L.G.R. Resources Ltd.

May 03, 2007 16:51 ET

L.G.R. Resources Ltd.: Default Status Report

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 3, 2007) - L.G.R. Resources Ltd. (CNQ:MHPT) -

Further to the Company's notice of default contained in its news release of April 5, 2007 (the "Notice of Default") the following is the Company's bi-weekly default status report pursuant to Appendix B of CSA Policy 57-301:

1. The Company advises that there is no material change in the information contained in the Notice of Default.

2. The Company expects to file its audited financial statements for the year ended November 30, 2006 by May 15, 2007.

3. The Company does not anticipate being in default of a financial statement filing requirement for any period subsequent to that disclosed in the Notice of Default.

4. The Company advises that there is no other material change concerning the affairs of the Company that has not been generally disclosed.

The Canadian Trading and Quotation System Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • L.G.R. Resources Ltd.
    Ivor J. Bond
    Chief Executive Officer
    (403) 781-8380