-up surface diamond drilling. The company is in negotiations with contractors to start the exploration program as soon as possible.

The areas of interest are well defined since Cyprus Anvil, Teck Corporation, and Asamera Minerals (US) Inc. conducted extensive exploration programs on land controlled by LRC in the Wenatchee area in the 1980's and 90's, with a view to define an open pit resource. However, the focus of the company will be to concentrate on the high grade/high profit historic potential of the Lovitt Gold Mine, which suspended operations in 1967 after producing 420,000 oz of gold and 620,000 oz of silver over the preceding sixteen years. Average annual gold grades were achieved of 0.50 oz per ton in direct to smelter production between 1950 and 1961, and gold grades averaged 0.38 oz per ton after 1961 when ore throughput was increased to accommodate the Day mill. The diamond drilling program and future exploration aims to confirm known ore zones, and to potentially discover new ore zones to define a NI 43-101 proven and indicated gold and silver resource.

The Lovitt Gold Mine was the sixth largest gold mine in the USA when operations were suspended in 1967, when expenses were rising due to inflation and the price of gold was fixed at $ 34.00 per ounce. The directly adjoining Cannon Mine controlled by Asamera Minerals (US) Inc. produced over 1,200,000 ounces of gold between 1985 and 1994.

In order to avoid potential share dilution, LRC will raise funds for the exploration program and working capital by selling a cold storage building, excess equipment and a real estate contract owned by the Lovitt Mining Company, with gross proceeds expected to be in excess of US $ 1,000,000.

Further details, including the Watts, Griffis and McOuat report, may be sourced at: http://www.lovittresources.com.

Lovitt Resources Inc.

By order of the Board of Directors

Lorne Brown, President

The TSX Venture Exchange has not reviewed, nor has it accepted responsibility for the adequacy or accuracy of the contents of this news release, which was prepared by management of the Company.

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