LionOre Mining International Ltd.
TSX : LIM
ASX : LIM
LSE : LOR
BOTSWANA : LIONORE

LionOre Mining International Ltd.

November 07, 2006 12:49 ET

LionOre Awards EPCM Contracts for Activox'R' Capital Projects Worth $600 Million

TORONTO, ONTARIO--(CCNMatthews - Nov. 7, 2006) - LionOre Mining International Ltd. (TSX:LIM)(ASX:LIM)(LSE:LOR)(BSE:LIONORE) ("LionOre"), is pleased to announce that following a competitive tender process, it has awarded the Engineering, Procurement, Construction & Management (EPCM) contracts for the $482 million Activox® Refinery to Hatch Africa and for the $114 million Dense Media Separation (DMS) Plant to Dowding Reynard & Associates (DRA).

Both Hatch and DRA have started with mobilization and placement of orders, including long-lead items, commencement of detailed engineering and site works, ahead of the completion of formal contracts. All parties are expected to formalize contracts during the fourth quarter of 2006.

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