Luiri Gold Limited
TSX VENTURE : LGL
ASX : LGM

Luiri Gold Limited

November 10, 2010 07:30 ET

Luiri Gold Appoints New Chairman and Director

TORONTO, CANADA--(Marketwire - Nov. 10, 2010) - Luiri Gold Limited (TSX VENTURE:LGL)(ASX:LGM) is pleased to announce that it has appointed Mr. Robert Brown to the Board of Directors of Luiri Gold Limited and that he will assume the role of non-executive Chairman with immediate effect.

Robert Brown has been an active investor in African exploration companies for more than 12 years and brings to the Board his extensive corporate experience in the fields of venture capital, land development and bio-technology.

Robert is the Deputy Chairman and a major shareholder in the listed property development company Cedar Woods Properties Ltd and is Executive Chairman of Westland which was a foundation investor in Luiri Gold over the past eight years.

Commenting on the election of Mr. Robert Brown to the Board, Mike Sperinck said, "We are very pleased to welcome Rob to the Board. With the company's immediate focus on securing the tenure in Zambia and moving the company forward after the recent issues relating to the EGM, Rob brings the necessary experience to guide the company and Board through this challenging period. We look forward to working with Rob on the Board, and on him assuming the role as Chairman."

Note that the Company recently announced in a News Release on November 2, 2010 that it has entered into direct discussions with the Minister of Mines in Zambia as it seeks to resolve the cancellation of tenure on its mining licence LML48.

LML48 contains the Matala and Dunrobin gold deposits in the Luiri Hill Gold Project.

Luiri Gold will continue to provide regular updates for its shareholders as it progresses the tenure issue in Zambia.

Please note that Luiri Gold has changed its contact and office details in Australia as follows:
 
Office Address: Level 3, 640 Murray Street
  West Perth, Western Australia, 6005
Mail Address: PO Box 1592, West Perth, Western Australia, 6872
Phone: +61(0)8 9436 9271
Fax: +61 (0)8 9436 9260

ON BEHALF OF THE BOARD OF DIRECTORS OF LUIRI GOLD LIMITED

Michael Sperinck, President, Managing Director and CEO

This press release contains forward-looking information which involves risks and uncertainties. Forward looking information represents management's current views and these may change significantly as new information comes to hand.

NEITHER THE TSX VENTURE EXCHANGE NOR THE ASX HAS REVIEWED THIS RELEASE AND NEITHER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Luiri Gold Limited
    Michael Sperinck
    President
    +61 401 694 322
    or
    For Luiri Gold's North American Investor Relations,
    please contact Daniel Boase at First Canadian Capital Corp.
    +1 416 742 5600 or Toll Free: 1 866 580 8891
    request@firstcanadiancapital.com
    www.luirigold.com