Lovitt Resources Inc.
TSX VENTURE : LRC

Lovitt Resources Inc.

September 17, 2009 12:05 ET

Sampling Results in I-49 Area of the Lovitt Gold Mine; Grab Samples Return an Average of 7.9 gm/t Gold & 15.8 gm/t Silver

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 17, 2009) - Lovitt Resources Inc. (TSX VENTURE:LRC) is pleased to inform shareholders that an area known as the I-49 stope was discovered during a continuing examination of the Lovitt Gold Mine workings, owned by its wholly owned subsidiary the Lovitt Mining Company of Wenatchee, WA. Although significant exploration was conducted by major mining companies in the 1970's and 80's, it is very unlikely that this area was accessed, due to the high degree of difficulty in reaching this location. After entering a large ore chute area and from that location traversing a raise, then a narrow three foot high twenty foot tunnel off the raise, the area opens to a large room at the 1310 level with dimensions of approximately 180 feet by 215 feet by 200 feet high. The floor of the I-49 stope area is full of broken rock either stockpiled as waste, ore or from collapsed material, or all three, and this material sits with an angle of repose of 30 degrees. The implied tonnage of this material is substantial but totally dependent upon whether the floor is flat or angled, so the current estimate is 20,000 tons to 100,000 tons. Mine working plans & sections dating from 1962 indicate that this material could be continuous from the 1290 foot level down to another stoped area on the 1190 level. Dimensions are unknown below the 1290 level. The company intends to enter the 1190 stope area from the main 1150 haulage level to investigate, assess ground conditions, and sample. Twenty samples from the I-49 area, eighteen of which were taken on a random basis in two areas of approximately 80 feet X 10 feet, plus two samples near the crown pillar, returned assays averaging 7.9 grams/t gold and 15.9 grams/t silver, or 0.21 ounces of gold per ton and 0.46 ounces of silver. It should be noted that, although these results are promising, an additional 80 samples will have to be gathered to fully sample the I-49 area on a grid of 25 feet X 25 feet and a 5 foot sampling radius.

All samples were collected by a licensed geologist in the state of Washington. As part of the diamond drill program announced September 10th, the company plans one or more steeply inclined diamond drill holes from the main 1150 level directly upward into the I-49 material to better determine the extent, grade and tonnage of this system. A diagram of the I-49 showing sample locations and a table with sample results is available at: http://www.lovittresources.com/properties/lovitt_mine/1-49/

The Lovitt Gold Mine was the sixth largest gold mine in the USA when operations were suspended in 1967 due to expenses rising due to inflation and gold fixed at $35.00 per ounce. The Lovitt Gold Mine produced 420,000 oz of gold over 16 years. The Cannon Mine (directly adjoining to the north), controlled by Asamera Minerals (US) Inc., produced over 1,200,000 ounces of gold between 1985 and 1994. This news release was reviewed and approved by our Director James Proudfoot, P Eng., a qualified person under NI 43-101.

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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