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

LionOre Mining International Ltd.

December 20, 2006 14:11 ET

LionOre Completes Sale of Non-Strategic Australian Nickel Exploration Assets

TORONTO, ONTARIO--(CCNMatthews - Dec. 20, 2006) - LionOre Mining International Ltd. ("LionOre"), (TSX:LIM)(ASX:LIM)(LSE:LOR)(BSE:LIONORE) announces the completion of the sale of certain non-strategic Australian exploration assets to Kagara Zinc Ltd for a total cash consideration of A$25 million (US$19 million). (Please see press release dated November 19, 2006 announcing the sale.)

The assets sold consist of 'greenfield' nickel exploration tenement interests located in the Forrestania region of Western Australia.

For further information, please visit www.lionore.com.

Contact Information

  • LionOre Mining: UK / Europe
    Colin Steyn
    President & CEO
    +44 (0)20 7590 8888
    or
    LionOre Mining: Canada
    Ted Mayers
    Chief Financial Officer
    (416) 777-1670
    or
    LionOre Australia
    Bryan Hyde
    Chairman
    +61 (0)8 9426 0100
    Email: info@lionore.com
    Website: www.lionore.com